Los Angeles, CA 90027 4253 Franklin Avenue

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Presented By: Rickird Rey Ramirez with Ally Commercial Real Estate;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# DW25025911
  • 02/04/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 8
  • Baths • 4
  • SQFT • 4,954
  • Garage • 6

Home Details

4 townhome style units in Los Feliz. 4254 Franklin Ave was constructed in 1929 and consists of 2 vintage Spanish style duplexes. The unit mix consists of four very spacious 2 bed + 1 bath units units. All units have hardwood floors and individual private patio spaces with tile floors. Each unit has one assigned private parking space plus private parking for two additional vehicles. Franklin is located on a corner lot with great exposure in the one of the most desirable pockets of Los Feliz and walkable to many local amenities on Hillhurst Ave which is named one of the hottest spots in LA for local eateries, trendy cafes and boutique shops. Very close proximity to Griffith Park and within boundaries of Franklin Elementary School. The subject property has significant upside left in the rents and the property could make for a potential Tenants in Common (TIC), Condo Conversion and/or ADU implementation, buyer to verify. Ideal for owner-occupiers, value-add investors or builders alike! It’s rare to find such an opportunity with several exit strategies.
Presented By: Rickird Rey Ramirez with Ally Commercial Real Estate;

Interior Features for 4253 Franklin Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Interior AmenitiesBalcony, AllBedroomsDown
Laundry FeaturesInside, LaundryRoom
Total Stories1

Other Rooms

Entry Level1

General for 4253 Franklin Avenue

Additional Parcels Y/NNo
Architectural StyleSpanish
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
CoolingWallWindowUnits
CountyLos Angeles
DirectionsON THE CORNER OF FRNAKLIN AND TALMADGE ST.
Electric Expense300.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces6.0
Garage Y/NYes
Gross Income171012.0
HOANo
HOA Fee$0.0
HeatingFloorFurnace
Home Warranty Y/NNo
Insurance Expense4954.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet6229.0
Lot Size UnitsSquareFeet
MLS Area637 - Los Feliz
MobileHomeRemainsYNNo
Net Operating Income115470.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense50411.0
Other StructuresSecondGarage
Pool FeaturesNone
Property Attached Y/NNo
Property ConditionRepairsCosmetic
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofTile
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot39
Trash Expense0.0
UtilitiesNaturalGasConnected, SewerConnected, WaterConnected
Water Sewer Expense3540.0
Waterfront Y/NNo
Year Built1929
Year Built SourceAssessor
ZoningLAR1

Exterior for 4253 Franklin Avenue

Building Area Total4954.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions6, 226
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.143
Lot Size Area6229.0
Lot Size SourceAssessor
LotDimensionsSourceBuilder
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDoorMulti, DoorSingle, Garage, GarageFacesSide
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,895,000
MLS#DW25025911
List Date 02/04/2025
Property Type Multi-Family
Phone 714.742.6515
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