7000 Franklin Ave
Multifamily | 14 Units | $382,143/unit
Marketing description
7000 Franklin Ave is a 14-unit multifamily investment opportunity located at the high-visibility corner of Franklin Avenue and Orange Drive, at the base of the Hollywood Hills. Built in 1950 on a 10,106 SF LAR4-zoned corner lot, the property offers a compelling combination of in-place cash flow, unit reconfiguration upside, and long-term density optionality in one of Hollywood’s most supply-constrained rental corridors.
The asset benefits from strong frontage, walkability, and proximity to major employment centers, transit, and lifestyle amenities, positioning it well for continued rental demand from entertainment, media, and professional tenants.
This property may also be acquired individually or as part of a three-property Hollywood Foothills portfolio totaling 91 units across 1769 N Orange Dr, 1775 N Orange Dr, and 7000 Franklin Ave, offered at an aggregate price of $26,100,000.
Investment highlights
High-Visibility Corner Asset
Situated on a prominent corner lot, 7000 Franklin Ave commands strong street presence and visibility along Franklin Avenue, a key east–west corridor at the base of the Hollywood Hills. This exposure enhances leasing velocity, long-term land value, and future redevelopment optionality.Value-Add Through Unit Reconfiguration
The property includes a documented strategy to enhance yield through internal unit reconfiguration and split-style layouts, allowing an investor to materially increase income efficiency while remaining within the existing building envelope.Weighted Toward One-Bedroom Units
Approximately 70% of the unit mix is comprised of one-bedroom units, appealing to a broader renter demographic including dual-income couples and work-from-home professionals, supporting longer tenancies and reduced turnover.Separately Metered Utilities
The building features separately metered gas and electric, reducing landlord exposure to rising utility costs and supporting a leaner operating expense profile relative to older, master-metered assets.Covered Land Play with LAR4 Zoning
The LAR4 zoning and corner lot configuration provide long-term redevelopment and density optionality while allowing investors to benefit from current income and value-add execution in the near term.
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