- Photos
- 1 of 9
Apartments For Sale • 9,920 SF
| A 16-unit Multifamily Opportunity on the Highly Desirable Franklin Avenue Corridor, a premier rental area known for rent growth and low vacancy |
| Great Unit Composition of Twelve (12) One-Bedroom | One-Bathroom AND Four (4) Single | One-Bathroom apartment homes |
| Most units feature original oak hardwood flooring, wood windows, front & rear egress, vintage tiled baths and kitchens, and numerous closets |
| Twelve (12) parking spaces consisting of six (6) garages and six (6) on-grade parking spaces. Soft-story retrofit work was completed in 2019 |
| Each unit is separately metered for gas and electric utilities, thus keeping operating expenses low |
| There is a significant affordability gap to home ownership within the zip code of 90027. The median home price in the area is $2,280,250 |
| Cap Rate: | 5.00 % |
| Total Expenses: | $108,097 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 7 min | - | 3.6 mi |
| Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) | 11 min | - | 5.5 mi |
| Transit/Subway | Drive | Walk | Distance |
| Vermont/Sunset Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 16 min | 0.8 mi |
| Hollywood/Western Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 16 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 18 min | - | 10.0 mi |
| Los Angeles International | 29 min | - | 15.5 mi |
| Long Beach (Daugherty Field) | 39 min | - | 27.1 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 6 |
| Type: | Surface |
| Included in Rent: | Yes |
Rich Johns
KW Commercial
Rich Johns
KW Commercial
