Step into the prestigious Laughlin Park neighborhood and discover a hidden gem awaiting its revival. The highly coveted 5231 Franklin is now available for the first time in almost five decades, offering five bedrooms, four bathrooms, and an impressively large lot that exudes potential. Elevated above the street and shrouded by trees, this once-grand home boasts the timeless charm and sophistication of its era. The entrance welcomes you with a classic pathway and a gate that opens to the famous Laughlin Park - a serene oasis in the heart of the bustling city. However, this property requires an inspired buyer with an eye for design and a passion for renovation. The interior is a blank canvas, waiting to be transformed into a breathtaking masterpiece. Every room needs work, and the home is in need of a complete overhaul. But the reward is great: the chance to create your own vision and restore this residence to its former glory. The potential is endless, limited only by your imagination. You could create an entertainer's paradise or a tranquil retreat, all while enjoying the lush surroundings that surround the property. 5231 Franklin is the perfect opportunity for those who appreciate the magic of restoration and the rewards of patience. Take advantage of this rare opportunity and create a legacy in one of Los Angeles' most sought-after neighborhoods.
Property Details
Property Features
Property Information:
Architectural Style: Mediterranean
Year Built: 1921
Stories: 2
Living Area: 4,743 SqFt
Listing Office:
Office Name: Compass
Office Phone: (323) 593-6999
Listing Agent: Victoria Massengale
Interior Features
Interior Information:
Appliances: Dishwasher, Refrigerator
Flooring Type: Wood
Interior: Ceiling Fan(s)
Fireplace: Decorative
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 3
Total Bedroom Count: 5
Exterior Features
Exterior Information:
View: None
Parking Information:
Garage Space: 3 spaces
Parking: Door-Multi, Garage
Lot Features
Lot Information:
Lot Size: 0.54 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: None
School Info
Assigned Schools Information:
Hollywood Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Joseph Le Conte Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Cheremoya Avenue Elementary School, Public District Grades KG-6
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: North side of Franklin, East of Western.
Price Information
Listing Price Info
Price Summary:
List Price: $4,750,000
Price Per SqFt: $1,001/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $3.7M more than the Median Sold Price and $369/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #23288003
Listing Office:
Office Name: Compass
Office Phone: (323) 593-6999
Listing Agent: Victoria Massengale
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/2/2024, 8:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Cheremoya Avenue Elementary School
6017 Franklin Ave
Distance between this listing and this school0.93 miles
Public District Grades KG-6
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.77 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.29 miles
Public Magnet Grades 1-5
Middle School
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school1.04 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.89 miles
Public District Grades 6-8
High School
5
/10
Hollywood Senior High School
1521 N Highland Ave
Distance between this listing and this school2.08 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school7.10 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school12.73 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Cheremoya Avenue Elementary School
6017 Franklin Ave
Distance between this listing and this school0.93 miles
Public District Grades KG-6
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.77 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.29 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school1.04 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.89 miles
Public District Grades 6-8
Nearby Schools
6
/10
Citizens of The World 2
5616 Carlton Way
Distance between this listing and this school0.58 miles
Public Charter Grades KG-7
Assigned Schools
5
/10
Hollywood Senior High School
1521 N Highland Ave
Distance between this listing and this school2.08 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school7.10 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school12.73 miles
The neighbors living near this home have an average income of $200,000. Typical income of Los Angeles, CA residents is $200k+ annually. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5231 Franklin Ave
What is the listing price of this property?
The listing price of 5231 Franklin Ave property is $4,750,000.
What type of property is this?
The property 5231 Franklin Ave is a house located in Los Angeles, California, 90027.
Is this property for sale now?
Active Listing: 5231 Franklin Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 5231 Franklin Ave are: Cheremoya Avenue Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Joseph Le Conte Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Hollywood Senior High School: GreatSchools Rating 5/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
How many bedrooms and bathrooms does this property have?
The property at 5231 Franklin Ave has 5 bedrooms and 3 full and 1 half bathrooms.
What is the square footage of this property?
The property 5231 Franklin Ave is 4,743 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 5231 Franklin Ave is 1921.
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This home is located at 5231 Franklin Ave in Los Angeles, CA and zip code 90027 in the Central LA neighborhood. This 4,743 square foot home, which was built in 1921, sits on a 0.54 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 07, 2023 and is currently priced at $4,750,000.
Over 701 listings were sold over their listed price in April 2024 in Los Angeles, CA. In the same period over 629 listings were sold below the listed price and 204 listings were sold for the listed price. In April 2024 in Los Angeles, CA there were 14.9% more homes for sale than in March 2024. In April 2024 median list price was $986,427 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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