Discover an exceptional investment opportunity in Hollywood, CA, just steps from vibrant Franklin Village! This 4,392-sq-ft, 4-unit property, features four spacious 2-bedroom, 1-bath units, all vacant and primed for customization and top of the market rents. It is situated a large lot for potential future expansion and/or parking. Nestled in one of Hollywood’s most prestigious neighborhoods, it offers unparalleled access to world-class dining, trendy nightlife, top-tier schools, employment hubs, and iconic entertainment like the Hollywood Walk of Fame. The adjacent property, with the same footprint but configured as an 8-unit, sold for $1.95M earlier this year—secure city approval to transform this gem into an 8-unit powerhouse for maximum returns. Ideal for savvy investors seeking a buy-and-hold or redevelopment project, this property promises strong rental income in a high-demand market. With its prime location and untapped potential, this is a rare find in Hollywood’s thriving real estate scene. All units will be delivered vacant.
Sold for $1,700,000
Listed by: eXp Realty of California Inc • Troy Reed • Contact: 888-584-9427
Bought with: eXp Realty of California Inc
$1,700,000
5969 Franklin Ave, Los Angeles, CA 90028
8beds
4baths
4,392sqft
Quadruplex
Built in 1916
-- sqft lot
$1,699,000 Zestimate®
$387/sqft
$2,842 Estimated rent
Home value
$1,699,000
$1.55M - $1.87M
$2,842/mo
Zestimate® history
Owner options
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$2,842/mo
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$2,842/mo
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$10,896/mo
Est. payment
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$10,896/mo
Est. payment
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Large lotPotential future expansion
Zillow last checked:
Listing updated:
Listed by:
Troy Reed DRE #01492776 714476-0639,
eXp Realty of California Inc
Bought with:
William Lenocker, DRE #01357888
eXp Realty of California Inc
Source: CRMLS,MLS#: PW25196034
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Rooms
- Room types: Bonus Room, Family Room
Heating
- Floor Furnace
Cooling
- None
Appliances
- Laundry: Inside
Features
- Built-in Features, Ceiling Fan(s), Crown Molding, Storage
- Flooring: Vinyl, Wood
- Has fireplace: Yes
- Fireplace features: Gas
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 4,392
- Total interior livable area: 4,392 sqft
Property
Parking
- Total spaces: 6
- Parking features: Door-Single, Garage, One Space
- Garage spaces: 3
- Uncovered spaces: 3
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Chain Link,Wood
- Has view: Yes
- View description: City Lights
Lot
- Size: 7,503 Square Feet
- Features: Front Yard
Details
- Parcel number: 5586014005
- Zoning: LAR3
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Flat,Shingle
Condition
- Fixer
- New construction: No
- Year built: 1916
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Street Lights, Sidewalks, Urban
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $387/sqft
- Tax assessed value: $116,397
- Annual tax amount: $824
- Date on market: 9/9/2025
- Cumulative days on market: 21 days
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2025 | Sold | $1,700,000-10.5%$387/sqft |
Source:  CRMLS #PW25196034 Report a problem | ||
| 10/12/2025 | Pending sale | $1,900,000$433/sqft |
Source: CRMLS #PW25196034 Report a problem | ||
| 10/7/2025 | Contingent | $1,900,000$433/sqft |
Source: CRMLS #PW25196034 Report a problem | ||
| 9/9/2025 | Listed for sale | $1,900,000$433/sqft |
Source: CRMLS #PW25196034 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $824 +14.1% | $116,397 +2% |
| 2024 | $722 +0% | $114,116 +2% |
| 2023 | $722 +1.3% | $111,880 +2% |
| 2022 | $713 +4.9% | $109,687 +2% |
| 2021 | $680 +0.9% | $107,538 +1% |
| 2020 | $674 | $106,436 +2% |
| 2019 | $674 +19.1% | $104,350 +2% |
| 2018 | $566 | $102,305 +2% |
| 2017 | $566 +0.6% | $100,300 +2% |
| 2016 | $562 +13.3% | $98,334 +1.5% |
| 2015 | $496 -5.9% | $96,857 +2% |
| 2014 | $527 | $94,961 +2.5% |
| 2012 | -- | $92,680 +2% |
| 2011 | -- | $90,863 +0.8% |
| 2010 | -- | $90,185 -0.2% |
| 2009 | -- | $90,400 +2% |
| 2008 | -- | $88,628 +2% |
| 2007 | -- | $86,891 +2% |
| 2006 | -- | $85,188 |
| 2005 | -- | $85,188 +4% |
| 2004 | -- | $81,881 +1.9% |
| 2003 | -- | $80,381 +2% |
| 2002 | -- | $78,806 +4% |
| 2000 | -- | $75,748 |
Find assessor info on the county website
Neighborhood: Hollywood Hills
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Nearby schools
GreatSchools rating
- 6/10Cheremoya Avenue Elementary SchoolGrades: K-5Distance: 0.1 mi
- 3/10Joseph Le Conte Middle SchoolGrades: 6-8Distance: 0.8 mi
- 8/10Hollywood Senior High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$1,699,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,699,000
- California
- Los Angeles County
- Los Angeles
- 90028
- Hollywood Hills
- 5969 Franklin Ave
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