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5181 Franklin Avenue, Los Angeles, California 90027, Los Angeles, 90027 - 4 bed, 4 bath

5181 Franklin Avenue, Los Angeles, California 90027 home-pic-0
ACTIVE$2,249,000
5181 Franklin Avenue, Los Angeles, California 90027
4Beds
4Baths
2,285Sqft
7,838Lot
Year Built
1921
Close
-
List price
$2.25M
Original List price
$2.25M
Price/Sqft
$984
HOA
-
Days on market
-
Sold On
-
MLS number
25484319
Home ConditionExcellent
Features
Excellent View: City Lights
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 23% below the list price. We found 4 Cons,6 Pros. Rank: price - $2.25M(47th), sqft - 2285(41th), beds - 4(52th), baths - 4(55th).

Authentic 1920's Celebrity ready Spanish Villa set above the street atop a gated driveway under the watch of the Griffith Observatory. This architectural gem is a true statement of Old Hollywood replete with systems upgrades and previous involvement by Wallace Neff AIA in earlier renovations. Access is provided through a gated double wide newer driveway with newer electrical vault and drainage upgrades. A front facing entertainer's patio introduces the home with a wisteria covered dining patio plus outdoor seating areas with treetop view patio & BBQ area. The ideal floor plan offers a 2-story great room with hand stenciled wood beam ceilings & walls of glass. A minstrel's loft overlooks the great room and leads to 2 of the 4 en-suite bedrooms upstairs. The primary suite offers DTLA views, walk-in closet and a spa style black and white bath with dual sinks and marble counter tops plus a sep. viewing patio. The second junior primary suite has an additional walk-in closet & renovated bath with clean & crisp white tile. Downstairs are 2 additional bedroom suites currently used as an office and den each with private bath access. The reimagined kitchen feels vintage but has all the modern amenities including dual sinks, abundant cabinets & stainless appliances & features a Bertazzoni 6 burner range and oven. With authentic detailing throughout, Culligan whole house water filtration system, newer HVAC Systems and designer interior lighting by RBW, including Vision 3 lighting accenting the verdant exterior landscaping, this private hilltop manor is the ideal escape from the bustling City below offering easy access to Hollywood/Los Feliz restaurants, nightlife and so much more. Come live your best life at 5181 Franklin Ave.

Nearby schools

7/10
Los Feliz STEMM Magnet
Public,•K-6•0.6mi
4/10
Grant Elementary School
Public,•K-6•0.7mi
6/10
Cheremoya Avenue Elementary School
Public,•K-6•1.0mi
8/10
Franklin Avenue Elementary School
Public,•K-6•1.0mi
/10
Lexington Avenue Primary Center
Public,•K-2•1.2mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•1.5mi
5/10
Micheltorena Street Elementary School
Public,•K-5•2.0mi
9/10
Ivanhoe Elementary School
Public,•K-5•2.1mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.1mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.5mi
8/10
John Marshall Senior High School
Public,•9-12•1.5mi
6/10
Hollywood Senior High School
Public,•9-12•2.1mi

Price History

Date
Event
Price
10/08/25
Sold
$2,100,000
09/20/13
Sold
$1,100,000
08/18/05
Sold
$1,199,000
Condition Rating
Excellent
Despite being built in 1921, this property has undergone extensive, high-quality renovations, aligning with the 'Excellent' criteria for properties extensively renovated within 5 years. The description highlights a 'reimagined kitchen' with modern amenities, stainless appliances, and a Bertazzoni 6-burner range, along with 'spa style' and 'renovated' bathrooms featuring marble countertops and crisp white tile. Crucially, it mentions 'systems upgrades,' 'newer electrical vault and drainage upgrades,' 'newer HVAC Systems,' and a 'Culligan whole house water filtration system,' indicating that major components are new or virtually new and meet current quality standards. The 'designer interior lighting' and 'Celebrity ready' status further support a condition of minimal physical depreciation and no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Historic Architectural Pedigree & Design: An authentic 1920s Spanish Villa, an architectural gem with 'Old Hollywood' charm, featuring previous renovations by Wallace Neff AIA, hand-stenciled wood beam ceilings, and walls of glass in the 2-story great room.
Extensive Modern Upgrades & Amenities: The property boasts significant system upgrades including newer HVAC, electrical vault, drainage, a Culligan whole-house water filtration system, and designer interior lighting. The kitchen is reimagined with modern amenities and a Bertazzoni 6-burner range.
Private Hilltop Location with City Views: Set above the street atop a gated driveway, this private hilltop manor offers desirable DTLA and city lights views, with easy access to Hollywood/Los Feliz restaurants and nightlife.
Luxurious & Versatile En-Suite Accommodations: All four bedrooms are en-suite, including a primary suite with DTLA views, a walk-in closet, and a spa-style marble bath, plus a junior primary suite and two versatile downstairs suites.
Enhanced Outdoor Entertaining Spaces: Features include a front-facing entertainer's patio, a wisteria-covered dining patio, outdoor seating areas with treetop views, a BBQ area, and a separate viewing patio off the primary suite, complemented by verdant exterior landscaping.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-10-08. The sold price is $2,100,000.00.
Significant Valuation Gap: The current list price of $2.249M is substantially higher than the estimated property value of $1.728M, indicating a potential overpricing or a challenge in justifying the asking price based on automated valuations.
Absence of a Swimming Pool: For a luxury property in Los Angeles, the lack of a swimming pool might be a drawback for some high-end buyers, especially given the focus on outdoor entertaining and the price point.
Moderate Interior Square Footage: While well-appointed, the interior square footage of 2285 sqft is not exceptionally large for a 'celebrity-ready' villa in this price range, which could be a consideration for buyers seeking more expansive living areas.

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