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    6551 Franklin Avenue

    Los Angeles (City), CA 90028
    • $1,285,000
    • STATUS: Active
    • ON SITE: 55 days
    • ID#: 21707362
    Price Reduced
    UPDATED: 216 min ago
    $1,285,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,966
      SQFT
    • $654
      $/SQFT
    Type:
    Multi-Family
    Built:
    1919
    County:

    School Ratings & Info

    Description

    REDUCED! Presented for sale is a lovely Duplex with a great Development Opportunity in the Hollywood Hills that is ready to start entitlements. The 4,680 SF [Q]R4-1VL Tier 3 lot, is located on Franklin Ave., between Highland Ave. & Cahuenga Blvd. With easy access to the 101 freeway, this central location makes a commute to Downtown Los Angeles or anywhere in Los Angeles a breeze. Currently, the Front unit is a 3 bed + 2 bath house and the Back unit is a studio above a garage. At one time, the property was used as a Triplex. The Old Hollywood residence with a Granny Flat is surrounded by newer mid and high rise apartments. Walk Score rated this area a Walkers Paradise, so daily errands and other outings do not require a car. This lovely and rare house is a short 5 minute trek to the world famous Walk of Fame, where future residents can enjoy seeing all of the Hollywood commotion, access to the Metro Subway, enjoy fine-dining, fun nightlife and just about anything anyone could wish for. With all of the new developments coming to Hollywood, this area will always attract residents with good incomes. Legally one can build 7 units on this site, or take the TOC / Density Bonuses and build 14 units! The proximity to the Subway Station can help a future development with a lower parking ratio. The front house will be delivered vacant.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T00:35:05.513. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
    www.myorangecountyhomesearcher.com/homes/115251348
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    6551 Franklin Avenue Los Angeles (City), CA 90028

    • Price: $1,285,000
    • Status: Active
    • Updated: 216 min ago
    • ID#: 21707362
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1,966
    SQFT
    $654
    $/SQFT
    1919
    Built
    Neighborhood:
    C03 - Sunset Strip - Hollywood Hills West
    County:
    Los Angeles
    Area:
    C03 - Sunset Strip - Hollywood Hills West
    Property Description
    REDUCED! Presented for sale is a lovely Duplex with a great Development Opportunity in the Hollywood Hills that is ready to start entitlements. The 4,680 SF [Q]R4-1VL Tier 3 lot, is located on Franklin Ave., between Highland Ave. & Cahuenga Blvd. With easy access to the 101 freeway, this central location makes a commute to Downtown Los Angeles or anywhere in Los Angeles a breeze. Currently, the Front unit is a 3 bed + 2 bath house and the Back unit is a studio above a garage. At one time, the property was used as a Triplex. The Old Hollywood residence with a Granny Flat is surrounded by newer mid and high rise apartments. Walk Score rated this area a Walkers Paradise, so daily errands and other outings do not require a car. This lovely and rare house is a short 5 minute trek to the world famous Walk of Fame, where future residents can enjoy seeing all of the Hollywood commotion, access to the Metro Subway, enjoy fine-dining, fun nightlife and just about anything anyone could wish for. With all of the new developments coming to Hollywood, this area will always attract residents with good incomes. Legally one can build 7 units on this site, or take the TOC / Density Bonuses and build 14 units! The proximity to the Subway Station can help a future development with a lower parking ratio. The front house will be delivered vacant.
    Exterior Features

    Parking Total 2

    Property Features

    Garage YN Yes Gross Income 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 0 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning [Q]R4-1Vl Tier 3

    Listing provided courtesy of Dario Svidler of Compass and Almog Strikowski of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T00:35:05.513. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
     
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