7250 Franklin Avenue 506, Los Angeles, California 90046, Los Angeles, 90046 - 0 bed, 1 bath
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7250 Franklin Avenue 506
Los Angeles, California 90046
ACTIVE
CONDITION: EXCELLENT
0Beds
1Baths
449Sq Ft
53,531Lot Size
Property Price
LIST PRICE$230,000
EST. MARKET VALUE
$242,000
4% BelowMARKET VALUE
SUMMARY
This studio condo at Franklin Towers represents a Strong Value Opportunity, listed at $230,000—positioned well below the $242,000 Fair Market Value by 4%. This valuation gap offers $12,000 in Instant Equity. Featuring a Mint Condition Rating with a modern kitchen and hardwood floors, the unit provides a high-end lifestyle with rooftop amenities and city views. While the cash-only requirement and HOA fees necessitate careful financial planning, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey pied-à-terre.
Estimated Market Value
$242,000+$12,000 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 506 Subject 0 bd · 1 ba · 449 sqft · $539 | $230,000* List Price | 0 | 1 | 449 | $539 | - |
A 7250 Franklin Avenue 1006 Active 0 bd · 1 ba · 449 sqft · $557 | $250,000 List Price | 0 | 1 | 449 | $557 | - |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite the 1964 build date, the unit features a high-end modern kitchen renovation with premium integrated appliances (Sub-Zero/Wolf style), contemporary cabinetry, and hardwood flooring throughout. The interior finishes appear to be a recent renovation within the 5-year window, presenting in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Luxury Building Amenities
Franklin Towers offers an extensive suite of full-service amenities, including a rooftop gym, pool, spa, valet, and 24-hour security, providing a high-end lifestyle rare at this price point.
- Prime Hollywood Location
Situated near Runyon Canyon and the Sunset Strip, the property offers unparalleled access to premier hiking, dining, and entertainment in one of Los Angeles' most iconic neighborhoods.
- Modern Interior Finishes
The studio features contemporary upgrades, including an open modern kitchen with high-end appliances and hardwood flooring, ensuring a move-in-ready experience for the buyer.
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.
- Financing Restrictions
The 'Cash Only' sale requirement significantly limits the pool of potential buyers and suggests potential challenges with building litigation or financial health.
- High Carrying Costs
The monthly association fee of $994 is exceptionally high for a 449-square-foot studio, which may deter investors and impact the property's overall affordability.
About 7250 Franklin Avenue 506
Priced for CASH ONLY sale opportunity now. Discover modern high-rise living at Franklin Towers, located at 7250 Franklin Avenue #506, Los Angeles, CA. This approximately 449-square-foot studio condo features hardwood flooring, southeast views, an open modern kitchen with high-end appliances, ample storage, and a walk-in closet.Franklin Towers offers full-service amenities, including guest valet, a door person, a clubhouse, a sauna, steam rooms, a yoga room, a sun deck, a pool and spa about to get its upgrade, a rooftop gym, a rooftop sundeck, and a dog run. New elevators are coming soon as this iconic architectural building continues to evolve for the decades ahead. Located near Hollywood and West Hollywood, the condo provides convenient access to hiking at Runyon Canyon and the dining, nightlife, entertainment, and grocery options of the iconic Sunset Strip. Whether you're looking for your first home or a pied--terre in the City of Angels, this studio blends modern living with convenience. With its location, amenities, and potential for future equity, #506 presents an opportunity to create the lifestyle you choose. Elevate your move.
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 | $230.0K | $778.5K |
| Price per sq ft | $512 | $629 |
| Built year | 1964 | 1981 |
| HOA | $994.0 | $676 |
| Days on market | 10 | 74 |
Pricing History
Listed for Sale
Oct 30, 2026
$230,000
Initial Listing
Sold
Jul 1, 2015
$325,000
Public Record
Sold
Jun 30, 2006
$295,000
Public Record
Sold
Aug 4, 1997
$60,000
Public Record