Property listed by Marcus & Millichap, Michael Sterman 818-212-2700
$1,095,000
We are pleased to present 5665 Franklin Avenue, a 5-unit apartment community located in the vibrant and highly sought-after Hollywood submarket ofLos Angeles. Built in 1961, the property offers approximately 5,286 square feet of rentable living area on a 5,324-square-foot lot, delivering investors an exceptionally located asset in one of… Read More the city's most enduring and high-demand rental pockets. This boutique building features a practical and desirable unit mix supported by spacious layouts, abundant natural light, and the lasting structural quality characteristic of midcentury construction. These attributes contribute to strong tenant appeal, consistent occupancy, and operational stability, while still presenting clear avenues for modernization and value-add improvements to further enhance long-term returns.5665 Franklin Avenue enjoys a premier Hollywood location, nestled between Beachwood Canyon, LosFeliz, and the Hollywood Entertainment District. Residents benefit from immediate proximity to major employment centers, including Netflix, Paramount Studios, Sunset Gower Studios, and the broader Hollywood media and creative office hub. The property is surrounded by a diverse and expanding collection of restaurants, cafes, retail amenities, and neighborhood conveniences along Franklin Avenue and Hollywood Boulevard. Connectivity remains a defining advantage, with the property situated near the US101 Freeway and within close reach of multiple Metro stations, providing seamless access throughout Greater LosAngeles. The combination of transit accessibility, lifestyle amenities, and employment density continues to position Hollywood as one of the region's most reliably strong rental markets. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
13
Square Ft.
5,286
Lot Size
0.12 Acres
Year Built
1961
MLS Number
26665685
Additional Details
Building
Built in 1961, Living area: 5286.0, 1 building, 2 stories, Levels: Two
Income
Gross Income: $81,027, Net Operating Income: $40,001
Lot
0.1222 acres
Parking
5 total parking spaces, Carport
Taxes
Parcel Number: 5587019003, Zoning: LAR1
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Based on information from California Regional Multiple Listing Service, Inc. as of 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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