3950 Franklin Avenue, Los Angeles, California 90027, Los Angeles, 90027 - 3 bed, 4 bath
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Los Angeles, California 90027
This Versatile Turnkey Residence represents a Strategic Value Purchase, listed at $1,675,000—positioned well below the $1,701,014 Fair Market Value by 1%. This valuation gap provides $26,014 in Instant Equity. Boasting a Condition Rating of 2, the home features high-end modern finishes, a rare flat backyard, and a permitted Junior ADU for rental income or multi-generational living. Located in the Ivanhoe Elementary district with Griffith Observatory views, it balances luxury with utility. This is an ideal acquisition for Owner-Occupants or Multi-generational Families seeking a move-in-ready retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3950 Franklin Avenue Subject | $1,675,000* List Price | 3 | 4 | 1,647 | $1,017 | - |
A 1757 Hollyvista Avenue Sold | $2,175,000 | 3 | 4 | 2,166 | $1,004 | 0.2 mi |
B 2220 Richland Avenue Sold | $1,925,000 | 3 | 2 | 1,872 | $1,028 | 0.6 mi |
C 4022 Prospect Avenue Sold | $1,820,000 | 2 | 2 | 2,090 | $871 | 0.3 mi |
D 3828 Tracy Street Sold | $1,995,000 | 4 | 3 | 1,970 | $1,013 | 0.1 mi |
E 2367 Ronda Vista Drive Sold | $2,120,000 | 2 | 2 | 1,855 | $1,143 | 0.1 mi |
F 4209 Clayton Avenue Sold | $1,976,000 | 3 | 2 | 2,069 | $955 | 0.4 mi |
G 3822 Clayton Avenue Active | $1,659,900 List Price | 4 | 3 | 1,568 | $1,059 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1947, the property has undergone an extensive recent renovation within the last 5 years, bringing it to current quality standards. Major upgrades include a full electrical re-wire, new 200 amp panel, new central HVAC and ducts, new windows, newer plumbing, and a tankless water heater. The interior features high-end modern finishes such as engineered wood flooring and cement plaster shower walls, and the addition of a fully permitted Junior ADU indicates a comprehensive and professional update with no deferred maintenance.
Elementary School: Ivanhoe Elementary School (9/10).
The property features a fully permitted attached Junior ADU (JADU) with its own mini-split system, providing an ideal setup for rental income, multi-generational living, or a private home office.
A spacious, flat backyard is a rare find in the Franklin Hills, offering highly functional outdoor living space for entertaining and gardening that is typically unavailable in hillside residences.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1647, other record living area = 1876.
The property relies on driveway parking for two cars and lacks a garage, which may be a significant drawback for buyers with multiple vehicles or those requiring secure storage.
With 1,647 total square feet divided between the main residence and the JADU, the individual living areas and bedrooms may feel undersized for the $1.675M price point.
Tucked away in the serene and highly sought-after Franklin Hills neighborhood, just steps from the iconic Shakespeare Bridge, 3950 Franklin Avenue is a versatile home that offers a rare blend of privacy, space, and convenience. The residence features a spacious, flat backyard—an uncommon find in the hills—making it perfect for entertaining during LA’s long summers and mild winters. Inside, the home offers 3 bedrooms and 3.5 bathrooms in total. The main residence features 2 bedrooms and 2.5 baths, while a fully permitted attached Junior ADU provides an additional 1 bed/1 bath—ideal for guests, extended family, or rental income. Peekaboo views of the Griffith Observatory framed by treetops bring a sense of tranquility and connection to nature. Enjoy fresh avocados and lemons year-round from mature fruit trees, or simply relax outdoors surrounded by lush greenery that offers a peaceful escape from city life. Features include engineered wood flooring, new central HVAC & ducts, new mini split in JADU, tankless water heater, 200 amp panel, new windows, new electrical re-wire throughout the house, newer plumbing, cement plaster shower walls and more. Driveway parking for two cars. Located just a 15-minute stroll across the historic Shakespeare Bridge, you’ll find all the charm and convenience of Hillhurst Avenue—home to beloved local spots like Alcove, Little Dom’s, All Time, Encanto, and Jeni’s Ice Cream. Frequent hikes in nearby Griffith Park, and easy access to Los Feliz Village, make this home perfect for anyone seeking both serenity and a vibrant community lifestyle. Ideally positioned just minutes to Silver Lake, Atwater Village, Virgil Village, and Hollywood—this is a rare opportunity to own a peaceful retreat in one of the city’s most coveted neighborhoods.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 4.0 | 3.0 | 53% |
| Square foot | 1,647 | 2,561 | 16% |
| Lot Size | 4,227 | 6,988.5 | 16% |
| Price | $1.68M | $2.25M | 17% |
| Price per sq ft | $1.0K | $995 | 53% |
| Built year | 1947 | 1938 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 67 | 181 | 16% |
Feb 14, 2026
$1,675,000
Initial Listing
Aug 3, 2023
$995,000
Public Record
Mar 16, 2021
$920,000
Public Record
Mar 16, 2021
$960,000
Public Record