$1,875,000

5418 Franklin Avenue, Los Angeles, CA 90027

  • 6,556 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1923
  • Property Lot Size Icon10,454sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $286/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

This prime Los Feliz property, located adjacent to Hollywood Hills, offers a strong unit mix of two massive, townhouse-style three-bedroom units and four one-bedroom units. Three units will be delivered vacant, presenting immediate value-add or redevelopment potential. The front duplex features new electrical, plumbing, and roof, while the rear fourplex also has a new roof and updated plumbing. Situated on a large 10,590 SF lot with Tier 3 TOC incentives, the property includes one garage and six open parking spaces ideal for potential ADU conversion under SB1211. With eligibility for redevelopment through the CHIP Ordinance to build 50+ units or 70+ units through ED1, the land is very well priced at $177.05 per square foot. This is a rare opportunity for both short-term cash flow and long-term development upside in one of LA's most desirable neighborhoods. With three units delivered vacant and a large LAR3 lot with Tier 3 TOC incentives, this property offers immediate income potential alongside exceptional redevelopment opportunities through CHIP, ED1, or ADU conversion in a prime Los Feliz location.

Listing Status:
Pending
Date Added:
September 9, 2025 at 05:00AM
Listing Office:
Marcus & Millichap : 818-212-2700
Listing Agent:
Jason Tuvia : 818-212-2735
MLS ID:
CL25589823
  • Parking: Tandem
  • County: Los Angeles
  • Zoning: LAR35544006029

This listing courtesy of Jason Tuvia, Marcus & Millichap

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Grant Elementary School

1530 N Wilton Pl, Los Angeles, CA, 90028

Grades KG-6

0.48 miles away

R

Richard A. Alonzo Community Day

5755 Fountain Ave, Los Angeles, CA, 90028

Grades 7-12

0.81 miles away

H

Helen Bernstein High School

1309 N Wilton Pl, Los Angeles, CA, 90028

Grades 9-12

0.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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