6551 Franklin Avenue

Los Angeles, CA
$ 1,285,000 Beds 2 Baths 2
Monthly Estimate* How much can I afford?

REDUCED! 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 used as a Triplex. The Old Hollywood residence with a Granny Flat is surrounded by newer mid and high rise apartments. Walk Score rated this area a Walkers Paradise, so daily errands and other outings do not require a car. This lovely and rare house is a short 5 minute trek to the world famous Walk of Fame, where future residents can enjoy seeing all of the Hollywood commotion, access to the Metro Subway, enjoy fine-dining, fun nightlife and just about anything anyone could wish for. With all of the new developments coming to Hollywood, this area will always attract residents with good incomes. Legally one can build 7 units on this site, or take the TOC / Density Bonuses and build 14 units! The proximity to the Subway Station can help a future development with a lower parking ratio. The front house will be delivered vacant.

Income

  • Price
  • $ 1,285,000
  • Lot Size
  • 4,681 SqFt
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • Year Built
  • 1919
  • Half Bathrooms
  • 0
  • City, Zip
  • Los Angeles
  • County
  • LOS ANGELES
  • Style
  • Area
  • Sunset Strip - Hollywood Hills West
  • MLS#
  • 21707362
  • Zip
  • 90028
Listing Provided by: Dario Svidler with Compass.
Data Source: CRMLS

Features

General

Co-Listing Agent State License # 01986816
Garage Spaces 2
Garage Y/N Yes
Listing Agent Dario Svidler - BRE#01884474
Listing Agent State License 01884474
MLS Area C03 - Sunset Strip - Hollywood Hills West
Property Type Residential Income
Special Listing Conditions Standard
Total Units 2
Zoning [Q]R4-1VL Tier 3

Exterior Features

Lot Size Acres 0.1
Lot Size Area 4681
Lot Size Square Feet 4681
Lot Size Units Square Feet
Number of Buildings 2
Total Parking 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Newport Beach, CA office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/19/2021 Listed $1,400,000
4/29/2021 9% - $1,285,000

Property vs Zip Code Average in 90028

Price
AVG $3.37M
$1.29M
Visits
AVG 55
50
Year Built
AVG 1932
1919
Walkscore
AVG 92
95
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

6551 Franklin Avenue Los Angeles, CA is a Single Family Home for sale at $1285000 and a lot size of 4,681 SqFt Acre(s). 6551 Franklin Avenue Los Angeles has 2 bedrooms, 2 baths and was built in 1919. The property's zip code is 90028 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.