4 months on rocket

Sale Pending

7250 Franklin Ave Unit 409, Los Angeles, CA, 90046

$875,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
1,393 SqFt
$628/SqFt
Condo
Schools Nearby

Location

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7250 Franklin Ave Unit 409, Los Angeles$875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingControlled Entrance, Door-Multi, Underground, Garage, Guest, Private, Side By Side, Valet
Attached Garage2 spaces
Year Built1964
HeatingCentral
CoolingCentral Air
FireplaceNone
ViewCity Lights, Hills, Other, Panoramic
MLS #23339413
Lot Size1.23 Acres
StatusSale Pending
(Pending)

About 7250 Franklin Ave Unit 409

Beautifully remodeled condo in the iconic, full-service Franklin Towers with breathtaking views of the Hollywood sign, Griffith Observatory, and Yamashiro from your private balcony, sits just at the base of the entrance to Runyon Canyon! This spacious 2 bed, 2 bath + study, in a doorman and gated building, is loaded with amenities and shares only 1 common wall. The light-filled living and dining areas have rich oak hardwood floors, custom wallpaper, crown molding, and hillside and city views from every window. A wall of floor-to-ceiling glass doors leads to a private balcony with expansive views overlooking the Hollywood Hills, Roosevelt Hotel, Griffith, and Yamashiro. The kitchen was updated just a few years ago with sleek Kitchen Aid appliances, new countertops, cabinets, and wall-tile. Both bedrooms have direct access to the balcony and the primary has a large walk-in closet with in-unit laundry (just a few years old). The entire building was upgraded last year with a state-of-the-art fire system and fire control panel linking all units to the front desk for faster and more effective safety results ($4,000 cost for unit 409, already paid). The unit comes with guarded, assigned garage side-by-side parking for 2 cars with elevator access to the building. Unit 409 (and only 1-unit per floor) has a separate, but attached 25 sq ft storage unit with high ceilings, accessed immediately next-door to the unit. This home has it all and is minutes from Graumann's Chinese Theatre, the Magic Castle, Dolby Theatre, famous Musso & Frank Grill, the Hollywood and Highland Red Line stop, the Sunset Strip, and all the hikes and nature of Runyon Canyon. This Hollywood Landmark building has a valet, 24-hour concierge, a dog-run, heated pool and spa, steam room and sauna, clubhouse/rec room, rooftop gym, and a huge rooftop deck with multiple seating areas and incredible panoramic views from the Hollywood Hills to the ocean! Please call for private showings.

Property Details

Property Features

Property Information:

  • Architectural Style: Modern
  • Year Built: 1964
  • Stories: 13
  • Living Area: 1,393 SqFt

Listing Office:

  • Office Name: The Bienstock Group
  • Office Phone: (323) 310-2525
  • Listing Agent: Oliver Klein

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave, Refrigerator, Dryer, Washer
  • Flooring Type: Carpet, Wood
  • Interior: Crown Molding, Open Floorplan, Recessed Lighting, Walk-In Closet(s)
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: City Lights, Hills, Other, Panoramic

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Controlled Entrance, Door-Multi, Underground, Garage, Guest, Private, Side By Side, Valet

Lot Features

Lot Information:

  • Lot Size: 1.23 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

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
  • Hubert Howe Bancroft Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Gardner Street 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: On Franklin Ave, just a few doors west of La Brea. At the base of Runyon Canyon.

Price Information

Listing Price Info

Price Summary:

  • List Price: $875,000
  • Price Per SqFt: $628/SqFt

HOA Fees:

  • Amount: $950
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $9,247
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

7250 Franklin Ave Unit 409 vs Los Angeles

135 DAYS ON ROCKET

+101 Days

$875,000

-$100.9K Less

$628/SqFt

-$0 Less

KEY TAKEAWAY

This property is $100.9K less than the Median Sold Price and $0/SqFt less 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: #23339413

Listing Office:

  • Office Name: The Bienstock Group
  • Office Phone: (323) 310-2525
  • Listing Agent: Oliver Klein

IDX 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: 4/27/2024, 6:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 31, 2018Home Sold
$750,000
Nov 15, 2011Home Sold
$518,500
Mar 17, 2004Home Sold
$510,500
Dec 27, 2002Home Sold
$435,000
May 25, 1990Home Sold
$220,000

Tax History

YEARPROP. TAXASSESSMENT
2021$9,247$772,925
2020$8,900$765,000
2019$9,993$750,000
2018$6,785$821,000
2017$6,785$561,148

History based on county public records data.

Payment Calculator

$5,385

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,690

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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

school-card-donut-1054361
7
/10
  • Gardner Street Elementary School

  • 7450 Hawthorn Ave

  • 0.34 miles

  • Public District Grades KG-6

school-card-donut-1054362
8
/10
  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 1.29 miles

  • Public Magnet Grades KG-6

school-card-donut-1054363
9
/10
  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 18.00 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-1054364
4
/10
  • Hubert Howe Bancroft Middle School

  • 929 N Las Palmas Ave

  • 1.13 miles

  • Public Magnet Grades 6-8

school-card-donut-1054365
4
/10
  • Studio

  • 2211 W Avenue 30

  • 6.34 miles

  • Public District Grades 6-8

High School

school-card-donut-1054366
5
/10
  • Hollywood Senior High School

  • 1521 N Highland Ave

  • 0.50 miles

  • Public Magnet Grades 9-12

school-card-donut-1054367
8
/10
  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 8.98 miles

  • Public Magnet Grades 9-12

school-card-donut-1054368
8
/10
  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 10.74 miles

  • Public Magnet Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,188. Residents of Los Angeles, CA typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7250 Franklin Ave Unit 409

What is the listing price of this property?

The listing price of 7250 Franklin Ave Unit 409 property is $875,000.

What type of property is this?

The property 7250 Franklin Ave Unit 409 is a condo located in Los Angeles, California, 90046.

Is this property for sale now?

Sale Pending: 7250 Franklin Ave Unit 409 is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 7250 Franklin Ave Unit 409 are:
Gardner Street Elementary School: GreatSchools Rating 7/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Hubert Howe Bancroft Middle School: GreatSchools Rating 4/10
Studio: GreatSchools Rating 4/10
Hollywood Senior High School: GreatSchools Rating 5/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $9,247 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 31, 2018 for $750,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7250 Franklin Ave Unit 409 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 7250 Franklin Ave Unit 409 is 1,393 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7250 Franklin Ave Unit 409 is 1964.

Rocket HomesCaliforniaLos Angeles CountyLos Angeles900467250 Franklin Ave Unit 409

This home is located at 7250 Franklin Ave Unit 409 in Los Angeles, CA and zip code 90046 in the Central LA neighborhood. This 1,393 square foot home, which was built in 1964, sits on a 1.23 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 13, 2023 and is currently priced at $875,000.

In March 2024 more than 628 listings in Los Angeles, CA were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 579 were sold below. The number of homes for sale in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. Listings spent 34 days on the market in March 2024, and had a median list price of $975,970 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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