6551 Franklin Avenue

Los Angeles, CA 90068

$1,400,000
Price
3
Beds
3
Baths
1,966 Sq. Ft.
$712 / Sq. Ft.
1,966
Sq. Ft.
$712
per Sq. Ft.

Description

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...

Property Details for 6551 Franklin Avenue

Zoning
[Q]R4-1VL Tier 3
Year Built Numeric
1919

Location

Listing Courtesy of Compass, Dario Svidler, DRE #01884474; Compass, Almog Strikowski, DRE #01986816

Property Details for 6551 Franklin Avenue

StatusActive
MLS #21-707362
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1919
Lot Size0.11 AC / 4,681 SF
CountyLos Angeles County

Listing Agent

Contact Agent(s)

Location

Listing Courtesy of Compass, Dario Svidler, DRE #01884474; Compass, Almog Strikowski, DRE #01986816

Listing Agents

  1. Dario Svidler

    Dario Svidler

    Listing Agent

    Compass

    DRE #01884474

  2. Almog Strikowski

    Almog Strikowski

    Alternative Listing Agent

    Compass

    DRE #01986816

Building Information for 6551 Franklin Avenue

Stories-Residences-Year Built1919Building Size-Lot Size0.11 AC / 4,681 SF

Payment Calculator

$4,692 per month

30 year fixed, 2.95% Interest

Principal and Interest

$4,692

Property Taxes

HOA Dues

$0

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Property Information for 6551 Franklin Avenue

Summary
    Location and General Information
  • Directions: On Franklin Ave. between Highland Ave. and Cahuenga Blvd. Just south of the 101 Freeway.
  • Year Built Source: Vendor Enhanced
  • Zip 4: 4918
  • City: Los Angeles
  • Zip Code: 90028
  • County Or Parish: Los Angeles
  • Street Number Numeric: 6551
  • Street Name: Franklin
  • State: CA
    Parking
  • Garage Spaces Total: 2
  • Parking Garage: Garage Is Detached
  • Total Parking: 2
Property
    Property and Assessments
  • Assessed Improvement Percent: 40.3
  • Assessed Improvement Value: $302,638.00
  • Assessed Land Percent: 59.7
  • Assessed Land Value: $448,355.00
  • Assessed Total Value: $750,993.00
  • Assessor Parcel Number: 5575-005-013
  • Disclosures: As Is, Other
  • Source Living Area: Vendor Enhanced
  • Source Lot Size Area: Vendor Enhanced
  • Number Of Photos: 23
    Lot Information
  • Area: Sunset Strip - Hollywood Hills West (C03)
  • Lot Acreage: 0.1075
  • Other Structures: Other
  • Service Level: Full Service
  • Living Area: 1966
  • Lot Size Area: 4681
Interior and Exterior Features
    Interior Features
  • Baths Total: 3.0
  • Equipment: Other
  • Number Of Stories: 0
  • Beds Total: 3
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Income: $0
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Total Annual Expense: 0
    Unit Information
  • Type Of Units: House&Single
  • Unit Type Type: 2106, 2107
    Unit 1 Information
  • Unit Beds1: 3
  • Unit Baths1: 2
  • Unit Projected Rent1: $4,000.00
  • Unit Actual Rent1: $.00
  • Unit Furnished1: No
  • Like Units1: 1
  • Unit Rent1: $.00
    Unit 2 Information
  • Unit Projected Rent2: $1,900.00
  • Unit Furnished2: No
  • Like Units2: 1
  • Unit Rent2: $1,000.00
  • Unit Beds2: 0
  • Unit Baths2: 1
  • Unit Actual Rent2: $1,000.00
Rental
    Rental Information
  • Vacancy Rate: 50%
  • Gross Rent Multiplier: $.00
  • Number Of Buildings: 2
  • Number Of Units: 2
  • Rent Control: Yes

Property History for 6551 Franklin Ave

DateEvent & SourcePriceAppreciation
Apr 8, 2021

Listed (Active)

CLAW #21-716724

$1,399,000
Apr 8, 2021

Listed (Active)

CRMLS #21716724

$1,399,000
Mar 18, 2021

Listed (Active)

CRMLS #21707362

$1,400,000
DateEvent & SourcePrice
04/08/2021

Listed (Active)

CLAW #21-716724

$1,399,000
04/08/2021

Listed (Active)

CRMLS #21716724

$1,399,000
03/18/2021

Listed (Active)

CRMLS #21707362

$1,400,000

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

Public Records for 6551 Franklin Avenue

Taxable ValueLand$448,355Additions$302,638Total$750,993
Tax Record2020$9,465 ($789 / month)
Home Facts
Total Finished SqFt1,966 SqFtAbove Grade Finished SqFt1,966 SqFtLot Size4,681 SqFtStyleTriplexYear Built1919Year Renovated1925ZoningLAR4CountyLOS ANGELESAPN5575005013

Schools near 6551 Franklin Avenue


SchoolTypeGradesDistanceRating
Oaks, ThePrivateK-60.4 mi
NR
Larchmont Charter SchoolCharterK-120.4 mi
8
Selma Avenue Elementary SchoolPublicK-60.4 mi
4
Blessed Sacrament SchoolPrivatePK-80.5 mi
NR

Oaks, The

K-6, 0.4 mi, Private

NR

Larchmont Charter School

K-12, 0.4 mi, Charter

8

Selma Avenue Elementary School

K-6, 0.4 mi, Public

4

Blessed Sacrament School

PK-8, 0.5 mi, Private

NR

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.

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Similar Sold Homes

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6551 Franklin Avenue is a multi-family home for sale in Los Angeles, CA 90068. This property was listed for sale on March 18, 2021 by Compass at $1,400,000. It has been on the market for a total of 29 days and was last sold on September 30, 2013. This listing's school district is Los Angeles Unified School District. Nearby schools include Oaks, The, Larchmont Charter School and Selma Avenue Elementary School. 6551 Franklin Avenue is a 3-bed, 3-bath, 1,966 sqft multi-family home built in 1919. This address can also be written as 6551 Franklin Ave.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of Compass, Dario Svidler, DRE #01884474; Compass, Almog Strikowski, DRE #01986816

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association 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 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.