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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

Multifamily

7230 Franklin Ave

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

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