Upgraded Apartment
For Sale
$18,195,000
6615 Franklin Ave, Los Angeles, CA 90028
Renovated shared amenities include a pool, courtyard bocce court, BBQ area, lobby, and elevator.
Property Size65,746 SF
Days on Market20
Property Features for 6615 Franklin Ave
General Information
Standard status
Active
Size
65,746 SF
Property subtype
Multifamily
Amenities
Extensively Upgraded Asset — Over $4 Million in Improvements in Past Five Years
Attractively Priced at a 6.88% CAP Rate and 9.25 GRM on Current Income
Prime Hollywood Corner Location at Base of Hollywood Hills, North of Hollywood Boulevard Near Borders of Both Whitley Heights and Hollywood Heights
Effective Renovation Blueprint — 62% of Units Remodeled Since 2021
Newly Designed Courtyard Featuring Bocce Ball Court, Outdoor Lounge, Sparkling Swimming Pool, BBQ Area
Nestled Among Multi-Million Dollar Homes — Higher Barrier to Homeownership Benefits Local Rental Market
Blocks from $8 Million "Access to Hollywood" Civic Revitalization Project
Ample Garage Parking — A Valuable Amenity for Residents in the Dense Hollywood Market
Building Details
Building Size
65,746 SF
Units
75
Listing Agency:
Encino Office
(213) 943-1855
Listed By:
Rick E. Raymundo · License #License(s): CA: 01357019
(213) 943-1855
Source:
Marcusmillichap
Added: Aug 12
Changed: Aug 29
Last Checked: Aug 30 at 1:20PM
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 Encino Office
Investment Insights
Based on property information with market context.
The Cooper Hollywood is a 75-unit apartment property with extensive interior and common-area renovations. Improvements include updated apartment interiors, a refreshed courtyard with a bocce court, a swimming pool with BBQ space and an outdoor bathroom, a remodeled lobby, a renovated elevator, new electrical subpanels, plumbing upgrades, and a new exterior facade. The buildings also offer electric vehicle charging stations and tankless water heaters. A RUBS program provides utility reimbursements from residents.
Located at 6615 Franklin Ave in Los Angeles, the property sits three blocks from Hollywood Boulevard and Highland Avenue. The Hollywood Bowl is approximately a half-mile away, with the Ford Theatre, Runyon Canyon, and Griffith Park within walking distance. The property is reported at a 6.88% cap rate and 9.25 GRM based on in-place income.
Located at 6615 Franklin Ave in Los Angeles, the property sits three blocks from Hollywood Boulevard and Highland Avenue. The Hollywood Bowl is approximately a half-mile away, with the Ford Theatre, Runyon Canyon, and Griffith Park within walking distance. The property is reported at a 6.88% cap rate and 9.25 GRM based on in-place income.
Key Highlights
- 75‑unit apartment property at 6615 Franklin Ave, Los Angeles, CA 90028
- Reported 6.88% cap rate and 9.25 GRM based on in‑place income
- Apartment interiors, lobby, elevator, facade, electrical, and plumbing have been upgraded
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,383
Businesses Nearby
Explore this area
Business Placement
Demographics for 90028, CA
32,330
Population
22,344
Households
1.4
Avg Household Size
36
Median Age
49%
College-Educated
90%
High-School Grad
1.5 sq mi
ZIP Area
21,553
Density / Sq Mi
$59,393
Median Household Income
$45,325
Median Earnings
$1,839
Median Rent
$970,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated shared amenities include a pool, courtyard bocce court, BBQ area, lobby, and elevator.
Where is this apartment building located?
The property is located at 6615 Franklin Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $18,195,000.
What are key features of this property?
This property features: 75‑unit apartment property at 6615 Franklin Ave, Los Angeles, CA 90028; Reported 6.88% cap rate and 9.25 GRM based on in‑place income; Apartment interiors, lobby, elevator, facade, electrical, and plumbing have been upgraded
