Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

3,195 sqft

Lot size

6,004 sqft

Year built

1955

Stories

3

Style

Mid Century Modern

Heating

Heat Pump

Cooling

Wall/Window Unit(s),Heat Pump

Pool

None

View

City Lights

Status

Active

Days on market

129

MLS #

246240491

About this property

Four well-maintained units present a compelling investment opportunity in the heart of Franklin Hills, one of Los Angeles' most character-rich and centrally located neighborhoods. The property includes a 1955-built triplex and an attached studio ADU constructed in 2022, delivered vacant at close of escrow, offering flexibility for an owner-user or rental income. Owned and carefully maintained by the same family for 35 years, the building reflects thoughtful stewardship and enduring quality. The main structure showcases classic Mid-Century design with clean lines, functional layout, horizontal balcony lines, and integrated garages typical of post-war LA construction. Two units feature private balconies with elevated city views. Three units have hardwood floors, and all units feature updated plumbing and individual tankless water heaters. Separate electrical and gas meters, garage, and additional off-street parking enhance operational efficiency and convenience. Franklin Hills offers easy access to neighborhood dining and coffee along Hillhurst Avenue including Alcove Cafe & Bakery, Little Dom's, Maru Coffee, and All Time as well as everyday conveniences like Trader Joe's and Gelson's Market. Griffith Park and the Griffith Observatory are nearby for outdoor recreation. The spacious backyard, accessible to the rear unit, was graded and includes a permitted retaining wall, providing potential for an additional ADU to increase income or property value. Agent and seller make no guarantees regarding ADU feasibility. Buyer to conduct their own due diligence. Centrally located near Hollywood and Los Feliz with convenient access to major thoroughfares, this Franklin Hills four-unit property offers a rare opportunity to own a well-located Mid-Century asset with both income and owner-user flexibility.

Location

4211 Franklin Avenue

Los Angeles, Los Angeles, CA, 90027