NOT LISTED FOR SALE

6871 Franklin Ave Los Angeles, CA 90028

Hollywood Hills Neighborhood
8 Beds
12 Baths
17,450 Sq Ft
0.35 Acres

Last Sold October 19, 2012

Last sale price $5,693,673 $326 Per Sq Ft

47 Days on Market

Highlights

  • 15,431 Sq Ft lot
  • Central Heating
  • 5-minute walk to Hollywood/Highland Station

About This Home

As of October 2012

6871 Franklin Ave. is a well maintained 30 unit apartment building located in prime Hollywood. Built in 1958, the property is comprised of (28) one bedroom + one bathroom units, (2) studio units, plus an additional two non-conforming studio units. The building, which is master metered for all utilities, is gated with secured entry controlled by an intercom. Property amenities include onsite laundry facilities, an outdoor pool, 22 parking spaces, and a landscaped courtyard. Units feature Pergo floors, ceramic tiled bathrooms and shower tubs, air conditioning, and heating. Most units offer private balconies or large & extra-large patios. The majority of plumbing and electrical has been newly upgraded. Eighty percent of units are tastefully furnished, offering queen sized Tempur-Pedic mattresses, pull-out sofas, kitchen appliances, and flat screen HDTVs.

Last Agent to Sell the Property

Matthew Kanner

Keller Williams Realty Los Feliz License #01349203 Listed on: 05/09/2012

Keller Williams Realty Los Feliz

Last Buyer's Agent

RAOUL AMESCUA

License #01273403

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.35

Interior Spaces

  • 17,450 Sq Ft Home
  • 3-Story Property

Parking

  • 22 Parking Spaces
  • 19 Covered Spaces

Additional Features

  • 0.35 Acre Lot
  • Central Heating

Community Details

  • 32 Units

Listing and Financial Details

  • Assessor Parcel Number 5549-018-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 17450
  • Stories: 3
  • Year Built: 1958
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 335.24

Exterior Features

  • Pool: No

Garage/Parking

  • Covered Parking: 19
  • Total Parking: 22

Utilities

  • Heating: Central

Lot Info

  • Assessed Improvement Value: 1712801
  • Assessed Land Value: 1511295
  • Assessor Parcel Number: 5549-018-025
  • Lot Size Area: 15431

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
  • Gross Rent Multiplier: 8.96
  • Number Of Units: 32
  • Total Annual Expense: 212227
  • Type Of Units: 1+1 &Singles
  • Vacancy Rate: 2150

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
10/19/2012 10/19/12 Sold $5,693,673 -2.7% $326 / Sq Ft
06/25/2012 06/25/12 Pending -- -- --
05/09/2012 05/09/12 For Sale $5,850,000 -- $335 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Matthew Kanner

    Seller's Agent in 2012

    Matthew Kanner

    Keller Williams Realty Los Feliz

    (323) 300-1000

    18 Total Sales

    Section Image

  • R

    Buyer's Agent in 2012

    RAOUL AMESCUA

See All Agents

Map

Source: The MLS

MLS Number: 12-599493

The MLS

California Los Angeles County Los Angeles 90028 Hollywood Hills

6871 Franklin Ave, Los Angeles, CA

This home is located at 6871 Franklin Ave, Los Angeles, CA 90028 since 09 May 2012. This property was built in 1958. 6871 Franklin Ave is a home located in Los Angeles County with nearby schools including Gardner Street Elementary School, Hubert Howe Bancroft Middle School, and Hollywood Senior High School.

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