3950 Franklin Ave, Los Angeles, CA 90027
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3950 Franklin Ave Los Angeles, CA 90027

$995,000 Sold Price as of 08/03/2023
  • 2 Beds
  • 1 Baths
  • 1,247 Sq.Ft.
Sold
$995,000 Sold Price as of 08/03/2023 Refinance Your Mortgage

Map preview of 3950 Franklin Ave, Los Angeles, CA 90027

Property Overview: 3950 Franklin Ave Los Angeles, CA has 2 bedrooms, 1 bathrooms, 1,247 living square feet and 4,225 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Introducing an extraordinary investment opportunity in the prestigious Franklin Hills neighborhood, adjacent to the sought-after Los Feliz area of California's 90027 zip code. This newly listed property offers discerning investors the chance to acquire a high-end property with immense potential for substantial returns. Nestled in a tranquil location, this property is a diamond in the rough, awaiting the skilled touch of a seasoned investor. With extensive renovations required, the property presents a rare opportunity to reimagine and rebuild from the ground up. The interior has been stripped down to the studs, providing a blank canvas for a complete transformation limited only by your imagination. Boasting breathtaking views of the iconic Franklin Hills, this property offers a picturesque backdrop that will captivate both residents and guests alike. Experience the serene beauty of the surrounding hills and the vibrant energy of the nearby Los Feliz community, renowned for its trendy cafes, upscale boutiques, and cultural attractions. Moreover, the property's great potential for expansion cannot be overlooked. With ample space on the lot, investors can explore the possibilities of adding square footage to create a truly grand estate. Alternatively, the property is primed for an accessory dwelling unit (ADU) project, allowing for additional income potential or a separate living space for extended family or guests. Serious investors will recognize the remarkable opportunity that awaits within this prime location. By combining your vision and expertise with the limitless potential of this property, you can create a masterpiece that stands out in the highly competitive real estate market of Los Angeles. Don't miss out on this chance to secure a high-end investor property in one of the most coveted neighborhoods of Los Feliz adjacent to the Franklin Hills. Embrace the challenge of rehabilitating this diamond in the rough, and unlock its true potential. Act now and make this property a shining example of your investment prowess.

Listed by Henry Vega | BRE #01765081 | Keller Williams Realty
Last checked: 11 minutes ago | Last updated: August 4th, 2023 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
4,225
HOA Dues
$0/mo
Year built
1947
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
BB23112464
City
Los Angeles
County
Los Angeles
Time on Site
371 days

Property Details for 3950 Franklin Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • Has Fireplace
  • Kitchen, Living Room
Room Information
  • Downstairs Bedrooms: 2
  • Downstairs Bathrooms: 2
  • Eating Area: Area
  • Entry, Kitchen, Living Room
Kitchen Information
  • No Appliances
  • None
Bathroom Information
  • # of Baths (Full): 1
Interior Features
  • Open Floorplan
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Two Door
  • Has Attached Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Hills, Neighborhood, Panoramic
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 5591019023
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is not Attached
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • High School: John Marshall
  • High School: JOHMAR
  • High School District: Los Angeles Unified
Location / Neighborhood
Location Information
  • Directions: South of Los Feliz and East of Hillhurst. Between Hyperion Blvd.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Suburban
View more facts & features

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Sale History for 3950 Franklin Ave

Last sold for $995,000 on August 3rd, 2023
  • August, 2023

  • Aug 3, 2023

    Date

    Sold

    CRMLS: BB23112464

    $995,000

    Price

  • Jun 24, 2023

    Date

    Active

    CRMLS: BB23112464

    $990,000

    Price

Tax History for 3950 Franklin Ave

Assessed Value (2020): $90,059
Year Land Value Improved Value Assessed Value
2020 $45,925 $44,134 $90,059

Home Value Compared to the Market

This property vs the competition

3950 Franklin Ave sold on August 3, 2023 for 12.39% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $793.91 per/sqft which puts the price per square foot 5.29% higher than the current median sale per square foot for the city of Los Angeles.

About 3950 Franklin Ave

Detailed summary of property

3950 Franklin Ave is a single family home that recently sold in Los Angeles, CA 90027. This house offered 2 bedrooms, 1 bathrooms, roughly 1,247 living square feet, and sits on an approximately 4,225 square foot lot. 3950 Franklin Ave was first listed on ArdentRealEstateGroup.com on June 24, 2023. The homeowner sold the property for $995,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 12.39% lower than the current median priced home. Local homes that are currently for sale include 1624 N Normandie Ave #E, 1624 N Normandie Ave #C and 1624 N Normandie Ave #A. While the average home in Los Angeles, CA is selling in 99 days, 3950 Franklin Ave has a days on market of 11 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 3950 Franklin Ave Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3950 Franklin Ave

Public county record property details
Beds
2
Baths
1
Year built
1947
Sq. Ft.
1,247
Lot Size
4,219
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
144
APN
5591-019-023

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,450,000
Median List Price/Sq.Ft.
$955
Median Sold Price
$2,500,000
Median Sold Price/Sq.Ft.
$1,074
Total Inventory
85
Median Sale to List Price %
96.34%
Avg Days on Market
23
Loan Type
Conventional (6.67%), FHA (0%), VA (0%), Cash (13.33%), Other (13.33%)

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Related Resources to 3950 Franklin Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.