5015 Franklin Avenue Los Angeles, CA 90027
We are pleased to present this great duplex in desirable neighborhood at East Hollywood. Situated at bottom of the Griffith Park and Franklin Hill, between Sunset Blvd and Los Feliz Blvd, the property has easy access to the 5 FWY and many local shops , restaurants and famous Hollywood landmarks, like the Griffith Observatory. The 2-story building has two separated units with separate meters and entrances. Upstair unit has a long-term tenant and downstair unit can be owner occupied or be rented to current market value. There is large backyard with a 2 -car garage which can easily be converted to ADU, and with lot of empty space in the backyard, it has potential to add another ADU. (Buyer to verified with the city). This makes the property has huge opportunity to be a 4-unit income generated investment. It is a perfect investment for both owner occupied or investors.The building is well-maintained, as the Seller put a new roof and installed a new water-heater for downstair unit in 2023. With some TLC , this property is a true value-add opportunity for any homeowner or investor.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site45 Days
- MLS StatusActive
- MLS ID NumberWS24023468
- Home Size Source N/A
- Year Built1922
- Lot Size0.1706 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 2
- Sewer Public Sewer
- Number of Stories 2
- Acreage 0.1706
- Water Public
- Property Sub Type Duplex
- Garage Spaces 2
- Utilities Electricity ConnectedNatural Gas ConnectedWater Connected
- Zoning LAR2
- Listing Conditions Standard
Interior Features
- Cooling Central Air
- Heating Central
- Fireplace Features Living Room
- Laundry Features In Closet
- Fireplace Yes
Exterior Features
- Pool Features None
- Lot 2-5 Units/ Acre
Community Features
- Community Features Street LightsUrban
- Senior Community No
- MLS Area C30 - Hollywood Hills East