3950 Franklin Avenue, Los Angeles, California 90027, Los Angeles, 90027 - 2 bed, 1 bath
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3950 Franklin Avenue
Los Angeles, California 90027
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,247Sq Ft
4,227Lot Size
Property Price
LIST PRICE$1,200,000
EST. MARKET VALUE
$1,200,265
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,200,000—positioned well below the $1,200,265 Fair Market Value by 0.02%. Featuring a Condition Rating of 5, this REO asset requires a full interior renovation, yet offers significant upside through its Junior ADU and potential 3-bedroom layout. Located in Franklin Hills near top-rated schools like Ivanhoe Elementary, this project is ideal for Fix-and-Flip Investors or Contractors capable of navigating the permitting and structural requirements to unlock its full value.
Estimated Market Value
$1,200,265
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3950 Franklin Avenue Subject | $1,200,000* List Price | 2 | 1 | 1,247 | $963 | - |
A 2050 Sanborn Active Under Contract | $1,249,999 List Price | 2 | 1 | 1,254 | $997 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1947, this property is a mid-rehab 'fixer' in unlivable condition. The kitchen and bathrooms are completely gutted with exposed plumbing and electrical, requiring a full interior completion despite some recent flooring and window updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Ivanhoe Elementary School (9/10).
- Prime Franklin Hills Location
Situated in one of Northeast LA's most coveted neighborhoods, the property is steps from the iconic Shakespeare Bridge and Griffith Park, offering exceptional lifestyle appeal and long-term appreciation potential.
- Significant Value-Add Potential
The presence of a Junior ADU and additional rooms not reflected in public records provides a unique opportunity for investors or owner-users to create substantial equity and flexible living arrangements.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
Marketed as a 'true fixer' and REO opportunity sold strictly as-is, the property will require significant capital investment and construction oversight to reach its full potential.
- Permitting and Legality Risks
The discrepancy between public records (2/1) and the physical layout (3/3 with JADU) necessitates rigorous due diligence regarding permits, zoning, and the legal status of the additional square footage.
About 3950 Franklin Avenue
FRANKLIN HILLS OPPORTUNITY! Public records show the property as a 2-bedroom, 1-bathroom residence. However, upon visual inspection, the property appears to consist of 3 bedrooms and 3 bathrooms, including a Junior ADU (JADU). Buyer to independently verify all bedroom and bathroom counts, square footage, permits, zoning, legality and use of the JADU with the appropriate city agencies and professionals. Bring your vision to 3950 Franklin Ave, a unique REO opportunity nestled in the highly sought-after Franklin Hills neighborhood. This property is ready for a buyer with vision to transform it into something truly special. Whether you're an investor, contractor or owner-user, this is your chance to take on a project and create value in one of Northeast LA's most desirable locations. Just steps from the iconic Shakespeare Bridge and close to Griffith Park and the world-famous Griffith Observatory, this location puts you in the heart of everything that makes Northeast LA so desirable. The property also offers views toward the Griffith Observatory, adding an incredible backdrop and sense of place. Enjoy easy access to Griffith Park for hiking, walking and exploring, while nearby Los Feliz Village and Hillhurst Avenue offer an eclectic mix of restaurants, coffee shops, boutiques and neighborhood favorites. You're also just minutes from Silver Lake, Atwater Village and Hollywood, giving you the perfect balance of peaceful residential surroundings and easy access to some of LA's most popular destinations. This is a true fixer and an exciting opportunity for an investor, contractor or owner-user ready to bring this property back to life. The property also appears to feature a Junior ADU, offering additional living space and potential flexibility for the next owner. Buyer to independently verify all information regarding the JADU, including permits, square footage, zoning, legality and use. Property is being sold strictly AS-IS, WHERE-IS. Buyer is advised to independently verify all information, including bedroom and bathroom count, square footage, property condition, zoning, permits, JADU status, legality, use and development potential, with the appropriate professionals and governmental agencies.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 4,227 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Franklin Avenue Elementary School
Grades K-6 • 0.4 mi
8/10
Ivanhoe Elementary School
Grades K-5 • 0.7 mi
9/10
Los Feliz STEMM Magnet
Grades K-6 • 0.9 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,247 | 1,664.159 |
| Lot Size | 4,227 | 6,066.556 |
| Price | $1.20M | $1.35M |
| Price per sq ft | $962 | $806 |
| Built year | 1947 | 1939 |
| HOA | $0 | $278 |
| Days on market | 6 | 55 |
Pricing History
Listed for Sale
Sep 3, 2026
$1,200,000
Initial Listing
Sold
Aug 3, 2023
$995,000
Public Record
Sold
Mar 16, 2021
$920,000
Public Record
Sold
Mar 16, 2021
$960,000
Public Record