7250 Franklin Avenue 1006, Los Angeles, California 90046, Los Angeles, 90046 - 0 bed, 1 bath
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7250 Franklin Avenue 1006
Los Angeles, California 90046
ACTIVE
CONDITION: GOOD
0Beds
1Baths
449Sq Ft
53,531Lot Size
Property Price
LIST PRICE$250,000
EST. MARKET VALUE
$263,607
5% BelowMARKET VALUE
SUMMARY
This Move-in Ready Studio represents a Strong Value Opportunity, listed at a List Price of $250,000—positioned well below the $263,607 Fair Market Value by 5%. This valuation gap provides $13,607 in Instant Equity. Featuring a Condition Rating of 3, the unit includes hardwood floors, recessed lighting, and a modernized kitchen. Residents enjoy premium amenities like a 360-degree roof deck, pool, and concierge. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a convenient, low-maintenance Hollywood lifestyle.
Estimated Market Value
$263,607+$13,607 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 7250 Franklin Avenue 1006 Subject 0 bd · 1 ba · 449 sqft · $587 | $250,000* List Price | 0 | 1 | 449 | $587 | - |
A 1745 Camino Palmero Street 106 Sold 0 bd · 1 ba · 623 sqft · $514 · 0.2 mi | $320,000 | 0 | 1 | 623 | $514 | 0.2 mi |
B 7250 Franklin Avenue 506 Active 0 bd · 1 ba · 492 sqft · $559 | $275,000 List Price | 0 | 1 | 492 | $559 | - |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although the building was constructed in 1964, the unit is move-in ready and features updates including hardwood flooring, recessed lighting, and a modernized bathroom vanity and fixtures. The kitchen and living areas appear well-maintained and functional, consistent with a renovation performed within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Hollywood Location
Situated in the iconic Franklin Towers, the property offers unparalleled access to the Sunset Strip, Runyon Canyon, and major Hollywood landmarks, providing a high-demand lifestyle location.
- Comprehensive Building Amenities
Residents enjoy full-service luxury including 24/7 concierge, valet parking, a resort-style pool, gym, and a 360-degree rooftop observation deck with stunning city views.
- Modernized Interior Finishes
The studio features high-quality updates such as hardwood floors, recessed lighting, and a functional cook's kitchen, offering a move-in-ready aesthetic.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =53531, other record lot size in square feet = 53586.
- High Monthly Carrying Costs
The association fee of $994 per month is significantly high relative to the $250,000 list price and small square footage, which may deter budget-conscious buyers.
- Limited Living Space
At only 449 square feet, the studio layout offers very restricted living and storage space, limiting its appeal to single occupants or those seeking a pied-à-terre.
About 7250 Franklin Avenue 1006
Your opportunity to live in one of the most desirable full-service buildings in the Hollywood foothills. Built in 1964, the iconic Franklin Towers celebrated their opening alongside the inception of the World Famous Sunset Strip's Whiskey a Go Go, Universal Studios debuted their studio tour and the Beatles British Invasion dominated pop culture. This has remained the perfect location to take in the Hollywood experience in a resort-like community with incredible services including concierge, expansive pool patio, gym, valet parking and 360 degree roof deck with observation deck. This updated studio apartment features hardwood floors, brick detail, recessed lighting, good closet space and a charming cook's kitchen ideal for preparing meals made with ingredients from a handful of weekly neighborhood farmer's markets. Close proximity to Beverly Hills, Burbank Airport, the Hollywood Bowl, the Magic Castle, Runyon Canyon and the L.A. Metro B Line station at Hollywood & Highland. This is an incredible opportunity for those looking for convenience and comfort.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1964
- Lot Size
- 53,531 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $994.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 449 | 1,252.996 |
| Lot Size | 53,531 | 26,029.603 |
| Price | $250.0K | $778.5K |
| Price per sq ft | $557 | $629 |
| Built year | 1964 | 1981 |
| HOA | $994.0 | $676 |
| Days on market | 35 | 74 |
Pricing History
Listed for Sale
Oct 5, 2026
$250,000
Initial Listing
Sold
Nov 26, 2013
$269,500
Public Record
Sold
Nov 22, 2005
$331,000
Public Record
Sold
Sep 30, 1998
$7,500
Public Record