7250 Franklin Ave #505, Los Angeles, CA 90046
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7250 Franklin Ave #505 Los Angeles, CA 90046

$729,000
  • 1 Beds
  • 1.5 Baths
  • 1,090 Sq.Ft.
For Sale
$729,000 Get Pre-Qualified

Map preview of 7250 Franklin Ave #505, Los Angeles, CA 90046

Property Overview: 7250 Franklin Ave #505 Los Angeles, CA has 1 bedrooms, 1.5 bathrooms, 1,090 living square feet and 53,531 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Step into this breathtaking 1-bed, 2-bath condo nestled just south of Runyon Canyon in the full-service Franklin Towers. Spanning a spacious 1,090 square feet and featuring an incredible open floor plan, this residence effortlessly blends contemporary comfort with urban convenience. Perched on the 5th floor, this unit offers stunning views of the canyons and hills that surround the complex. The living room becomes a focal point with its high ceilings and custom built-in shelving, seamlessly connecting the living, dining, and kitchen areas creating an ideal setting for entertainment and relaxation. The sleek kitchen boasts wood cabinetry, quartz countertops, and stainless steel appliances, catering to both style and functionality. Step outside to your private balcony, a perfect extension of your living room, offering views of the Hollywood Hills and the city below. The luxurious primary suite at the end of the hallway is well-proportioned with ample closet space and a bonus nook perfect for a desk or lounge area. The primary en-suite has been fully remodeled with impeccable design and a double vanity. Additionally, the conveniently located powder room has been recently remodeled for your guests. Recent updates include a new HVAC with Nest Thermostat, LED lights, new range/hood and fresh paint. Elevating your living experience, Franklin Towers offers a comprehensive suite of amenities, including 24/7 security and concierge, a heated pool/spa, steam room, sauna, yoga room, dog run, clubhouse/rec room, gated parking, valet guest parking, as well as a rooftop gym and deck with 360-degree views that include the ocean, Downtown LA, the Hollywood Sign and Griffith Observatory! Situated in a highly walkable neighborhood, explore the vibrant surroundings with ease, from renowned dining and shopping destinations. For those seeking the quintessential Hollywood lifestyle, this condo offers resort-like living at an incredible price.

Listed by Jeremiah Vancans | BRE #01944484 | Compass
Last checked: 6 minutes ago | Last updated: May 4th, 2024 | Source CRMLS | DOM: 8
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Home details

Lot Sq. Ft
53,531
HOA Dues
$911/mo
Year built
1964
Garage
--
Property Type:
Condominium
Status
Active
MLS#
24383639
City
Los Angeles
County
Los Angeles
Time on Site
9 days

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Property Details for 7250 Franklin Ave #505

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Eating Area: Dining Room, In Kitchen
  • Flooring: Carpet, Tile
  • Family Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Electric Cooktop, Oven, Microwave
Bathroom Information
  • # of Baths (Full): 1
  • # of Baths (1/2): 1
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Levels: One
  • Security Features: 24 Hour Security, Automatic Gate, Gated Community, Resident Manager
Exterior Features
Exterior Information
  • Has Spa
  • Spa Features: Association
Exterior Features
  • No Pool
  • Pool Features: Association
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Assigned, Auto Driveway Gate, Community Structure, Gated, Guest, Subterranean, Valet
Property Information
  • Has View
  • View: Canyon, Hills
  • Total # of Units: 190
  • Parcel Number: 5548025065
  • Entry Level: 5
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Fee: $911 (Monthly)
  • Association Amenities: Pet Rules, Controlled Access, Concierge, Clubhouse, Meeting Room, Spa/Hot Tub, Security, Sauna, Recreation Room, Pool
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of La Brea Ave, North of Hollywood Blvd,
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Sale History for 7250 Franklin Ave #505

Last sold for $570,000 on May 8th, 2017
  • April, 2024

  • Apr 24, 2024

    Date

    Active

    CRMLS: 24383639

    $729,000

    Price

  • May, 2017

  • May 8, 2017

    Date

    Sold (Public Records)

    Public Records

    $570,000

    Price

  • May, 2009

  • May 18, 2009

    Date

    Sold (Public Records)

    Public Records

    $370,000

    Price

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Tax History for 7250 Franklin Ave #505

Assessed Value (2020): $604,887
Year Land Value Improved Value Assessed Value
2020 $362,508 $242,379 $604,887

Home Value Compared to the Market

This property vs the competition

7250 Franklin Ave #505 is listed 40.49% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $668.81 per/sqft which puts the price per square foot 13.59% lower than the median price per square foot for the city of Los Angeles.

About 7250 Franklin Ave #505

Detailed summary of property

7250 Franklin Ave #505 is a condominium located in Los Angeles, CA 90046 and is currently for sale. This condo offers 1 bedrooms, 1.5 bathrooms, roughly 1,090 living square feet, and sits on an approximately 53,531 square foot lot. 7250 Franklin Ave #505 was first listed on ArdentRealEstateGroup.com on April 24, 2024. The homeowner is currently asking $729,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 40.49% lower than the median priced home. Local competing homes currently for sale include 1745 Camino Palmero St #114, 1628 N Formosa Ave #B and 7560 Hollywood Blvd #109. This home does have a Homeowners Association and the monthly fee is $911 per month. While the average home in Los Angeles, CA is selling in 96 days, 7250 Franklin Ave #505 has a days on market of 8 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 7250 Franklin Ave #505 Los Angeles, CA 90046 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7250 Franklin Ave #505

Public county record property details
Beds
1
Baths
2
Year built
1964
Sq. Ft.
1,090
Lot Size
53,578
Stories
--
Type
Condominium Unit (Residential)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
1
APN
5548-025-065

The source for these homes facts are from public records.

90046 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,995,000
Median List Price/Sq.Ft.
$943
Median Sold Price
$2,000,000
Median Sold Price/Sq.Ft.
$856
Total Inventory
209
Median Sale to List Price %
117.72%
Avg Days on Market
34
Loan Type
Conventional (2.7%), FHA (0%), VA (0%), Cash (13.51%), Other (2.7%)

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Related Resources to 7250 Franklin Ave #505

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.