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5977 Franklin Ave, Los Angeles, CA 90028
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5977 Franklin Ave Los Angeles, CA 90028

$2,400,000
  • 4 Beds
  • 7.5 Baths
  • 4,464 Sq.Ft.
For Sale
$2,400,000 Get Pre-Qualified
Map preview of 5977 Franklin Ave, Los Angeles, CA 90028

Property Overview: 5977 Franklin Ave Los Angeles, CA has 4 bedrooms, 7.5 bathrooms, 4,464 living square feet and 7,501 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Beautiful 8-plex comprising of four studios and four one-bedroom apartments with 7 assigned parking spaces. This property is located in the heart of Franklin Village in prime Hollywood, is half a block from shops cafes and restaurants and UCB theater and one block from the Gelson's supermarket

Listed by Iacopo Wachter | BRE #01487692 | First American Team Realty Inc
Last checked: 7 minutes ago | Last updated: September 14th, 2024 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
7,501
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Apartment
Status
Active
MLS#
PW24191294
City
Los Angeles
County
Los Angeles
Time on Site
5 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,675
  • Total Rent: $1,675
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,845
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,875
  • Total Rent: $1,875
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,930
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,875
  • Total Rent: $1,875
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $913
  • Total Rent: $913
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $160,836
  • Net Operating Income: $92,576
  • Gross Operating Income: --
  • Gross Spendable Income: $99,216
Annual Expense Breakdown
  • Total Operating Expense: $6,640
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $1,200
  • Gardener: $1,200
  • Insurance: $4,000
  • Professional Management: $0
  • Water/Sewer: $1,440

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Property Details for 5977 Franklin Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 5586014006
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: N/101 Frwy; E/Cheremoya Ave; W/Tamarind Ave; S/ Chula Vista Wy
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 5977 Franklin Ave

Last sold on May 23rd, 2002

  • September, 2024

  • Sep 13, 2024

    Date

    Active

    CRMLS: PW24191294

    $2,400,000

    Price

  • May, 2002

  • May 23, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 1984

  • Jul 17, 1984

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5977 Franklin Ave

Assessed Value (2020): $431,671
Year Land Value Improved Value Assessed Value
2020 $167,143 $264,528 $431,671

Home Value Compared to the Market

This property vs the competition

5977 Franklin Ave is listed 100% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $537.63 per/sqft which puts the price per square foot 30% lower than the median price per square foot for the city of Los Angeles.

About 5977 Franklin Ave

Detailed summary of property

5977 Franklin Ave is a apartment located in Los Angeles, CA 90028 and is currently for sale. This apartment offers 4 bedrooms, 7.5 bathrooms, roughly 4,464 living square feet, and sits on an approximately 7,501 square foot lot. 5977 Franklin Ave was first listed on ArdentRealEstateGroup.com on September 14, 2024. The homeowner is currently asking $2,400,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 100% higher than the median priced home. Local competing homes currently for sale include 5229 Marathon St, 1920 N Alexandria Ave and 1303 N Citrus Ave. While the average home in Los Angeles, CA is selling in 106 days, 5977 Franklin Ave has a days on market of 6 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 5977 Franklin Ave Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5977 Franklin Ave

Public county record property details
Beds
8
Baths
8
Year built
1930
Sq. Ft.
4,464
Lot Size
7,499
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
34
APN
5586-014-006

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,099,000
Median List Price/Sq.Ft.
$695
Median Sold Price
$1,015,000
Median Sold Price/Sq.Ft.
$728
Total Inventory
51
Median Sale to List Price %
101.5%
Avg Days on Market
32
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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