5231 Franklin Avenue, Los Angeles, California 90027, Los Angeles, 90027 - 5 bed, 4 bath
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Los Angeles, California 90027
Analysis of 5231 Franklin Avenue, Los Angeles, California 90027 is currently available with a list price of $3,750,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1921, this property is explicitly described as a 'blank canvas' in need of a 'complete overhaul' and 'total restoration.' The listing states that every room requires work, indicating significant deferred maintenance and the likely necessity of replacing all major systems, including the kitchen, bathrooms, electrical, and plumbing, to make the home habitable by modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23530, living area = 4743.
Elementary School: Ivanhoe Elementary School (9/10).
Situated in the exclusive Laughlin Park neighborhood of Los Feliz, this property offers a rare opportunity to own in one of Los Angeles' most storied and secure gated communities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =23530, other record lot size in square feet = 18517. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4743, other record living area = 3480.
The property is in need of a complete overhaul and total restoration, as every room requires significant work to be made habitable or modern.
Beyond the $3.75M acquisition cost, the scale of the necessary repairs will require a substantial additional financial investment and a lengthy construction timeline.
Step into the prestigious Laughlin Park neighborhood and discover a hidden gem awaiting its revival. Five bedrooms, four bathrooms, and an impressively large lot that exudes potential. Elevated above the street and shrouded by trees, this once-grand home boasts the timeless charm and sophistication of its era. The entrance welcomes you with a classic pathway and a gate that opens to the famous Laughlin Park - a serene oasis in the heart of the bustling city. However, this property requires an inspired buyer with an eye for design and a passion for renovation. The interior is a blank canvas, waiting to be transformed into a breathtaking masterpiece. Every room needs work, and the home is in need of a complete overhaul. But the reward is great: the chance to create your own vision and restore this residence to its former glory. The potential is endless, limited only by your imagination. You could create an entertainer's paradise or a tranquil retreat, all while enjoying the lush surroundings that surround the property. 5231 Franklin is the perfect opportunity for those who appreciate the magic of restoration and the rewards of patience. Take advantage of this rare opportunity and create a legacy in one of Los Angeles' most sought-after neighborhoods.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 0.7 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 84% |
| Baths | 4.0 | 3.0 | 53% |
| Square foot | 4,743 | 2,587 | 91% |
| Lot Size | 23,530 | 7,104 | 94% |
| Price | $3.75M | $2.27M | 89% |
| Price per sq ft | $791 | $985 | 21% |
| Built year | 1921 | 1937 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 181 | 10% |
Mar 2, 2026
$3,750,000
Initial Listing