6615 Franklin Avenue, Los Angeles, CA 90028

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
6615 Franklin Avenue,Los Angeles, CA 90028
$18,195,000
  • 86 Beds
  • 87 Baths
  • 65,746 sq. ft.
  • Multi-family
  • Active
Listed by: roderick 'rick' raymundo
Office: marcus & millichap818-212-2700
MLS#:26862229
Source:CRMLS

Price summary

  • Price:$18,195,000
  • Price per sq. ft.:$276.75

About this home

With current ownership implementing over $4 million in property improvements over the past five years, this offering allows a new investor to secure a heavily-remodeled asset while also enjoying substantial immediate cash flow. Available at an attractive 6.88% CAP Rate and 9.25 GRM based on in-place income, the property provides an already strong initial return while allowing for future revenue improvement by applying the same interior renovation blueprint to the remaining apartments in order to recapture the rent upside. Included in the property's expansive reimagining are more than $2 million in apartment interior upgrades, a revamped courtyard with a bocce ball court, a revitalized swimming pool with a BBQ area and outdoor bathroom, a new exterior facade, a renovated elevator, new electrical subpanels, plumbing upgrades, and a newly remodeled lobby. The current owner has also installed a RUBS program, allowing a landlord to collect utility reimbursements from tenants as another...

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Home facts

  • Year built:1962
  • Listing ID #:26862229
  • Added:1 day(s) ago
  • Updated:July 21, 2026 at 11:42 AM

Rooms and interior

  • Bedrooms:86
  • Total bathrooms:87
  • Living area:65,746 sq. ft.

Structure and exterior

  • Year built:1962
  • Building area:65,746 sq. ft.
  • Lot area:0.87 Acres

Finances and disclosures

  • Price:$18,195,000
  • Price per sq. ft.:$276.75

Parking

  • Total parking spaces:74
  • Parking description:Assigned
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