5520 & 5528 Franklin Ave, this 10-unit multifamily offering Two separate Building with two individual APN numbers, Great opportunity for a Developer or an investor to add value and choose their own tenants and rent amount, property will be delivered with 7 vacant units and 3 occupied units, RTI to convert 4 of the units to 2 bedroom, 5520 has six units 4 apartment plus 2 Guest rooms which will have two Apartment vacant and one Guest room Vacant, 5528 Franklin Is 4plex and entirely Vacant. The property is close by to Franklin Village Restaurant and shops, multiple huge new Developments close by such as Valero Gas station on Western and Franklin turning to Brand new 89 units plus commercial, High demand area, close to Metro line and 101 Free way, With a pro forma 12.7 cap rate of 5.4 %, this asset offers a unique opportunity to re position and capture a significant upside in rents. Total Sqft of the building 6912 Sqft & lot Size 9535 Zone R3 Tier 3, Properties sold together $2,995,000.
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Listing Courtesy ofKeller Williams Realty Westside