4254 Franklin Ave.

Los Feliz, CA 90027

Listing Details

Ally Commercial Real Estate together with Sonia Restrepo of Pinnacle are proud to present 4 townhome-style units in Los Feliz. 4254 Franklin Ave was constructed in 1929 and consists of 2 vintage Spanish-style duplexes. The unit mix consists of four very spacious 2 bed + 1 bath units units. All units have hardwood floors and individual private patio spaces with tile floors. each unit has one assigned private parking space plus private parking for two additional vehicles.
Franklin is located in one of the most desirable pockets of Los Feliz and walkable to many local amenities on Hillhurst Ave which is named one of the hottest spots in LA for local eateries, trendy cafes, and boutique shops. Very close proximity to Griffith Park and within the boundaries of Franklin Elementary School
The subject property has a significant upside left in the rents and the property could make for a potential Tenants in Common (TIC) conversion, the buyer to verify. This coupled with the seller carry option makes for a prime investment opportunity for any savvy investor.

 
 

Asking: $2,995,000

  • 4 Unit

  • 4,954 SF BLDG

  • $748,750 PPU

  • 3.59% CAP Rate