$2,295,000
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.
Click to interact with map
Listed by Joseph Fouad with Coldwell Banker Realty (626) 584-0050
Property Type
Residential Income
Status
Active
MLS Number
26652037
Year Built
1955
Lot Size
6,003 sq ft