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7250 Franklin Ave #506, Los Angeles, CA 90046
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7250 Franklin Ave #506 Los Angeles, CA 90046

$455,000
  • 0 Beds
  • 1 Baths
  • 492 Sq.Ft.
For Sale
$455,000 Get Pre-Qualified
Map preview of 7250 Franklin Ave #506, Los Angeles, CA 90046

Property Overview: 7250 Franklin Ave #506 Los Angeles, CA has -- bedrooms, 1 bathrooms, 492 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: Discover a luxurious urban lifestyle in this stunning studio unit located on the 5th floor of the prestigious Franklin Towers, right in the heart of Hollywood. This corner unit offers privacy with no direct connecting neighbors and features modern upgrades that exude sophistication. Step inside to find rich wood flooring throughout the main living space, beautifully complemented by oversized windows that flood the unit with natural light. The kitchen is a chef's dream, equipped with European style cabinetry, top-of-the-line Miele appliances, an Asko dishwasher, and a built-in Sub Zero refrigerator. The stainless steel appliances add both style and functionality. The spacious walk-in closet provides ample storage with shelves and double rack hanging space, ensuring everything has its place. The spa-like bathroom is designed for relaxation, featuring a walk-in shower with a rainfall showerhead. Residents of Franklin Towers enjoy unparalleled amenities including 24-hour front desk service, valet parking, a rooftop gym, and a rooftop deck with breathtaking city views. Additional perks include a pool, club/lounge room, yoga studio, steam room, and sauna. Community laundry facilities are conveniently close to the unit. Embrace the vibrant Hollywood lifestyle with this exceptional studio unit that combines modern luxury with convenience and comfort. Don’t miss your chance to live in one of Los Angeles’s most sought-after addresses.

Listed by Jonathan Chi | BRE #01852773 | BERKSHIRE HATH HM SVCS CA PROP
Last checked: 2 minutes ago | Last updated: September 5th, 2024 | Source CRMLS | DOM: 59

Home details

Lot Sq. Ft
53,531
HOA Dues
$857/mo
Year built
1964
Garage
1 Car
Property Type:
Condominium
Status
Active
MLS#
CV24145593
City
Los Angeles
County
Los Angeles
Time on Site
60 days

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Property Details for 7250 Franklin Ave #506

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Electric
Heating Information
  • Has Heating
  • Central, Electric
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Downstairs Bedrooms: 0
  • Downstairs Bathrooms: 1
  • Eating Area: Separated
  • Flooring: Wood
  • See Remarks, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Electric Oven, Electric Cooktop, Disposal, Refrigerator
  • Built-in Trash/Recycling, Kitchen Open to Family Room, Remodeled Kitchen, Stone Counters
Bathroom Information
  • # of Baths (Full): 1
Interior Features
  • Stone Counters
  • Levels: One
  • Security Features: 24 Hour Security, Fire and Smoke Detection System
Exterior Features
Exterior Information
  • Has Spa
  • Spa Features: Community
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Assigned, Electric Vehicle Charging Station(s), Garage, Valet
  • No Attached Garage
Lot Information
  • Lot Size Source: Assessor
  • Common Interest: Condominium
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 190
  • Parcel Number: 5548025066
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Name: Franklin Towers
  • Association Fee: $785 (Monthly)
  • Second Association Fee: $72 (Monthly)
  • Association Amenities: Pool, Spa/Hot Tub, Sauna, Dog Park, Gym/Ex Room, Clubhouse, Recreation Room, Concierge, Maintenance Grounds, Trash, Water, Security
  • Total Average Monthly Fee: $857
Utilities Information
  • Sewer: Unknown
  • Water Source: Other
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Schools
School Information
  • High School District: Los Angeles Unified
Location / Neighborhood
Location Information
  • Other Subdivision Name: Franklin Towers
  • Directions: Franklin Ave and N La Brea Ave
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 7250 Franklin Ave #506

Last sold for $325,000 on July 1st, 2015

  • August, 2024

  • Aug 8, 2024

    Date

    Active

    CRMLS: CV24161826

    $2,750

    Price

  • Listing provided courtesy of CRMLS

  • July, 2024

  • Jul 17, 2024

    Date

    Active

    CRMLS: CV24145593

    $480,000

    Price

  • December, 2021

  • Dec 15, 2021

    Date

    Withdrawn

    CRMLS: WS21188882

    $469,000

    Price

  • Aug 26, 2021

    Date

    Active

    CRMLS: WS21188882

    $469,000

    Price

  • Listing provided courtesy of CRMLS

    Location! Location! Location! Walking distance to Runyon Canyon, Hollywood boulevard, world famous shops and restaurants, this beautiful newer remodeled studio at Franklin Towers offers you a city life yet also close to nature! Condo has been completely remodeled in two years with high-end appliances and cabinetry in kitchen along with unique counter tops and hardwood floors. Bath has also been newer remodeled with tile floors and tile accents throughout. In house laundry is just steps away. Plenty of closet/storage space! 360 degree views from rooftop deck of incredible views of Hollywood, Griffith Observatory, Runyon Canyon--perfect for entertaining or quiet enjoyment. This is a full service building with free 24 hour valet parking, security, heated pool and spa, sauna and steam room, yoga room, clubhouse and fitness center on rooftop with spectacular views and city lights! Perfect for first time home buyers or investors. Great returns with a rental estimate at $2000-2200/month.

  • July, 2015

  • Jul 1, 2015

    Date

    Sold (Public Records)

    Public Records

    $325,000

    Price

  • June, 2006

  • Jun 30, 2006

    Date

    Sold (Public Records)

    Public Records

    $295,000

    Price

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Tax History for 7250 Franklin Ave #506

Assessed Value (2020): $474,300
Year Land Value Improved Value Assessed Value
2020 $306,000 $168,300 $474,300

Home Value Compared to the Market

This property vs the competition

7250 Franklin Ave #506 is listed 62.08% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $766 and this home is listed at $924.8 per/sqft which puts the price per square foot 20.73% higher than the median price per square foot for the city of Los Angeles.

About 7250 Franklin Ave #506

Detailed summary of property

7250 Franklin Ave #506 is a condominium located in Los Angeles, CA 90046 and is currently for sale. This condo offers -- bedrooms, 1 bathrooms, roughly 492 living square feet, and sits on an approximately 53,531 square foot lot. 7250 Franklin Ave #506 was first listed on ArdentRealEstateGroup.com on July 17, 2024. The homeowner is currently asking $455,000 and was originally asking $480,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $766. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 62.08% lower than the median priced home. Local competing homes currently for sale include 620 S Gramercy Pl #412, 3810 Wilshire Blvd #410 and 3810 Wilshire Blvd #610. This home does have a Homeowners Association and the monthly fee is $857 per month. While the average home in Los Angeles, CA is selling in 104 days, 7250 Franklin Ave #506 has a days on market of 59 days. There are currently 4084 homes for sale in the Los Angeles real estate market and 2797 of them are single family homes while 1162 of them are condos and 119 are townhomes. For more information on this home for sale at 7250 Franklin Ave #506 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 #506

Public county record property details
Beds
--
Baths
1
Year built
1964
Sq. Ft.
449
Lot Size
53,578
Stories
--
Type
Condominium Unit (Residential)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
1
APN
5548-025-066

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
$2,200,000
Median List Price/Sq.Ft.
$905
Median Sold Price
$1,188,800
Median Sold Price/Sq.Ft.
$773
Total Inventory
266
Median Sale to List Price %
95.1%
Avg Days on Market
44
Loan Type
Conventional (5.56%), FHA (0%), VA (0%), Cash (8.33%), Other (2.78%)

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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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