Multifamily
7230 Franklin Ave
7230 Franklin Ave, Los Angeles, CA 90046
Listing Price: $24,000,000
Cap Rate
5.94%
Number of Units
80
GRM
9.98
Price/Unit
$300,000
Price/Gross SF
$341.72
Gross SF
70,233
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 7230 Franklin Ave, an 80-unit multifamily apartment building located in the highly desirable 90046 zipcode of Los Angeles.
Investment Highlights
- 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.
Exclusively Listed By
Listing Price: $24,000,000
Cap Rate
5.94%
Number of Units
80
GRM
9.98
Price/Unit
$300,000
Price/Gross SF
$341.72
Gross SF
70,233
Investment Highlights
- 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.
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 7230 Franklin Ave, an 80-unit multifamily apartment building located in the highly desirable 90046 zipcode of Los Angeles.
Exclusively Listed By