7250 Franklin Avenue 1006, Los Angeles, California 90046, Los Angeles, 90046 - 0 bed, 1 bath
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Los Angeles, California 90046
This Turnkey Condominium presents a Strong Value Opportunity, listed at $340,000—positioned above the $317,087 Fair Market Value. While priced slightly above current estimates, the property maintains a Condition Rating of 3, featuring modern kitchen cabinetry, stainless steel appliances, and hardwood floors. Residents enjoy resort-style amenities, including a 24-hour concierge, pool, and a 360-degree roof deck. Its prime location in the Hollywood foothills offers unmatched access to the Sunset Strip and Runyon Canyon. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7250 Franklin Avenue 1006 Subject | $340,000* List Price | 0 | 1 | 449 | $706 | - |
A 7250 Franklin 406 Sold | $324,000 | 0 | 1 | 449 | $722 | 0.0 mi |
B 7250 Franklin Avenue 506 Active | $330,000 List Price | 0 | 1 | 492 | $671 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the building was constructed in 1964, the unit has been significantly updated. The kitchen features modern dark cabinetry, stainless steel appliances, and a contemporary backsplash. The bathroom has been refreshed with a modern vanity and glass shelving. With hardwood floors and recessed lighting throughout, the property is move-in ready and appears to have been renovated within the last 5-15 years.
Located in the iconic Franklin Towers, the property offers premium full-service amenities including a 24-hour concierge, valet parking, a gym, and a 360-degree roof deck with observation views.
The unit boasts an exceptional location in the Hollywood foothills, providing immediate access to Runyon Canyon, the Sunset Strip, and major transit hubs like the L.A. Metro B Line.
This updated studio features contemporary finishes such as hardwood floors, recessed lighting, and a charming cook's kitchen, offering a move-in-ready experience for urban professionals.
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.
The association fee of $994 per month is significantly high for a 449-square-foot studio, which may impact the overall affordability and investment yield for some buyers.
With only 449 square feet of living area, the compact studio layout offers restricted space for furniture and storage, potentially limiting its appeal to single occupants or pied-à-terre seekers.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 4% |
| Baths | 1.0 | 2.0 | 42% |
| Square foot | 449 | 1,013 | 4% |
| Lot Size | 53,531 | 26,205 | 78% |
| Price | $340.0K | $699.0K | 4% |
| Price per sq ft | $757 | $668 | 82% |
| Built year | 1964 | 1972 | 44% |
| HOA | $994.0 | $635 | 91% |
| Days on market | 18 | 148 | 2% |
May 19, 2026
$340,000
Initial Listing
Nov 26, 2013
$269,500
Public Record
Nov 22, 2005
$331,000
Public Record
Sep 30, 1998
$7,500
Public Record