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6061 Franklin Ave
6061 Franklin Ave, Los Angeles, CA 90028, USA
$2,400,000
CLOSED
November 4, 2025
SALE PRICE
$2,400,000
UNITS
12
PRICE PER UNIT
$200,000
PRICE PER SF
$391.39
CAP RATE
7.34%
GRM
9.4
Deal Story
Selling Agent
The Tuvia Group successfully closed 6061 Franklin Avenue, a multifamily property in the Hollywood Hills, at over $450 per square foot—the second-highest price per square foot for an RSO property in the 90028 ZIP code that year. Despite being under-parked and located adjacent to a gas station, the property attracted strong buyer interest and ultimately sold to a 1031 exchange buyer. Multiple vacant one-bedroom units provided additional value-add potential, while the seller used the transaction to exchange into a single-tenant NNN property.
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