Prime Hollywood Development Opportunity - Approved for 28 Units. A rare fully entitled multifamily development opportunity at 6555-6561 Franklin Avenue, one of Hollywood’s most desirable residential locations. This shovel-ready project comes with Ready-To-Issue (RTI) permits for a 28-unit five-story over podium building, street level parking, and one level of subterranean with 30 parking spaces. This project would consist of a 26,349 SF building sitting on two combined parcels totaling 9,670 SF, offering 23,286 SF of rentable space. The project features a diverse unit mix, including 16 two-bedroom, two-bath units, 4 one-bedroom, one-bath units, 8 studio lofts, and 2 studios, with 3 units designated for low-income housing. Residents will enjoy 30 parking spaces on two subterranean levels and premium amenities, including an elegant lobby, resident recreation room, and leasing office on the first floor. Prime Location & Investment Potential. Strategically located at Franklin & Whitley, this development offers unmatched access to Hollywood’s entertainment, dining, and employment hubs. The area benefits from strong rental demand and a walkable urban lifestyle, making it a highly attractive investment opportunity. With RTI permits in place, developers can immediately commence construction, minimizing entitlement risks and accelerating project completion. Don’t miss this opportunity to bring a premium multifamily community to one of Los Angeles’ most vibrant submarkets.