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6700 Franklin Pl, Los Angeles, CA 90028
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6700 Franklin Pl Los Angeles, CA 90028

$17,072,000 Sold Price as of 02/15/2022
  • 49 Beds
  • 53 Baths
  • 40,876 Sq.Ft.
Sold
$17,072,000 Sold Price as of 02/15/2022 Refinance Your Mortgage
Map preview of 6700 Franklin Pl, Los Angeles, CA 90028

Property Overview: 6700 Franklin Pl Los Angeles, CA has 49 bedrooms, 53 bathrooms, 40,876 living square feet and 16,015 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by Michael Sterman | BRE #01911703 | Marcus & Millichap
Last checked: 1 minute ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 57

Home details

Lot Sq. Ft
16,015
HOA Dues
$0/mo
Year built
1988
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21106701
City
Los Angeles
County
Los Angeles
Time on Site
906 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 42
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,635
  • Total Rent: $6,540
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 27
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,902
  • Total Rent: $51,355
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 11
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,622
  • Total Rent: $28,840
  • Pro Forma/Market Rent: $3,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.64
  • Gross Scheduled Income: --
  • Net Operating Income: $608,315
  • Gross Operating Income: $1,048,620
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6700 Franklin Pl

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 65
  • Has Parking
  • Parking Features: Garage
Property Information
  • Total # of Units: 42
  • Parcel Number: 5547002033
Location / Neighborhood
Location Information
  • Directions: On the corner of Franklin Pl and Las Palmas Ave
View more facts & features

Local Los Angeles Agent

Sale History for 6700 Franklin Pl

Last sold for $17,072,000 on February 15th, 2022

  • February, 2022

  • Feb 15, 2022

    Date

    Sold

    CRMLS: 21106701

    $17,072,000

    Price

  • Nov 19, 2021

    Date

    Active

    CRMLS: 21106701

    $19,500,000

    Price

  • August, 2020

  • Aug 27, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2002

  • Jan 11, 2002

    Date

    Sold (Public Records)

    Public Records

    $5,550,000

    Price

Show More

Tax History for 6700 Franklin Pl

Assessed Value (2020): $7,444,345
Year Land Value Improved Value Assessed Value
2020 $2,026,208 $5,418,137 $7,444,345

Home Value Compared to the Market

This property vs the competition

6700 Franklin Pl sold on February 15, 2022 for 1454.62% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $452.59 per/sqft which puts the price per square foot 40.05% lower than the current median sale per square foot for the city of Los Angeles.

About 6700 Franklin Pl

Detailed summary of property

6700 Franklin Pl is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 49 bedrooms, 53 bathrooms, roughly 40,876 living square feet, and sits on an approximately 16,015 square foot lot. 6700 Franklin Pl was first listed on ArdentRealEstateGroup.com on November 19, 2021. The homeowner sold the property for $17,072,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 1454.62% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 93 days, 6700 Franklin Pl has a days on market of 57 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 6700 Franklin Pl 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 6700 Franklin Pl

Public county record property details
Beds
--
Baths
--
Year built
1988
Sq. Ft.
40,876
Lot Size
16,015
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7,8
APN
5547-002-033

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
$1,195,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$752,000
Median Sold Price/Sq.Ft.
$470
Total Inventory
34
Median Sale to List Price %
83.65%
Avg Days on Market
197
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (100%)

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Recently Sold Homes Near 6700 Franklin Pl

6720 Franklin Pl, Los Angeles, CA 90028
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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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