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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$2,750,000
5666 5672 Franklin Avenue, Los Angeles, California 90028
0Bed
0Bath
5,016Sqft
7,409Lot
Year Built
1920
Close
-
List price
$2.75M
Original List price
$2.75M
Price/Sqft
$548
HOA
-
Days on market
-
Sold On
-
MLS number
SR25143658
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.75M(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
Good
Despite being built in 1920, this property has undergone extensive and recent renovations, bringing it to a 'good' condition. The description highlights a new roof (within 2 years), updated main electrical panel (2021), new exterior paint, copper plumbing, newer sewer line, and the addition of central air & heat and in-unit laundry hook-ups in all units. All kitchens and bathrooms are described as 'updated,' with some kitchens featuring stainless steel appliances and quartz countertops, indicating modern functionality. The visible hardwood flooring and recessed lighting in the images further support a move-in ready state. While the bathroom style in the image is clean and functional, it's not ultra-modern, preventing an 'excellent' rating. However, the significant investment in major system and aesthetic upgrades ensures the property is well-maintained and requires no immediate renovations.
Pros & Cons

Pros

Prime Hollywood Location: Situated in a prestigious and famous Hollywood neighborhood (Franklin Village), offering unparalleled access to nightlife, world-class dining, entertainment, and employment opportunities, enhancing desirability for both tenants and owner-users.
Extensive Recent Upgrades: The property has undergone significant capital improvements, including an updated roof (last 2 years), updated main electrical panel (2021), new exterior lighting, metal/stone stairs, seamless gutters, pavers, new exterior paint, recessed lighting, copper plumbing, and a newer sewer line, minimizing immediate maintenance concerns.
Modern Unit Amenities: All four units feature desirable amenities such as in-unit laundry hook-ups, central air & heat, updated kitchens and baths, and large walk-in closets with built-ins, making them highly attractive to prospective renters.
Income & Owner-User Flexibility: The property offers significant upside in rents and is ideal for both investors seeking rental income and owner-users, with the flexibility for one unit to be delivered vacant, broadening its market appeal.
Enhanced Security Features: A gated entrance with remote access provides an added layer of security and privacy, a valuable asset in a bustling urban environment like Hollywood.

Cons

Age of Original Structure: Despite extensive modern upgrades, the property's original construction year of 1920 means the underlying structure is over a century old, which could lead to unforeseen long-term maintenance considerations not covered by recent renovations.
High Investment Threshold: The list price of $2.75 million represents a substantial capital investment, potentially narrowing the pool of prospective buyers to only well-capitalized investors or high-net-worth owner-users.
Potential Parking Limitations: While pavers are mentioned for the backyard and driveway, the description does not explicitly detail the number of dedicated parking spaces for four units, which could be a significant concern for tenants in a dense urban area like Hollywood.

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