
Los Angeles, California 90046
This Turnkey Condominium represents a Strong Value Opportunity, listed at $699,000—positioned well below the $710,105 Fair Market Value by 1.5%. This valuation gap offers $11,105 in Instant Equity for the buyer. Featuring a Mint Condition Rating with high-end renovations, this unit includes a wraparound balcony with panoramic views, a modern kitchen with quartz island, and luxury Fleetwood doors. It is an ideal acquisition for Owner-Occupants seeking a luxury lifestyle or first-time buyers prioritizing convenience.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7250 Franklin Avenue 616 Subject | $699,000* List Price | 2 | 2 | 1,212 | $586 | - |
A 7250 Franklin Avenue 512 Sold | $715,000 | 2 | 2 | 1,009 | $709 | 0.0 mi |
B 7300 Franklin Avenue 548 Sold | $685,000 | 2 | 2 | 1,191 | $575 | 0.1 mi |
C 1823 N Fuller Avenue 4 Sold | $845,000 | 2 | 3 | 1,690 | $500 | 0.1 mi |
D 1823 N Fuller Avenue 2 Sold | $810,000 | 2 | 3 | 1,690 | $479 | 0.1 mi |
E 1550 N Laurel Avenue 201 Sold | $744,000 | 2 | 2 | 1,103 | $675 | 1.0 mi |
F 1310 N Detroit Street 401 Sold | $730,000 | 2 | 2 | 1,215 | $601 | 0.6 mi |
G 7320 Hawthorn Avenue 207 Sold | $560,000 | 2 | 2 | 1,060 | $528 | 0.3 mi |
H 7250 Franklin Avenue 1112 Active Under Contract | $679,000 List Price | 2 | 2 | 1,009 | $673 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1964, the unit has undergone a comprehensive high-end renovation within the last 5 years. It features a modern kitchen with a quartz island, updated bathrooms with rainfall showers and floor-to-ceiling tile, and premium upgrades like Fleetwood sliding doors and windows, placing it in mint, move-in-ready condition.
The unit is move-in ready and features premium upgrades throughout, including luxury Fleetwood sliding doors, quartz countertops, and a primary suite with a rainfall shower and double vanity.
Residents enjoy a comprehensive luxury lifestyle with 24-hour valet and door person services, a rooftop gym, pool, sauna, steam rooms, and a dedicated dog run.
The south-facing wraparound balcony offers stunning views of Century City and the ocean, situated in a highly walkable area near Runyon Canyon and the Sunset Strip.
The association fee of $1,318.38 per month is substantial and may impact the overall affordability and debt-to-income ratio for potential buyers.
The property is specifically priced for a cash sale opportunity, which may indicate challenges with traditional financing or a requirement for an expedited closing process.
This move in ready, priced below market value for a cash sale opportunity, is updated throughout, 1,212-square-foot, 2-bedroom, 2-bath, south-facing, quiet side, high-rise condo at 7250 Franklin Avenue, Unit 616, features a wraparound balcony with Century City and often ocean views. Enjoy opposite-side bedrooms creating privacy, updated luxury Fleetwood sliding doors and windows that open with ease, electric fireplaces in the living room and primary suite and the primary suite featuring a walk-in closet and a double-vanity en-suite with an oversized step-in rainfall shower with extended bench. The flexible guest bedroom includes a hidden Murphy bed, easily doubling as an office or flex space. The updated guest bath has a sleek, glass-enclosed floor-to-ceiling tiled stall shower. The kitchen stands out with a large island and bar seating, a range cooktop, quartz countertops, and hidden in-unit laundry. Full-service amenities including guest valet, door person, clubhouse, sauna, steam rooms, yoga room, sun deck, pool, spa, rooftop gym, rooftop sundeck, and dog run. New elevators coming soon. Close proximity to Hollywood, premier hiking at Runyon Canyon, iconic Sunset Strip dining and entertainment. This condo blends modern living with convenience. Elevate your move.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,212 | 1,243 |
| Lot Size | 53,586 | 24,016 |
| Price | $699.0K | $805.6K |
| Price per sq ft | $577 | $659 |
| Built year | 1964 | 1981 |
| HOA | $1318.38 | $684 |
| Days on market | 14 | 71 |
Jul 8, 2026
$699,000
Initial Listing
Aug 15, 2019
$690,000
Public Record