Step into the prestigious Laughlin Park neighborhood and discover a hidden gem awaiting its revival. The highly coveted 5231 Franklin is now available for the first time in almost five decades, offering five bedrooms, four bathrooms, and an impressively large lot that exudes potential. Elevated above the street and shrouded by trees, this once-grand home boasts the timeless charm and sophistication of its era. The entrance welcomes you with a classic pathway and a gate that opens to the famous Laughlin Park - a serene oasis in the heart of the bustling city. However, this property requires an inspired buyer with an eye for design and a passion for renovation. The interior is a blank canvas, waiting to be transformed into a breathtaking masterpiece. Every room needs work, and the home is in need of a complete overhaul. But the reward is great: the chance to create your own vision and restore this residence to its former glory. The potential is endless, limited only by your imagination. You could create an entertainer's paradise or a tranquil retreat, all while enjoying the lush surroundings that surround the property. 5231 Franklin is the perfect opportunity for those who appreciate the magic of restoration and the rewards of patience. Take advantage of this rare opportunity and create a legacy in one of Los Angeles' most sought-after neighborhoods.
Courtesy: Sotheby's International Realty
Grand home in between Loz Feliz, Atwater and Silverlake. Home has two levels. The top level offers spectacular views and is a 3 bedrooms 2 baths with a den. It has beautifully arched windows with view of Rowena Reservoir and the iconic Griffith Observatory. It offers a spacious living room with fireplace, a separate dining area, and a breakfast nook with galley kitchen. On the lower level you will find a one bedroom with one bath with additional bonus rooms. There are two ways to access the lower level, through the home or it's own designated entrance. This is perfect for extended family, studio, or workshop/office space. The home has a spacious front yard and side patio. Many trendy shops are walking distance away. Trader Joes is nearby on Hyperion. The location and privacy cannot be beat. This home also sits in the renowned Ivanhoe Elementary jurisdiction. Two car detached garage and plenty of street parking for guests. Needs some work but if done you will be walking into equity.
Motivated Seller! Here's your chance to make an offer on this fantastic property! This two-building triplex has been completely renovated from the ground up, all with proper permits. The front unit stands alone as a single-story building, boasting 3 bedrooms and 2 bathrooms. Meanwhile, the back building features a downstairs unit with 2 bedrooms and 1 bathroom, as well as an upstairs unit with the same layout. Each unit comes equipped with its own gas and electric meters, as well as convenient in-unit laundry hookups. Conveniently located, this property puts you right in the heart of the action. Within a mere 10-minute drive, you'll find yourself at iconic attractions such as the Walt Disney Concert Hall, Hollywood Bowl, and Dodger Stadium. Plus, with Kaiser Hospital on Sunset just a minute's walk away, you'll have peace of mind knowing that essential amenities are within reach. Whether you're a homeowner looking for an investment opportunity, a developer seeking their next project, or an investor ready to capitalize on a promising asset, this residential income property is a must-see! Don't let this opportunity pass you by!"
Los Angeles is located in California. Los Angeles, California 90027has a population of 3,949,776. Los Angeles 90027 is less family-centric than the surrounding county with 28.74% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Los Angeles, California 90027 is $54,501. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Los Angeles 90027 is 35.2 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 46.4 degrees. The average rainfall is approximately 16.7 inches per year, with 0 inches of snow per year.
