10 days on rocket

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

$729,000

Home List Price

$8,657*

Closing Credit

1 Bedroom
1 Full Bath, 1 Partial
1,090 SqFt
$669/SqFt
Condo
Schools Nearby

Location

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7250 Franklin Ave Unit 505, Los Angeles$729,000

Buyer Closing Credits

$8,657*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Underground, Electric Gate, Guest, Gated, Community Structure, Valet
Year Built1964
HeatingCentral
CoolingCentral Air
FireplaceNone
ViewCanyon, Hills
MLS #24383639
Lot Size1.23 Acres
StatusActive

About 7250 Franklin Ave Unit 505

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.

Property Details

Property Features

Property Information:

  • Year Built: 1964
  • Stories: 13
  • Living Area: 1,090 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (310) 652-6285
  • Listing Agent: Jeremiah Vancans

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Cooktop, Disposal, Microwave, Oven, Refrigerator
  • Flooring Type: Carpet, Tile
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Canyon, Hills

Parking Information:

  • Parking: Assigned, Underground, Electric Gate, Guest, Gated, Community Structure, Valet

Virtual/3D Tour

  • Virtual Tour: 7250 Franklin Ave Unit 505

Virtual Tour

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: West of La Brea Ave, North of Hollywood Blvd,

Price Information

Listing Price Info

Price Summary:

  • List Price: $729,000
  • Price Per SqFt: $669/SqFt

HOA Fees:

  • Amount: $911
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $7,410
  • Tax Year: 2021
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Housing Market Comparison

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

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

7250 Franklin Ave Unit 505 vs Los Angeles

10 DAYS ON ROCKET

-24 Days

$729,000

-$257.4K Less

$669/SqFt

+$37 More

KEY TAKEAWAY

This property is $257.4K less than the Median Sold Price and $37/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: #24383639

Listing Office:

  • Office Name: Compass
  • Office Phone: (310) 652-6285
  • Listing Agent: Jeremiah Vancans

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: 5/5/2024, 4:20:35 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

May 08, 2017Home Sold
$570,000
May 18, 2009Home Sold
$370,000
Nov 15, 2005Home Sold
$559,000
May 20, 2002Home Sold
$261,000
Sep 29, 2000Home Sold
$178,500
Jul 30, 1999Home Sold
$149,000
Jul 29, 1994Home Sold
$105,000
Jul 15, 1991Home Sold
$155,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,410$611,153
2020$7,121$604,887
2019$7,110$593,027
2018$4,971$581,400
2017$4,971$410,539

History based on county public records data.

Payment Calculator

$4,617

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,252

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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-6327513
7
/10

  • Gardner Street Elementary School

  • 7450 Hawthorn Ave

  • 0.34 miles

  • Public District Grades KG-6

school-card-donut-6327514
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 1.29 miles

  • Public Magnet Grades KG-6

school-card-donut-6327515
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 18.00 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-6327516
4
/10

  • Hubert Howe Bancroft Middle School

  • 929 N Las Palmas Ave

  • 1.13 miles

  • Public Magnet Grades 6-8

school-card-donut-6327517
4
/10

  • Studio

  • 2211 W Avenue 30

  • 6.34 miles

  • Public District Grades 6-8

High School

school-card-donut-6327518
5
/10

  • Hollywood Senior High School

  • 1521 N Highland Ave

  • 0.50 miles

  • Public Magnet Grades 9-12

school-card-donut-6327519
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-6327520
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 10.74 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

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. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7250 Franklin Ave Unit 505

What is the listing price of this property?

The listing price of 7250 Franklin Ave Unit 505 property is $729,000.

What type of property is this?

The property 7250 Franklin Ave Unit 505 is a condo located in Los Angeles, California, 90046.

Is this property for sale now?

Active Listing: 7250 Franklin Ave Unit 505 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 7250 Franklin Ave Unit 505 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 $7,410 (source: MLS/based on county public records data).

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

The last sale was on May 8, 2017 for $570,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7250 Franklin Ave Unit 505 has 1 bedroom and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 7250 Franklin Ave Unit 505 is 1,090 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7250 Franklin Ave Unit 505 is 1964.

Rocket Homes›California›Los Angeles County›Los Angeles›90046›7250 Franklin Ave Unit 505

This home is located at 7250 Franklin Ave Unit 505 in Los Angeles, CA and zip code 90046 in the Central LA neighborhood. This 1,090 square foot home, which was built in 1964, sits on a 1.23 acre lot. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $729,000.

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. The number of homes for sale in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. The median list price of listings available in April 2024 was $986,427, while the average time on the real estate market was 34 days.

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

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