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6857 Franklin Ave
Los Angeles, CA 90028

$3,500,000 USD

Apartments For Sale  •  23,922 SF

Property Details

  • Property Type Apartments
  • Total Building Size 23,922 SF
  • Lot Size 0.31 AC
  • Building Class C
  • Year Built 1920
  • Zoning LAR4
65 Transit Score
98 Walk Score

Highlights

Potential for Seller Financing
Currently operated as 25 units - Cert of Occupancy, LADBS, 9a Report and Zimas show 27 Units (buyer to verify)
12,161 SF of improvements on a 13,470 SF corner parcel, zoned LAR4.
Unit composition of Singles, Bachelors and One Bed units
Value Opportunity through unit attrition, operational efficiencies, building upgrades, RUBS and/or a short-term rental model.
Parking for 16 vehicles

Amenities

  • Property Manager on Site
  • Recycling

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 5.8 mi
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 6.2 mi
Transit/SubwayDriveWalkDistance
Hollywood/Highland Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 4 min 0.2 mi
Hollywood/Vine Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 18 min 1.0 mi
AirportDriveWalkDistance
Bob Hope 15 min - 8.3 mi
Los Angeles International 28 min - 13.7 mi
Long Beach (Daugherty Field) 41 min - 30.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Rich Johns 213-305-9026 KW Commercial
Rich Johns 213-305-9026 KW Commercial