5418 Franklin

Los Angeles, CA, 90027
For Sale $1,875,000
  • 10beds
  • 6,556sqft
  • 0.24acre
Listing agent:
Jason Tuvia
License #01772495
Marcus & Millichap
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.

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5418 Franklin is a Residential Income property located in Los Angeles, California, featuring a 0.243 acre lot, 6,556 sqft, 10 bedrooms, MLS #25589823.

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Data last modified: 2025-09-09 21:03:10