6720 Franklin Pl is a striking 1920s brick building located in the heart of Hollywood, just two blocks north of the famed intersection of Hollywood Boulevard and Highland Avenue. This 26-unit Hollywood multifamily asset offers investors an irreplaceable vintage aesthetic, walkable location, and long-term rental upside in one of Los Angeles’ most iconic neighborhoods.

Positioned within a high-density corridor undergoing rapid transformation, 6720 Franklin Pl offers immediate proximity to Hollywood’s best retail, dining, nightlife, and entertainment destinations. Tenants are just a short walk to landmarks like the Dolby Theatre, Ovation Hollywood, and Musso & Frank, while major employers in film, tech, and media are located minutes away. Public transportation is another key advantage, with multiple bus lines and the Hollywood/Highland Metro station located two blocks south—offering residents seamless access to the broader Los Angeles region.

Built in the 1920s, the building showcases original brick architecture and a commanding street presence that stands out among surrounding properties. The property is currently master-metered for gas and electricity, qualifying it for a 5% annual rent increase under rent control regulations. The unit mix consists of spacious studios and one-bedrooms that feature large windows, vintage detailing, and efficient layouts ideal for creative professionals, students, and transit-oriented renters.

Currently generating over $57,300 in gross monthly income, 6720 Franklin Pl offers approx. 28% rental upside based on market comps for renovated Hollywood multifamily units. With cosmetic upgrades and improved operations, a future investor can reposition the property to significantly boost returns.

This is a compelling Los Angeles multifamily opportunity for investors seeking classic 1920s architecture, value-add potential, and a central location in a neighborhood poised for continued growth. 6720 Franklin Pl embodies all the hallmarks of a generational asset in one of L.A.’s most recognizable submarkets.