Multifamily Apartment
For Sale
$24,000,000
7230 Franklin Ave, Los Angeles, CA 90046
For sale 80-unit multifamily apartment building in Los Angeles’ 90046 ZIP code.
Property Size70,233 SF
Days on Market154
Property Features for 7230 Franklin Ave
General Information
Standard status
Active
Size
70,233 SF
Property subtype
Multifamily
Additional Details
Cap Rate
5.94%
Multifamily Units
80
Amenities
Efficient Unit Mix: 74 one-bedroom, one-bath units and 6 two-bedroom, one-bath units, catering to strong renter demand and supporting stable occupancy.
Structured Parking Garage: Subterranean parking with ample capacity adds significant value in dense urban settings and improves tenant convenience.
Modern Fitness Center: Fully equipped, on-site gym with equipment supporting tenant wellness, enhances lifestyle appeal, and drives resident retention.
Resort-Style Pool & Lounge: Resort-style pool area with surrounding lounge space creates a premium, community-oriented environment that boosts property desirability and rental competitiveness.
Modern, Designed Common Areas: Well-designed lobby and shared spaces provide a welcoming atmosphere, elevate the resident experience, and reinforce a high-quality, well-managed asset image.
Secure Package Locker System: On-site automated delivery lockers streamline package management, provide 24/7 secure access for residents, reduce theft risk, and enhance overall convenience.
Building Details
Building Size
70,233 SF
Units
80
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Tony Azzi · License #License(s): CA: 00910513
(310) 909-5454
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 8
Last Checked: Sep 2 at 1:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present the opportunity to acquire 7230 Franklin Ave, an 80-unit multifamily apartment building. This residential income property offers a straightforward 80-unit configuration for prospective buyers evaluating multifamily holdings.
The property is located in the 90046 ZIP code of Los Angeles, CA.
The property is located in the 90046 ZIP code of Los Angeles, CA.
Key Highlights
- 80‑unit multifamily apartment building at 7230 Franklin Ave in Los Angeles
- Located in the 90046 ZIP code of Los Angeles
- Stated 5.94% figure provided in the remarks
Property Analytics
Property Profile
Current Use
Lease Details
80
Residential units
Location Intelligence
Trade Area within ½ mile
4,227
Businesses Nearby
Explore this area
Business Placement
Demographics for 90046, CA
49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - For sale 80-unit multifamily apartment building in Los Angeles’ 90046 ZIP code.
Where is this apartment building located?
The property is located at 7230 Franklin Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $24,000,000.
What are key features of this property?
This property features: 80‑unit multifamily apartment building at 7230 Franklin Ave in Los Angeles; Located in the 90046 ZIP code of Los Angeles; Stated 5.94% figure provided in the remarks
