5241 Franklin Ave Los Angeles, CA 90027

$4,300,000 Sold Price as of 08/22/2017

5 Beds
3 Baths
4,048 Sq.Ft.

Off Market

$4,300,000 Sold Price as of 08/22/2017 Refinance Your Mortgage

Map preview of 5241 Franklin Ave, Los Angeles, CA 90027

Property Overview: 5241 Franklin Ave Los Angeles, CA has 5 bedrooms, 3 bathrooms, 4,048 living square feet and 38,086 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

5241 Franklin Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,209,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $241,800 for the down payment and will need roughly $24,180 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Los Angeles Agent

Sale History for 5241 Franklin Ave

Last sold for $4,300,000 on August 22nd, 2017

August, 2017
Aug 22, 2017

Date

Sold (Public Records)

Public Records

$4,300,000

Price
March, 2017
Mar 1, 2017

Date

Sold

CRMLS: 16159364

$3,225,000

Price
Dec 4, 2016

Date

Active Under Contract

CRMLS: 16159364

$3,549,000

Price
Oct 7, 2016

Date

Price Change

CRMLS: 16159364

$3,549,000

Price
Sep 6, 2016

Date

Price Change

CRMLS: 16159364

$3,649,000

Price
Listing provided courtesy of CRMLS

Magnificent Laughlin Park English Revival estate designed c.1922 by renowned architect Arthur R Kelly, also known for the famous Playboy Mansion. Sited on almost an acre and the second largest parcel in this exclusive enclave. The property is completely private, walled with two gated entrances, majestic trees, sprawling lawns & vegetation; a perfect entertainers retreat for the most discerning buyer. A bright and spacious 3 story home nestled in amongst the foliage features 4beds/4.5baths, separate carriage-house/garage, motor court, pool/spa and expansive flat grassy areas. Lower level currently used as work space would be ideal as a recreation or movie screening room. Laughlin Park was established in 1905, the enclave of around 60 homes sit behind five secure gates between Los Feliz Blvd and Franklin Avenue on the Western edge of Los Feliz. Laughlin Park was once home to many of Hollywood's rich and famous.

Continue Reading
February, 2017
Feb 27, 2017

Date

Sold (Public Records)

Public Records

$3,225,000

Price
July, 2016
Jul 5, 2016

Date

Price Change

CRMLS: 16140590

$3,649,000

Price
Listing provided courtesy of CRMLS

Magnificent Laughlin Park English Revival estate designed c.1922 by renowned architect Arthur R Kelly, also known for the famous Playboy Mansion. Sited on almost an acre and the second largest parcel in this exclusive enclave. The property is completely private, walled with two gated entrances, majestic trees, sprawling lawns & vegetation; a perfect entertainers retreat for the most discerning buyer. A bright and spacious 3 story home nestled in amongst the foliage features 4beds/4.5baths, separate carriage-house/garage, motor court, pool/spa and expansive flat grassy areas. Lower level currently used as work space would be ideal as a recreation or movie screening room. Laughlin Park was established in 1905, the enclave of around 60 homes sit behind five secure gates between Los Feliz Blvd and Franklin Avenue on the Western edge of Los Feliz. Laughlin Park was once home to many of Hollywood's rich and famous including W.C. Fields, Charlie Chaplain and Cecil B. DeMille.

Continue Reading

Tax History for 5241 Franklin Ave

Assessed Value (2020): $4,538,520

Year	Land Value	Improved Value	Assessed Value
2020	$2,601,000	$1,937,520	$4,538,520

About 5241 Franklin Ave

Detailed summary of property

5241 Franklin Ave is a single family home in Los Angeles, CA 90027 and last sold on August 22, 2017 for $4,300,000. This house has 5 bedrooms, 3 bathrooms, roughly 4,048 living square feet, and sits on an approximately 38,086 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 283.93% higher than the current median priced home. 5241 Franklin Ave was last sold on August 22, 2017 for $4,300,000. Local nearby listings include 2401 Nottingham Ave, 2025 E Live Oak Dr and 5667 Tryon Rd. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 5241 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 5241 Franklin Ave

Public county record property details

Beds: 5
Baths: 3
Year built: 1922
Sq. Ft.: 4,048
Lot Size: 38,086
Stories: --

Type: Single Family Residential
Pool: Yes
Spa: No
County: Los Angeles
Lot#: 29
APN: 5589-005-008

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

$2,495,000

Median List Price/Sq.Ft.

$938

Median Sold Price

$2,340,000

Median Sold Price/Sq.Ft.

$1,093

Total Inventory

Median Sale to List Price %

126.55%

Avg Days on Market

Loan Type

Conventional (14.29%), FHA (0%), VA (0%), Cash (7.14%), Other (0%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote