ActiveResidential · sale

5815 Franklin Avenue

Los Angeles, CA 90028

$1,050,000

  • 3 beds
  • 3 baths
  • 1,713 sq ft
  • 0.08 acres
  • Built 1911

Listed by Keller Williams Larchmont · MLS #26866983

A FEW THINGS TO NOTICE

What stands out.

Additional spaces

2/2 Single-family home + 1/1 Guest Suite.

Living spaces

The main home features an updated gourmet kitchen, two private balconies, multiple outdoor patio spaces, and thoughtful upgrades throughout.

Details worth a look

Two balconies and a patio create a natural flow between indoor and outdoor living, ideal for morning coffee, evening dining, or entertaining under the California sky.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

2/2 Single-family home + 1/1 Guest Suite. Tucked in the heart of Franklin Village/Los Feliz, one of Hollywood's most distinctive residential pockets, this renovated single-family home offers a rare combination of character, flexibility, and location. The main home features an updated gourmet kitchen, two private balconies, multiple outdoor patio spaces, and thoughtful upgrades throughout. Plenty of off-street parking rounds out a property that is as practical as it is charming. The second floor functions as a fully self-contained guest suite with its own separate entrance. It's currently configured as an independent unit and offers strong ADU potential for buyers looking to offset carrying costs. The two levels can also be combined into one expansive single-family home, making this an equally compelling option for buyers who simply want the space. Live in the entire home, use the suite for guests or extended family, or explore the ADU conversion. The outdoor spaces are an extension of the home's charm. Two balconies and a patio create a natural flow between indoor and outdoor living, ideal for morning coffee, evening dining, or entertaining under the California sky. Franklin Village/Los Feliz is one of Hollywood's most established and character-rich micro-neighborhoods, sitting at the base of Beachwood Canyon just below the Hollywood Sign. The area's distinct village character sets it apart from the broader Hollywood corridor. Birds, Bourgeois Pig, La Poubelle Bistro, and Counterpoint Books & Records are all moments from the front door, as are Bronson Canyon Park and the trails of Griffith Park. The Hollywood/Vine Metro station provides access across the city, and the 101 Freeway is nearby for commuting.

Upcoming open houses

–12:00 am · Confirm the schedule with the listing team.

THE NEIGHBORHOOD

Explore the location.

5815 Franklin Avenue, Los Angeles, CA 90028

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1911
Full baths
1
Half baths
0
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,Refrigerator,Dryer,Washer
Flooring
Wood
Pool
No
Pool features
None
Spa
No
Zoning
LAR1
Parcel
5587016035

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$4,375.00
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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5815 Franklin Avenue, Los Angeles, CA 90028 · MLS #26866983

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Listing information

MLS #26866983 · California Regional MLS

Listing brokerage: Keller Williams Larchmont
Listing agent: Tiffany Chin

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.