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5418 Franklin Ave, Los Angeles, CA, 90027

$2,000,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
6 Baths
6,556 SqFt
$305/SqFt
House

Location

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5418 Franklin Ave, Los Angeles$2,000,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
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
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

36

# of Sold Homes

1331

5418 Franklin Ave vs Los Angeles

2 DAYS ON ROCKET

-34 Days

$2,000,000

+$987.5K More

$305/SqFt

-$335 Less

KEY TAKEAWAY

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

IDX 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

Apr 06, 2005Home Sold
$450,000

Tax History

YEARPROP. TAXASSESSMENT
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.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,063

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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

school-card-donut-769798
5
/10

  • Grant Elementary School

  • 1530 N Wilton Pl

  • 0.46 miles

  • Public District Grades KG-6

school-card-donut-769799
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 2.59 miles

  • Public Magnet Grades KG-6

school-card-donut-769800
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 20.13 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-769801
4
/10

  • Joseph Le Conte Middle School

  • 1316 N Bronson Ave

  • 0.87 miles

  • Public Magnet Grades 6-8

school-card-donut-769802
4
/10

  • Studio

  • 2211 W Avenue 30

  • 4.08 miles

  • Public District Grades 6-8

High School

school-card-donut-769803
6
/10

  • Hollywood Senior High School

  • 1521 N Highland Ave

  • 1.89 miles

  • Public Magnet Grades 9-12

school-card-donut-769804
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 7.20 miles

  • Public Magnet Grades 9-12

school-card-donut-769805
7
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 12.60 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

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 5/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Joseph Le Conte Middle School: GreatSchools Rating 4/10
Studio: GreatSchools Rating 4/10
Hollywood Senior High School: GreatSchools Rating 6/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel 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.

Rocket Homes›California›Los Angeles County›Los Angeles›90027›5418 Franklin Ave

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.

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