$1,500,000
$500K PRICE DROP

5665 Franklin Ave Los Angeles, CA 90028

Hollywood Hills Neighborhood

Estimated payment $9,390/month

Total Views 2,895
9 Beds
-- Bath
5,286 Sq Ft
$284 Price per Sq Ft

Highlights

  • Dual Staircase
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • No HOA

About This Home

Hollywood Investment Opportunity: This 5,286 sq. ft. ***5****Unit multifamily property offers a desirable location in the heart of Los Angeles. Built in 1961. . Ideal for long-term tenants or value-add investors. 1 (1) Bedroom Unit, 3 (2 Bedroom Units) 1 (3) Bedroom unit
Residents enjoy walkable access to trendy coffee shops, restaurants, nightlife, and retail shops. The property is close to major attractions including the Hollywood Walk of Fame, Griffith Observatory, Sunset Strip, Melrose, and the LA Film School. Convenient access to the 101 Freeway and Metro Rail makes commuting a breeze, while the surrounding neighborhood offers a vibrant mix of local culture and charm.
Whether you're looking to grow your portfolio or secure a solid income-producing asset, this rare Hollywood gem delivers on location and lifestyle.

Listing Agent

Kristy Piazza

KRISTY LITTLE, BROKER Brokerage Phone: 626-644-6395 License #01117757 Listed on: 09/01/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 5,324 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 7 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 9 Bedrooms
  • 5,286 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Laundry Room

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 1111
  • Assessor Parcel Number 5587019003
  • $1,131 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Electric Expense $4,800
  • Insurance Expense $6,000
  • Trash Expense $4,800
  • Water Sewer Expense $5,500
  • Operating Expense $21,100
  • Gross Income $72,258
  • Net Operating Income $32,258

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

7

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 5500.00
  • Zoning: LAR1
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5587019003
  • Year Built: 1961
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: 2 Staircases
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 283.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 4800.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5324.00
  • Lot Size Acres: 0.1222

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 4800.00
  • Gross Income: 72258.00
  • Gross Scheduled Income: 72258.00
  • Insurance Expense: 6000.00
  • Lot Size Area: 5324.0000 Square Feet
  • Net Operating Income: 32258.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 40000.00
  • Rent Control: Yes
  • Total Actual Rent: 6368.00
  • Total Expenses: 21100.00

Tax Info

  • Tax Census Tract: 1893.00
  • Tax Lot: 4
  • Tax Tract Number: 01111
  • TaxOtherAnnualAssessmentAmount: 1131.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2025 10/25/25 Price Changed $1,500,000 -16.7% $284 / Sq Ft
09/12/2025 09/12/25 Price Changed $1,800,000 -10.0% $341 / Sq Ft
09/01/2025 09/01/25 For Sale $2,000,000 -- $378 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25196488

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90028 Hollywood Hills

5665 Franklin Ave, Los Angeles, CA

For Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

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Kristy Piazza
Listing Agent
Kristy Piazza
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KRISTY LITTLE, BROKER
(626) 644-6395