3950 Franklin Avenue, Los Angeles, California 90027, Los Angeles, 90027 - 3 bed, 4 bath
3950 Franklin Avenue
Los Angeles, California 90027
Property Price
SUMMARY
Analysis of 3950 Franklin Avenue, Los Angeles, California 90027 reveals a Fairly Priced Property with a current list price of $1,675,000 aligned with the estimated $1,701,014 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
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 | $1,033 | - |
A 2220 Richland Avenue Sold | $1,925,000 | 3 | 2 | 1,872 | $1,028 | 0.6 mi |
B 3828 Tracy Street Sold | $1,995,000 | 4 | 3 | 1,970 | $1,013 | 0.1 mi |
C 2367 Ronda Vista Drive Sold | $2,120,000 | 2 | 2 | 1,855 | $1,143 | 0.1 mi |
D 4209 Clayton Avenue Sold | $1,976,000 | 3 | 2 | 2,069 | $955 | 0.4 mi |
E 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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Ivanhoe Elementary School (9/10).
- Income Potential & Versatility
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.
- Rare Hillside Lot Utility
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.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1647, other record living area = 1876.
- Limited Parking Infrastructure
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.
- Compact Interior Footprint
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.
About 3950 Franklin Avenue
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 4,227 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 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
Ivanhoe Elementary School
Grades K-5 • 0.7 mi
Los Feliz STEMM Magnet
Grades K-6 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 1,647 | 2,523 | 13% |
| Lot Size | 4,227 | 7,312.5 | 17% |
| Price | $1.68M | $2.46M | 19% |
| Price per sq ft | $1.0K | $1.0K | 51% |
| Built year | 1947 | 1935 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 175 | 3% |
Pricing History
Listed for Sale
Feb 14, 2026
$1,675,000
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