ParkingControlled Entrance, Concrete, Covered, Door-Multi, Driveway, Garage, Guest, One Space, On Street, Uncovered
Garage3 spaces
Year Built1923
HeatingBaseboard
CoolingNone
MLS #24454231
Lot Size0.24 Acres
StatusActive
About 5418 Franklin Ave
Unique opportunity to purchase 6 unit property in a high demand rental pocket. straddling the neighborhoods of Los Feliz and Hollywood. On a lot sized over 10,500 sq ft. there is tremendous value for long term potential. Main front unit is vacant and highlights numerous updates and preservation of character that shows off 1920's character, reflecting architecture of the era. Refinished hardwood flooring throughout and remodeled bathrooms make this available unit perfect for receiving the best quality rent. At the same time, it also lends itself perfectly for an owner/user to build equity by moving into a large, Turnkey space (3 beds/ 2 baths) that has the feel of Single-Family living. This available unit has the convenience of utility area and basement close to kitchen and back door. Front structure has 2 large units (appox. 2000 sq ft.) and detached building in back has 4 units featuring 1 bedroom/1 bath. Driveway has depth that runs the length of the lot, affording many different parking options. Paved flat area in back of second 2 story structure also allows for many uses, including parking, as well. Immediate access to Hollywood on one side and short distance to DTLA in opposite direction. This is an area that consistently has tenants looking to be close to city access; close access to freeway commutes. Public website for CIty Of L.A. shows zoning designations that property falls under the State Enterprise Zone and also is located in specified Transit Priority Area.
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1923
Stories: 2
Living Area: 6,556 SqFt
Listing Office:
Office Name: Sotheby's International Realty
Office Phone: (323) 665-1700
Listing Agent: Michelle St. Clair
Interior Features
Interior Information:
Appliances: Disposal, Oven, Refrigerator
Flooring Type: Tile, Wood
Interior: High Ceilings, Open Floorplan, Storage
Bedroom and Bathroom Information:
Total Bedroom Count: 10
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 3 spaces
Attached Garage: No
Parking: Controlled Entrance, Concrete, Covered, Door-Multi, Driveway, Garage, Guest, One Space, On Street, Uncovered
Lot Features
Lot Information:
Lot: Back Yard, Front Yard, Lawn
Lot Size: 0.24 Acres
Utilities
Utilities Information:
Heating: Baseboard
Cooling: None
School Info
Assigned Schools Information:
Hollywood Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Joseph Le Conte Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Grant Elementary School, Public District Grades KG-6
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: On Franklin, Between Oxford and Serrano
Price Information
Listing Price Info
Price Summary:
List Price: $2,000,000
Price Per SqFt: $305/SqFt
Tax Information:
Annual Amount: $11,357
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $987.5K more than the Median Sold Price and $335/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24454231
Listing Office:
Office Name: Sotheby's International Realty
Office Phone: (323) 665-1700
Listing Agent: Michelle St. Clair
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 10/27/2024, 12:55:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Apr 06, 2005
Apr 06, 2005Home Sold
$450,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$11,357
$853,267
2020
$11,044
$844,034
2019
$10,860
$827,485
2018
$10,597
$811,261
2017
$10,597
$795,355
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Grant Elementary School
1530 N Wilton Pl
Distance between this listing and this school0.46 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.59 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.13 miles
Public Magnet Grades 1-5
Middle School
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school0.87 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.08 miles
Public District Grades 6-8
High School
6
/10
Hollywood Senior High School
1521 N Highland Ave
Distance between this listing and this school1.89 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school7.20 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school12.60 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Grant Elementary School
1530 N Wilton Pl
Distance between this listing and this school0.46 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.59 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.13 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school0.87 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.08 miles
Public District Grades 6-8
Nearby Schools
6
/10
Citizens of The World 2
5616 Carlton Way
Distance between this listing and this school0.41 miles
Public Charter Grades KG-7
Assigned Schools
6
/10
Hollywood Senior High School
1521 N Highland Ave
Distance between this listing and this school1.89 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school7.20 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school12.60 miles
The neighbors living near this home have an average income of $21,816. Typical income of Los Angeles, CA residents is less than $35k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5418 Franklin Ave
What is the listing price of this property?
The listing price of 5418 Franklin Ave property is $2,000,000.
What type of property is this?
The property 5418 Franklin Ave is a house located in Los Angeles, California, 90027.
Is this property for sale now?
Active Listing: 5418 Franklin Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 5418 Franklin Ave are: Grant Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Academy For Enriched Sciences: GreatSchools Rating 9/10Joseph Le Conte Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Hollywood Senior High School: GreatSchools Rating 6/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $11,357 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 6, 2005 for $450,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 5418 Franklin Ave has 10 bedrooms and 6 bathrooms.
What is the square footage of this property?
The property 5418 Franklin Ave is 6,556 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 5418 Franklin Ave is 1923.
This home is located at 5418 Franklin Ave in Los Angeles, CA and zip code 90027 in the Central LA neighborhood. This 6,556 square foot home, which was built in 1923, sits on a 0.24 acre lot. Features: 10 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $2,000,000.
While more than 532 listings in Los Angeles, CA in September 2024 were sold above asking price, there were more than 180 listings sold at asking price, and more than 619 were sold below. The number of homes for sale in Los Angeles, CA increased by 10.6% between August 2024 and September 2024. In September 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $1,012,476.
From Rocket Homes Real Estate and based on county public records data.