6543 Franklin Ave

Few places carry the same immediate name recognition or intrigue as Hollywood. The neighborhood attracts a diverse mix of people from all over the globe to live and work in the world's creative capital. With its central location, modern amenities, and walkable scale as the "most walkable neighborhood" in Los Angeles, Hollywood has its own unique character that appeals to modern-day creatives. Known as the true entertainment capital of the world, Hollywood is a collection of meaningful, enduring, and iconic places. This district within the city of Los Angeles, California, is located northwest of downtown Los Angeles, it is bounded by Hyperion Avenue and Riverside Drive (east), Beverly Boulevard (south), the foothills of the Santa Monica Mountains (north), and Beverly Hills (west). After years of limited development, the city is BOOMING. It is now a model of urban revitalization bringing together educational, retail, hospitality and residential properties to an eclectic neighborhood. The area benefits from its proximity to a wide variety of major employers. In the immediate area are Capitol Records, Paramount Pictures, Kaiser Permanente, Hollywood Presbyterian Medical Center, Ticketmaster, Universal City Studios, Disney and Warner Bros. As Such, residents have easy access to myriad jobs in the entertainment industry as well as the health care sector. Additionally, Hollywood offers easy commutes to major nearby employment hubs in Downtown Los Angeles, West Lost Angeles, and the San Fernando Valley.Arbor Realty Capital Advisors is pleased to offer the opportunity to acquire the Franklin Skyline Apartments. 6543 Franklin Avenue is a meticulously maintained 27-unit multifamily property in Hollywood, recognized globally as one of Los Angeles’ most dynamic and sought-after submarkets. Perfectly located in the heart of Hollywood, north of Hollywood Boulevard and west of Cahuenga Boulevard, the property gives way to unparalleled access to Los Angeles’ premier entertainment, nightlife, and cultural destinations. This location is a “Walker’s Paradise” with a score of 96 out of 100. Residents enjoy proximity to the Hollywood Bowl, Sunset Boulevard, Runyon Canyon, public transit, and major employers in the media, tech, and entertainment sectors. The property is being made available for the first time by the family of the original developer. Built in 1990, this five (5) story, pride-of-ownership asset remains in pristine condition, with ±20,496 SF of improvements and sits on an 11,404 SF lot. This luxury building has an exceptional unit mix, including (22) One-Bedroom / One-Bath Units, (2) One-Bedroom / One-Bath Townhomes, (1) Two-Bedroom / One-Bath Penthouse and (2) Two-Bedroom / Two-Bath Penthouses. The penthouse units offer spectacular views and quality interior appointments, which further enhance the property's appeal. Most of the units have been thoughtfully renovated, featuring many high end features like stone counters, hardwood floors, designer tile, LED lighting, stainless steel appliances, custom cabinets, AC and large modern bathrooms. Some units have terraces with breathtaking views that stretch across all of Hollywood. In addition, residents enjoy secured lobby entry, three levels of assigned parking with 43 spaces, on-site laundry facilities, a tenant lounge, a sundeck, two BBQ areas and two large furnished common area courtyards. This offering will appeal to any investor looking for a clean, turn-key property with consistent stable occupancy in a world renown Hollywood location.