This stunning 3 story house at the very peak of Franklin Hills has breathtaking views of the snow-capped mountains with 2 large outdoor decks, making for a fantastic home or an incredible investment property. With 4 bedrooms and 3 Bathrooms (plus a huge bonus room), all 3 levels can work as a single-family home or as two separate rental properties. The current owner has an average yearly income of 120k-150k in Airbnb rentals. Remodeled from the studs up, the main/front door enters into the upper 2 levels, 3 bed / 2 bath (+bonus room) home that offers an open plan kitchen with a sushi island, a gas fireplace, a large living room with big, uninterrupted views and an outdoor deck with a coal-burning grill for summer barbecuing. The top floor was updated 5 years ago with its own HVAC heating and cooling system. The 3rd/lowest level continues down from the upper two floors, but also has its own private entrance, offering a large, primary bedroom, en suite bathroom, walk-in closet, separate kitchen, private deck with hot tub, and drop-down movie screen. "Casa Ronda" offers sweeping views of Silverlake and easy access to pop down into the top-tier restaurants of Silverlake, or the hip shops and coffee houses of Los Feliz on the other side of the hill. Franklin Hills has ample parking and a quaint neighborhood feel, as it is not used as a through street for traffic. The owner has ample records of all Airbnb rentals for interested income property buyers. Public records show 1594 sq ft, 3 beds 2 baths. Per seller, the additional 1 bed and 1 bathroom lower level makes up the additional 588 sqft., which may not be permitted - buyers to do their own due diligence. The house can come fully furnished if desired by the buyer and potentially the home's Airbnb manager may also be willing to continue managing the property, which she has done for the entire 5-year rental period, with hardly any work required by the owner at all. This property is a great value for any investor, or for a new homeowner who wants to own a property that can largely pay for itself.
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Data last updated on 3/26/23 at 4:26 PM UTC