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6720 Franklin Pl, Los Angeles, CA 90028
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6720 Franklin Pl Los Angeles, CA 90028

$7,326,000 Sold Price as of 12/13/2022
  • 16 Beds
  • 38 Baths
  • 30,050 Sq.Ft.
Sold
$7,326,000 Sold Price as of 12/13/2022 Refinance Your Mortgage
Map preview of 6720 Franklin Pl, Los Angeles, CA 90028

Property Overview: 6720 Franklin Pl Los Angeles, CA has 16 bedrooms, 38 bathrooms, 30,050 living square feet and 8,004 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 6720 Franklin is a vintage 1920's character brick building located in the rapidly developing center of Hollywood, located 2 blocks north of Hollywood Blvd. and Highland Ave.

Listed by Kenny Stevens | BRE #01090251 | Compass
Last checked: 2 seconds ago | Last updated: December 20th, 2022 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft
8,004
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22207257
City
Los Angeles
County
Los Angeles
Time on Site
578 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 37
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 14
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,573
  • Total Rent: $22,029
  • Pro Forma/Market Rent: $30,730
Unit Breakdown 3
  • # of Units: 22
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,493
  • Total Rent: $32,852
  • Pro Forma/Market Rent: $39,490
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6720 Franklin Pl

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • Has Laundry
  • Community, Individual Room
Room Information
  • Flooring: Wood, Tile
Interior Features
  • Ceiling Fan(s)
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 37
  • Parcel Number: 5547002003
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Subject property is located two blocks north of Hollywood Blvd. and Highland Ave. Heading north on Highland Ave, turn left onto Highland Pl. and the property is located on your right-hand side.
View more facts & features

Local Los Angeles Agent

Sale History for 6720 Franklin Pl

Last sold for $7,326,000 on December 13th, 2022

  • December, 2022

  • Dec 13, 2022

    Date

    Sold

    CRMLS: 22207257

    $7,326,000

    Price

  • Oct 10, 2022

    Date

    Active

    CRMLS: 22207257

    $9,500,000

    Price

  • July, 2012

  • Jul 5, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2012

  • Jan 6, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 6720 Franklin Pl

Assessed Value (2020): $2,509,624
Year Land Value Improved Value Assessed Value
2020 $946,178 $1,563,446 $2,509,624

Home Value Compared to the Market

This property vs the competition

6720 Franklin Pl sold on December 13, 2022 for 614.29% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $282.86 per/sqft which puts the price per square foot 62.53% lower than the current median sale per square foot for the city of Los Angeles.

About 6720 Franklin Pl

Detailed summary of property

6720 Franklin Pl is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 16 bedrooms, 38 bathrooms, roughly 30,050 living square feet, and sits on an approximately 8,004 square foot lot. 6720 Franklin Pl was first listed on ArdentRealEstateGroup.com on October 11, 2022. The homeowner sold the property for $7,326,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 614.29% higher than the current median priced home. Local homes that are currently for sale include 264 S Union Ave, 1615 Park Ave and 654 E 24th St. While the average home in Los Angeles, CA is selling in 93 days, 6720 Franklin Pl has a days on market of 29 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 6720 Franklin Pl Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6720 Franklin Pl

Public county record property details
Beds
17
Baths
--
Year built
1928
Sq. Ft.
30,050
Lot Size
8,004
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9,10
APN
5547-002-003

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$752,000
Median Sold Price/Sq.Ft.
$470
Total Inventory
34
Median Sale to List Price %
83.65%
Avg Days on Market
197
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (100%)

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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.

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