Property Detail

6615 Franklin

Los Angeles CA 90028

$18,195,000

Status: Active

Property Details

Description

With current ownership implementing over $4 million in property improvements over the past five years, this offering allows a new investor to secure a heavily-remodeled asset while also enjoying substantial immediate cash flow. Available at an attractive 6.88% CAP Rate and 9.25 GRM based on in-place income, the property provides an already strong initial return while allowing for future revenue improvement by applying the same interior renovation blueprint to the remaining apartments in order to recapture the rent upside. Included in the property's expansive reimagining are more than $2 million in apartment interior upgrades, a revamped courtyard with a bocce ball court, a revitalized swimming pool with a BBQ area and outdoor bathroom, a new exterior facade, a renovated elevator, new electrical subpanels, plumbing upgrades, and a newly remodeled lobby. The current owner has also installed a RUBS program, allowing a landlord to collect utility reimbursements from tenants as another valuable source of revenue. The buildings feature several electric car charging stations and tankless water heaters, helping to modernize the asset and attract higher-paying residents. The adjacent Whitley Heights and Hollywood Heights feature single-family homes that have sold from $2,500,000 to over $4,000,000 in the past year, conveying the prestige and desirability of the local neighborhood. Because most residents are priced out of this single-family home market, the local rental market experiences a more robust demand, benefitting area apartment owners. Situated just three blocks from the intersection of Hollywood Boulevard and Highland Avenue, the property offers residents convenient access to all of the most famous destinations throughout Hollywood. The Hollywood Bowl is only a half-mile away, while the Ford Theatre, Runyon Canyon, and Griffith Park are all within walking distance as well. Many nearby streets are benefitting from the $8 million "Access to Hollywood" project, which is anticipated to revitalize some of the most popular and heavily-trafficked local corridors.

Map Location

Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap. Last updated 2026-07-29 08:11:00.000000. Listing information © 2025 CRMLS.

Ever Eternity

Ever Eternity

CA DRE# 01794748

1111 Prospect St, Suite 100 La Jolla,
​​​​​​​CA 92037

858.688.4113

Contact Me
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Welcome

Meet Ever

Ever Eternity is Your Local Real
Estate Professional

Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

People choose to work with me for my full service expertise, experience and ethics. My base of loyal customers is the reason I am successful in this competitive sales market.

​My attention to detail allows me to find dream homes for buyers, and build thorough home marketing plans for my sellers. I have great pride in my negotiation skills and believe in transparency and full disclosure throughout each deal. I value open communication with my clients and welcome questions from start to close.

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"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"Ever was simply excellent. He is thorough, approachable and very knowledgable of the house buying process. We appreciated his manner and help throughout our purchase process - he never made us feel pressured to select a house and helped us find a perfect match. He was especially helpful when we needed to juggle urgent travel during the Escrow process, helping us set up power of attorney. We would recommend Ever to any type of buyer and will certainly use him for any future real estate needs that we have."

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"Ever has been my agent through two purchases and one sale. He has a keen sence of the market and knows how best to price and time sales and purchases. He makes sure to get the job done and places the most importance on making his satisfying his clients wishes to the best of his ability. He works well with escrow, property managers, and whomever he needs to speak with."

"Working with Ever was a joy. We had a number of unexpected challenges during the process of selling our house and Ever was consistently there to help, guide, and support us. He was always available for consultation and never lost sight of the immediate issues nor the long term goals. Ever was an exemplary professional in every way and I would highly recommend him."

"Working with Ever was a great experience. Selling our Mom's house was emotionally difficult for us. Ever guided us thru the process and made it smooth and easy as possible for us. He responded to all of our questions with professionalism and knowledge. He kept us informed of every action during the sale. We trusted his advice and insights and he delivered on everything he said. The sale was quick and smooth and we couldn't be happier. We highly recommend Ever. He definitely knows his business."

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