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5666 5672 Franklin Avenue, Los Angeles, California 90028, Los Angeles, 90028 - bed, bath

5666 5672 Franklin Avenue, Los Angeles, California 90028 home-pic-0
ACTIVE$2,799,950
5666 5672 Franklin Avenue, Los Angeles, California 90028
0Bed
0Bath
5,016Sqft
7,409Lot
Year Built
1920
Close
-
List price
$2.8M
Original List price
$2.8M
Price/Sqft
$558
HOA
-
Days on market
-
Sold On
-
MLS number
SR25038077
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.80M(67th), sqft - 5016(67th), beds - undefined(50th), baths - undefined(50th).

We are thrilled to present you this Franklin Village Stunner!!! Located in one of the most Prestige/Famous neighborhood of Hollywood with unparalleled access to nightlife, world class dining, education, employment opportunities and exciting entertainment options. Seller has spent thousands and thousands of $$'s on the upgrades. Features include updated roof last 2 years, updated main electrical panel in 2021, all new exterior lighting with dusk/dawn controls, new metal/stone stairs, seamless gutters, pavers the entire back yard and drive way, all units with in unit laundry hook-ups and central air & heat, gated entrance with remote access, brand new exterior paint throughout, recessed lighting, copper plumbing , newer sewer line and so much more. (Per unit breakdown) 5666 Franklin - 2 bed 1 bath with approx 1254 sqft of living space, updated kitchen and bath, electric fireplace, wood flooring, large walk in closet with built-ins, 5668 Franklin - 2 bed 1 bath approx 1254 sqft, updated kitchen with stainless steel appliances, updated bath, Nest thermostat, wood flooring, large walk in closet with built-ins, newer water heater, 5670 Franklin - 2 bed, 1 bath, approx 1254 sqft, updated kitchen with quartz countertops and stainless steel appliances, updated bath, Nest thermostat, large walk in closet with built-ins, newer water heater, 5672 Franklin - 2 bed, 1 bath, approx 1254 sqft, updated kitchen and bath, Nest thermostat, laminated flooring, large walk in closet with built-ins. Huge upside in rents with so much potential. Ideal for owner user (seller occupying one of the units and can be delivered vacant) or perfect property for an investor looking in one of the most famous neighborhoods.

Condition Rating
Excellent
Despite being built in 1920, this property has undergone extensive and recent renovations, bringing it to an excellent condition. The description highlights a new roof (within 2 years), updated main electrical panel (2021), new exterior paint, copper plumbing, and a newer sewer line. All units feature modern amenities such as central air & heat, in-unit laundry hook-ups, recessed lighting, and Nest thermostats. Kitchens are updated with stainless steel appliances and quartz countertops in some units, and bathrooms are also updated. The flooring is either wood or laminate, and the exterior boasts new metal/stone stairs, seamless gutters, and paved areas. These comprehensive upgrades, many within the last 2-5 years, mean the property meets current quality standards with virtually new components and no deferred maintenance, aligning perfectly with the 'Excellent' criteria for an extensively renovated property.
Pros & Cons

Pros

Prime Hollywood Location: Located in a prestigious and famous Hollywood neighborhood, offering unparalleled access to nightlife, world-class dining, education, employment opportunities, and entertainment.
Extensive Recent Upgrades: Seller has invested significantly in upgrades, including a new roof (last 2 years), updated main electrical panel (2021), new exterior paint, copper plumbing, and a newer sewer line, reducing immediate capital expenditures for a new owner.
Modernized Units & Amenities: All four units feature updated kitchens and baths, in-unit laundry hook-ups, central air & heat, recessed lighting, and smart home features like Nest thermostats, enhancing tenant appeal and rent potential.
Strong Investment Potential: Described as having 'huge upside in rents' and being ideal for an investor, with the flexibility for an owner-user as one unit can be delivered vacant.
Enhanced Security & Curb Appeal: Features a gated entrance with remote access for security and privacy, along with new exterior lighting, metal/stone stairs, seamless gutters, and paved backyard/driveway, significantly boosting the property's aesthetic and functionality.

Cons

Age of Property: Built in 1920, the underlying structure is over a century old. While extensively upgraded, this could still lead to unforeseen maintenance issues or higher insurance costs associated with older buildings.
High Initial Investment: The list price of nearly $2.8 million represents a substantial capital outlay, which may limit the pool of potential buyers and require significant financing.
Limited Specific Parking Details: While a paved driveway is mentioned, the description lacks specific details regarding dedicated parking spaces per unit, which can be a critical amenity and concern for tenants in a dense urban area like Hollywood.

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