4310 Franklin Avenue

Los Angeles, CA 90027

$3,250,000
Price
8
Beds
9
Baths
5,283 Sq. Ft.
$615 / Sq. Ft.
5,283
Sq. Ft.
$615
per Sq. Ft.

Description

Wow! 1 Owner privately managed and cared for, for over 25 YEARS! This very unique property is a jewel perfectly positioned for an owner user given the large 3 bedroom 4 bath house or a fantastic 1031 property for those looking to acquire a prime location, income producing property with 26% rental upside. The asset consists of 1@3 bed 4 bath house with private deck- patio, 2@1+1 units built in 2003, 1@ 1+1 bungalow style unit which was tastefully remodeled in the last 3 years and 1@2+1 1/2 bungalow...Wow! 1 Owner privately managed and cared for, for over 25 YEARS! This very unique property is a jewel perfectly positioned for an owner user given the large 3 bedroom 4 bath house or a fantastic 1031 property for those looking to acquire a prime location, income producing property with 26% rental upside. The asset consists of 1@3 bed 4 bath house with private deck- patio, 2@1+1 units built in 2003, 1@ 1+1 bungalow style unit which was tastefully remodeled in the last 3 years and 1@2+1 1/2 bungalow spacious unit. all units feature central heat and air, copper plumbing, upgraded electrical, and more. Phenomenal rental market. Don't miss this opportunity. Centrally located, surrounded by phenomenal boutique restaurants, entertainment and public transportation.
  1. Listed by Joe Gonzalez • DRE #00896757 • Brokerage DRE #00896757 • Cal 1 Realty • 661-644-7048

Property Details for 4310 Franklin Avenue

Parking Spaces Total
2
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5283
Assessor Parcel Number
5591-023-010
Property Attached YN
true

Location

Listing Courtesy of Cal 1 Realty, Joe Gonzalez, DRE #00896757
Add your commute
LISTING UPDATED: 04/22/2024 12:14 PM

Property Details for 4310 Franklin Avenue

StatusActive
MLS #SR24062313
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
CountyLos Angeles County

Location

Listing Courtesy of Cal 1 Realty, Joe Gonzalez, DRE #00896757
Add your commute

Building Information for 4310 Franklin Avenue

Building/Complex4310 Franklin AveFloor-Stories2Residences-Pet Policy-Year Built1924Building Size-

Payment Calculator

$18,445 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,737

Property Taxes

$708

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4310 Franklin Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $165,792
  • Gross Scheduled Income: $162,492
  • Vacancy Allowance Rate: 2
  • Net Operating Income: $135,220
  • Laundry Income: $3,300
Expense Details
  • Operating Expense: $27,272
  • Operating Expense Percent: 11.00%
  • New Taxes Expense: $41,875
  • Gardener Expense: $1,020
  • Fuel Expense: $2,112
  • Licenses Expense: $280
  • Pest Control Expense: $1,620
  • Electric Expense: $1,068
  • Insurance Expense: $4,172
  • Maintenance Expense: $3,000
  • Professional Management Expense: $0
  • Trash Expense: $2,640
  • Water Sewer Expense: $2,448
  • Total Expenses: $57,535
Tax / Assessment Info
  • Tax Tract Number: 195...
  • Tax Census Tract: 1952.02
  • CFD/Mello-Roos Fee: $705
  • Tax Lot: 33
Community / Development
Community / Development
  • Community Features: Biking, Hiking, Park, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1st floor
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,059
  • Unit Type Total Rent: $3,059
  • Unit Type Pro Forma: 5500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,102
  • Unit Type Total Rent: $3,102
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,320
  • Unit Type Total Rent: $2,320
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,360
  • Unit Type Total Rent: $2,360
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 4310 Franklin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4310 Franklin Avenue

Taxable ValueLand$480,112Additions$169,878Total$649,990
Tax Record2023$8,501 ($708 / month)
Home Facts
Total Finished SqFt5,283 SqFtAbove Grade Finished SqFt5,283 SqFtLot Size9,459 SqFtStyleTriplexYear Built1924ZoningLAR2CountyLOS ANGELESAPN5591-023-010

Schools near 4310 Franklin Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Franklin Avenue Elementary School
PublicK to 6

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4310 Franklin Avenue is a multi-family home for sale in Los Angeles, CA 90027. This property was listed for sale on April 7, 2023 by Cal 1 Realty, it's currently listed at $3,250,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Franklin Avenue Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 4310 Franklin Avenue is a 8-bed, 9-bath, 5,283 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cal 1 Realty, Joe Gonzalez, DRE #00896757

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.