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 on 10/16/25
Listing Provided by:
Troy Reed DRE #01492776 714476-0639,
eXp Realty of California Inc
Bought with: eXp Realty of California Inc
$1,700,000
5969 Franklin Ave, Los Angeles, CA 90028
16beds
8baths
4,392sqft
Quadruplex
Built in 1916
-- sqft lot
$1,685,300 Zestimate®
$387/sqft
$2,314 Estimated rent
Home value
$1,685,300
$1.53M - $1.85M
$2,314/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 16, 2025 at 01:49pm
Listing Provided 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: 16
- Bathrooms: 8
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 sqft
- 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 & neighborhood
Community
- Community features: Street Lights, Sidewalks, Urban
Location
- Region: Los Angeles
Other
Other facts
- 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 | ||
| 10/12/2025 | Pending sale | $1,900,000$433/sqft |
Source: CRMLS #PW25196034 | ||
| 10/7/2025 | Contingent | $1,900,000$433/sqft |
Source: CRMLS #PW25196034 | ||
| 9/9/2025 | Listed for sale | $1,900,000$433/sqft |
Source: CRMLS #PW25196034 | ||
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% |
Find assessor info on the county website
Neighborhood: Hollywood Hills
Nearby schools
GreatSchools rating
- 3/10Cheremoya Avenue Elementary SchoolGrades: K-5Distance: 0.1 mi
- 4/10Joseph Le Conte Middle SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Hollywood Senior High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$1,685,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,685,300