5640 Franklin Avenue, Los Angeles, CA 90028

Hollywood United, Central LA, Los Angeles
Building in Hollywood United
5 Stories
Built in 1929
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Welcome to 5640 Franklin Avenue, a building located in Hollywood United, Central LA, Los Angeles in Los Angeles, CA. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 1929. According to local assessors, the total value of the building is currently valued at $10,120,562. Specifically, the value of the land that the property sits on has been assessed at $7,614,789. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Policies
Cats Allowed
Facts
General
Year Built
1929
Effective Year Built
1929
Building Count
1
Bedroom Count
64
Bathroom Count
56
Full Bathrooms
56
Partial Bathrooms
56
Building Condition
unknown
Building Quality
A
Construction Type
Masonry
Building Style
unknown
Exterior Walls Type
Concrete
Interior Walls Type
unknown
Roof Shape Type
Flat
Roof Cover Type
Roll composition
Floor Count
5
Living Units
56
Floor Cover
unknown
Basement Type
Unspecified basement
Basement Area
1,580
Garage Type
Garage
Garage Square Area
8,760
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Subdivision
MORGANS HOLLYWOOD
Land Acres
0.558
Standard Land Use Code
Apartments (generic)
County Land Use Code
unknown
Legal Description 1
MORGANS REPLAT OF LOTS 61 TO 73 INCL OF MORGANS HOLLYWOOD TRACT EX S 25 FT OF LOTS 71,72 AND 73 AND N 100 FT OF LOT/SEC 74
Ownership
Current Owner
MILLENIUM EQUITIES LLC
Current Owner's Name
MILLENIUM EQUITIES LLC
Previous Owner
FRANKLIN PLAZA LTD LP
Previous Owner's Name
FRANKLIN PLAZA LTD
Owner Address - City
LOS ANGELES
Owner Address - State
CA
Owner Address - ZIP Code
90020
Owner Before Previous Owner
COAST FEDERAL BANK FSB
Ownership Rights Codes
Company/Corporation
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Los Angeles Unified School District
Census Tract
190303
Census Block Code
1001
Census Group
1
Census Year
2018
Census - Combined Statistical Area - Area Code
348
Census - Combined Statistical Area - Area Name
Los Angeles-Long Beach, CA
Census - County FIPS
06037
Census - Full FIPS
060371903011001
Census - Metropolitan Division - Area Code
31084
Census - Metropolitan Division - Area Name
Los Angeles-Long Beach-Glendale, CA
Census - Metro Micro Statistical Area - Area Code
31080
Census - Metro Micro Statistical Area - Area Name
Los Angeles-Long Beach-Anaheim, CA
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
0644000
Census Source
US Census Bureau
Census State FIPS
06
Census Tract Code
190301
School District - Unified - Grade High
12
School District - Unified - Grade Low
KG
School District - Unified - LEA Code
0622710
School District - Unified - Name
Los Angeles Unified School District
Zoning
Zoning
LAR3
Geography
Assessors Map Reference
34-D2
Parcel
5544-003-043
Lot
74
Lot Code
unknown
Municipality
EAST /LA ECHO PARK
Latitude
34.1051
Longitude
-118.312
FIPS
06037
Mailing Carrier Code
C004
Mailing Street Direction
W
Mailing Full Street Address
3251 W 6TH ST STE 109
Mailing House Number
3251
Mailing Street Mode
ST
Mailing Street
6TH
Mailing Unit Number
109
Mailing Unit Type
STE
Mailing 4-Digit Zip Code
5018
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
Valuation
Timestamp
2023-11-02 21:32:05
UCID Flag
U
More About The Building
In total, the building area is listed as 52,474 square feet. The building itself has 52,474 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 5640 Franklin Avenue is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Hollywood United area have a median price of $6,098. Those in the 25th percentile, have a price around $3,225. While those in the 75th percentile, have a price around $16,750. Typically, the buildings in this area have a median sqft of 2,034. That means that the median price per sqft is around $5. In other words, the price per sqft for buildings in the 25th percentile is $3. While the price per sqft for buildings in the 75th percentile is $6. As a breakdown, we've included the following stats:

  • There is currently one advertised studio listing.
  • There are currently a total of 9 one bedroom listings. The median price for these types of listings is $2,700. That's $3.32 price per sqft.

  • There are currently a total of 8 two bedroom listings. The median price for these types of listings is $4,598. That's $4.08 price per sqft.

  • There are currently a total of 8 three bedroom listings. The median price for these types of listings is $15,250. That's $5.30 price per sqft.

  • There are currently a total of 8 four bedroom listings. The median price for these types of listings is $19,750. That's $5.94 price per sqft.
About The Area
5640 Franklin Avenue is located in 90068. There are 21,450 people living here. There are 11,785 households. Most of these households have an average family size of 2.67 people. According to the census, 53% are currently renting while 47% own their homes. The median age of this population is around 39.7 years old. On average, most folks in the zipcode are unmarried. About 22% of folks speak a language other than English in this area. The area's employment rate is currently around 70.4%. Speaking of employment, the median income is $76,485. Most folks will commute by car for around 29.3 minutes. Finally, we know that 8% of residents in the area have graduated with their high school degree. Additionally, 42% and 25% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. Los Angeles County, California has a population of 10,057,155 people. Based on census records, there are 3,281,845 registered households. Families in this area are on average made up of 3.69 people per household. Most folks are unmarried. They are also typically around 35.8 years old. Does diversity matter to you? Right now, 57% of folks speak a language other than English here. About 54% rent while 46% purchased their homes. Right now, the community is made up of 21% of residents who have graduated with at least a high school degree. On top of that, 20% have a Bachelor's degree and 11% have a Master's degree. The employment rate is currently around 58.6%. Those employed, have a median income of $57,952. If you move here, you can expect to commute mostly by car for around 30.4 minutes.

-
Studio Median Rent
$2,700
1BR Median Rent
$4,598
2BR Median Rent
$15,250
3BR Median Rent
PUBLIC TRANSIT
207
Western / Franklin (840 ft - 4 min walk)
Metro - Los Angeles
180
207
217
Hollywood / Wilton (0.25 mi - 6 min walk)
Metro - Los Angeles
180
217
Hollywood / Wilton (0.27 mi - 6 min walk)
Metro - Los Angeles
207
Hollywood / Western (0.27 mi - 6 min walk)
Metro - Los Angeles
180
217
Hollywood / Western (0.29 mi - 7 min walk)
Metro - Los Angeles

Nearby Schools

(within attendance boundary)
Grant Elementary  •  0.39 mi
1530 N. Wilton Pl., Los Angeles, CA 90028
Public  •  Elementary  •  Grades KG to 6
Los Angeles Unified School District
Joseph Le Conte Middle  •  0.79 mi
1316 N. Bronson Ave., Hollywood, CA 90028
Public  •  Middle School  •  Grades 6 to 8
Los Angeles Unified School District
Hollywood Senior High  •  1.61 mi
1521 N. Highland Ave., Los Angeles, CA 90028
Public  •  High School  •  Grades 9 to 12
Los Angeles Unified School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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