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We are pleased to present a twelve (12) unit apartment building located at 6061 Franklin Avenue in Los Angeles, California. The subject property is positioned in a prime Greater Hollywood Hills location, north of Franklin Avenue and west of North Beachwood Drive. Built in 1954, this property contains a streamline unit mix of twelve (12) one bedroom / one bathroom units. The units vary in size with five (5) smaller, five (5) that are large, and two (2) large front units that boast a private patio in the front of the building. Five (5) units will be delivered vacant. The whole building was fully renovated in 2015, now features a quality aesthetic with wood deco throughout, completed a soft-story retrofit in 2021, is gated & secure with a recently re-tarred driveway, CCTV throughout the building, and an on-site laundry room.. There are six (6) uncovered parking spaces and two (2) covered parking spaces available. There is an additional large storage unit with potential to convert to an ADU unit. Tenants will enjoy being within short walking distance to some of the best entertainment, retail, and restaurant amenities in Los Angeles. Some of the nearby amenities include the Hollywood Walk of Fame, Avalon Hollywood & Bardot, Gower Plaza Shopping Mall, Gelson's Grocery, TAO, Katsuya Hollywood, Wood & Vine, Scum and Villainy Cantina, The Bourbon Room, and many more. A short drive up North Beachwood Drive and residents can experience outdoor recreation hiking the Hollywood sign and enjoying the quaint, laid back community at Beachwood Canyon. Situated in a prime greater Hollywood Hills location, this offering presents an excellent opportunity for any investor to purchase a turn-key, quality aesthetic asset for immediate lease-up. MLS® ID: 22145383 Listed: 4/10/22 Updated: 10/17/22 Interior Features Kitchen Appliances: Built-In, Oven, Range, Refrigerator, Dryer, Washer Total Bedrooms: 12 Total Bathrooms: 12 Floor Description: Wood Heating: Wall Furnace Exterior/Building Features Lot Size: 6,362 ft2 lot Exterior Features: Enclosed, Front Porch Other Property Details Area Name: C30 - Hollywood Hills East HOA Amenities: Gated Garage: No Parking: Controlled Entrance, Covered, Driveway, Gated, Uncovered Parking Total: 8.0 View: Y County: Los Angeles Pool: No Pool Description: None Total Stories: 3 Zoning: LAR3 Property History Date Event Price Value 7/11/22 Price Change $3,700,000 -5% 5/10/22 Price Change $3,900,000 -6% Courtesy of Marcus & Millichap, Jason Tuvia, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. 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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