Perched above the iconic Sunset Strip in the prestigious Hollywood Hills, this expansive 5,986 square foot vacant lot offers a rare opportunity to construct a custom architectural masterpiece. With panoramic views of West Hollywood, this prime location combines the allure of luxury living with the privacy and exclusivity desired by those looking to craft their dream home in one of Los Angeles' most sought-after neighborhoods. This generous parcel of land provides ample space for a size-able residence alongside potential outdoor amenities such as a pool, terraced gardens, and expansive decks designed to showcase the stunning vistas. The lot's conducive topography and dimensions invite innovative architectural designs, allowing for a residence that not only harmonizes with its natural surroundings but also maximizes the potential for natural light and breathtaking cityscape panoramas. Nestled in a serene enclave of the Hollywood Hills, this property promises a secluded retreat from the city's hustle while maintaining close proximity to luxury dining, entertainment, and shopping destinations. It represents an exceptional investment opportunity, with vacant lots in this area being a rarity. This is more than just a piece of land; it's a blank canvas awaiting an architectural vision, offering the chance to create a bespoke residence that encapsulates personal style and sophistication in Los Angeles' most glamorous neighborhood.
Property Details
Property Features
Listing Office:
Office Name: Vimvi California
Office Email: mark@vimvi.com
Listing Agent: Mark MacFarlane
Exterior Features
Exterior Information:
View: City Lights, Panoramic
Lot Features
Lot Information:
Lot: Sloped Down, Sloped
Lot Size: 0.14 Acres
School Info
Assigned Schools Information:
Fairfax Senior High School, Public Magnet Grades 9-12
Hollywood Senior 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: From Sunset Blvd/La Cienega BlvdHead East 500ft on SunsetTurn left on Queens RdTake Queens Rd to Franklin AveTurn Left on Franklin AveLot is on the Left between 8690 & 8698Across from 8693
Price Information
Listing Price Info
Price Summary:
List Price: $1,498,000
Tax Information:
Annual Amount: $18,842
Tax Year: 2021
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 $522K more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #P1-16951
Listing Office:
Office Name: Vimvi California
Office Email: mark@vimvi.com
Listing Agent: Mark MacFarlane
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: 4/29/2024, 10:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
May 23, 2018
May 23, 2018Home Sold
$1,500,000
Oct 10, 2014
Oct 10, 2014Home Sold
$1,400,000
Jan 19, 2005
Jan 19, 2005Home Sold
$910,000
Mar 13, 2002
Mar 13, 2002Home Sold
$530,000
Jan 09, 1996
Jan 09, 1996Home Sold
$335,000
Apr 21, 1989
Apr 21, 1989Home Sold
$430,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$18,842
$1,581,920
2020
$18,216
$1,560,600
2019
$18,508
$1,530,000
2018
$17,531
$1,478,772
2017
$17,531
$1,449,776
History based on county public records data.
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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
7
/10
Gardner Street Elementary School
7450 Hawthorn Ave
Distance between this listing and this school1.56 miles
Public District Grades KG-6
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.13 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school16.42 miles
Public Magnet Grades 1-5
Middle School
4
/10
Hubert Howe Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school2.45 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school8.15 miles
Public District Grades 6-8
High School
4
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school1.48 miles
Public Magnet Grades 9-12
5
/10
Hollywood Senior High School
1521 N Highland Ave
Distance between this listing and this school2.22 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school9.55 miles
Public Magnet Grades 9-12
Assigned Schools
7
/10
Gardner Street Elementary School
7450 Hawthorn Ave
Distance between this listing and this school1.56 miles
Public District Grades KG-6
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.13 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school16.42 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Hubert Howe Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school2.45 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school8.15 miles
Public District Grades 6-8
Nearby Schools
4
/10
Laurel Elementary School
925 N Hayworth Ave
Distance between this listing and this school1.15 miles
Public District Grades KG-8
Assigned Schools
4
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school1.48 miles
Public Magnet Grades 9-12
5
/10
Hollywood Senior High School
1521 N Highland Ave
Distance between this listing and this school2.22 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school9.55 miles
The neighbors living near this home have an average income of $93,864. Typical income of Los Angeles, CA residents is $200k+ annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8692 Franklin Ave
What is the listing price of this property?
The listing price of 8692 Franklin Ave property is $1,498,000.
What type of property is this?
The property 8692 Franklin Ave is land located in Los Angeles, California, 90069.
Is this property for sale now?
Active Listing: 8692 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 8692 Franklin Ave are: Gardner Street Elementary School: GreatSchools Rating 7/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Hubert Howe Bancroft Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Fairfax Senior High School: GreatSchools Rating 4/10Hollywood Senior High School: GreatSchools Rating 5/10Daniel 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 $18,842 (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 23, 2018 for $1,500,000. (source: MLS/tax record).
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This home is located at 8692 Franklin Ave in Los Angeles, CA and zip code 90069 in the Central LA neighborhood. This home sits on a 0.14 acre lot. It has been listed on Rocket Homes since March 22, 2024 and is currently priced at $1,498,000.
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 listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. In March 2024 median list price was $975,970 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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