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$1,700,000

  • Sold
  • Closed
  • Multi-Family
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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.

Full Property Details for 5969 Franklin Ave

General

  • Sold For: $1,700,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW25196034
  • Added to Site: 155 day(s) ago

Interior

  • Rooms/Areas: Bonus Room, Family Room
  • Interior Features: Built-in Features, Ceiling Fan(s), Crown Molding, Storage
  • Fireplace(s): Gas
  • Flooring: Vinyl, Wood

Rooms

Other Rooms

  • Laundry: Inside

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 3
  • Parking Features: Garage (Single Door), Parking Space
  • Parking: Garage (Single Door), Parking Space

Location

  • Area: C20 - Hollywood
  • County: Los Angeles
  • Development Name: C20 - Hollywood
  • Driving Directions: 101 Freeway off Beachwod, right on Franklin

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Floor Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 4

Structural Information

  • Architectural Style: Victorian
  • Roof: Flat, Shingle
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 4,392
  • Year Built: 1916

Unit Information

Unit 1

  • Number of Units: 4
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: City Lights
  • Lot Size (Acres): 0.1722
  • Lot Size Source: Assessor
  • Zoning: LAR3
  • Lot Description: Front Yard

Financial Considerations

  • Price Per Sq. Ft.: $387.07
  • Price Per Unit: 475000

Listed by eXp Realty of California Inc, Troy Reed
Sold by eXp Realty of California Inc, William Lenocker

Listing agent

— 5969 Franklin Ave —

  • Troy Reed

    eXp Realty of California Inc

714 476-0639

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5969 Franklin Ave

School District:Los Angeles Unified School District
NameGradesDistance
Cheremoya Avenue Elementary School
6017 Franklin Avenue, Los Angeles, CA 90028
PK-60.1 mi
Joseph Le Conte Middle School
1316 N. Bronson Ave., Los Angeles, CA 90028
6-80.7 mi
Hollywood Senior High School
1521 Highland Avenue, Los Angeles, CA 90028
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5969 Franklin Ave

Date
Details
Price
Change
Source
10/16/2025
Sold
$1,700,000
-10.53%
MLS
9/09/2025
Listed
$1,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by eXp Realty of California Inc, Troy Reed
Sold by eXp Realty of California Inc, William Lenocker

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5969 Franklin Avenue, Los Angeles, CA 90028 (MLS# PW25196034) is a Multi-Family property that was sold at $1,700,000 on October 16, 2025. Want to learn more about 5969 Franklin Avenue? Do you have questions about finding other Multi-Family real estate for sale in Hollywood? You can browse all Hollywood real estate or contact a Coldwell Banker agent to request more information.