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5667 Franklin Ave 7 Unit Apartment Building $2,265,884 CAD ($323,698 CAD/Unit) 6.02% Cap Rate Los Angeles, CA 90028
Investment Highlights
- Prime Franklin Park location
- Six one-bedroom units and a separate three-bedroom casita, many updated with modern finishes.
- Approximately 20% rental upside from current rent roll, providing a clear value-add opportunity.
- Many upgrades to systems
- Fully upgraded electrical system and other major system improvements over time.
- Close to major attractions like Griffith Observatory and convenient access to the 101 Freeway.
Executive Summary
$50,000 Price Reduction!!!Location! Location! Location! Prime Investment Property in Prime Hollywood Grove area. Property boast 6 Large 1 bedroom and and a 3 Bedroom in the back. Many of the units have fully updated over the years. Electric has been fully upgraded. Approx 20% upside on current rents. Professionally Managed. Near all of Hollywood, Griffith Observatory, the 101 FWY, Franklin boutique shopping and More. Please call listing agent for more details. Please do not disturb tenants
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$205,019
|
$37.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$205,019
|
$37.83
|
| Taxes |
$29,194
|
$5.39
|
| Operating Expenses |
$41,583
|
$7.67
|
| Total Expenses |
$70,778
|
$13.06
|
| Net Operating Income |
$134,241
|
$24.77
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $205,019 |
| Annual Per SF | $37.83 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $205,019 |
| Annual Per SF | $37.83 |
| Taxes (CAD) | |
|---|---|
| Annual | $29,194 |
| Annual Per SF | $5.39 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $41,583 |
| Annual Per SF | $7.67 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $70,778 |
| Annual Per SF | $13.06 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $134,241 |
| Annual Per SF | $24.77 |
Property Facts
| Price | $2,265,884 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $323,698 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.02% | Building Size | 5,420 SF |
| Gross Rent Multiplier | 10.78 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1919 |
| Property Subtype | Apartment | Parking Ratio | 0.41/1,000 SF |
| Zoning | LAR1 | ||
| Price | $2,265,884 CAD |
| Price Per Unit | $323,698 CAD |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| Gross Rent Multiplier | 10.78 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,420 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1919 |
| Parking Ratio | 0.41/1,000 SF |
| Zoning | LAR1 |
Amenities
Unit Amenities
- Kitchen
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,623 CAD | - |
| 1+1 | 6 | $14,877 CAD | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5587-019-002 | Total Assessment | $2,741,427 CAD |
| Land Assessment | $1,235,573 CAD | Annual Taxes | $29,194 CAD ($5.39 CAD/SF) |
| Improvements Assessment | $1,505,855 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5587-019-002
Land Assessment
$1,235,573 CAD
Improvements Assessment
$1,505,855 CAD
Total Assessment
$2,741,427 CAD
Annual Taxes
$29,194 CAD ($5.39 CAD/SF)
Tax Year
2025
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JRM Properties
5667 Franklin Ave
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