7250 Franklin Avenue 1204, Los Angeles, California 90046, Los Angeles, 90046 - 2 bed, 2 bath

7250 Franklin Avenue 1204, Los Angeles, California 90046 home-pic-0
ACTIVE$1,395,000
7250 Franklin Avenue 1204, Los Angeles, California 90046
2Beds
2Baths
1,507Sqft
53,531Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Hollywood Location: Situated in the heart of Hollywood, offering immediate access to iconic landmarks, world-class dining, nightlife, and outdoor activities like Runyon Canyon.
Top Cons:
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.

Compared to the nearby listings

Price:$1.40M vs avg $690.0K (+$705,000)94%
Size:1,507 sqft vs avg 1,148 sqft74%
Price/sqft:$926 vs avg $66694%

More Insights

Built in 1964 (61 years old).
Condition: This penthouse unit has been 'newly renovated' and 'fully updated' with 'brand-new upgrades throughout,' including a gourmet kitchen with premium Samsung appliances and Caesarstone countertops, and spa-like bathrooms featuring imported Japanese black tile, Duravit toilets, and rainfall shower heads. A new HVAC system, Nest thermostat, and in-unit washer/dryer further confirm a comprehensive and recent overhaul. The images showcase a sleek, modern aesthetic with high-quality finishes and fixtures, indicating all components are new or virtually new, meeting current quality standards.
Year Built
1964
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$926
HOA
$1,054
Days on market
-
Sold On
-
MLS number
25602093
Home ConditionExcellent
Features
Excellent View: City Lights
ViewCity Lights

About this home

Location, Location, Location! Discover this newly renovated, sleek, modern and sophisticated penthouse situated in the heart of Hollywood. This fully updated residence welcomes you with grand double-door entry, an expansive open floor plan, designer finishes, and brand-new upgrades throughout all framed by captivating city views. The gourmet kitchen features premium Samsung appliances, elegant Caesarstone countertops, and a stylish wet bar perfect for entertaining. High-end details continue with square Duravit toilets, a soaking tub in the secondary bathroom, and rainfall shower heads in both bathrooms. The spacious primary suite includes a custom-organized walk-in closet, built-in pendant lighting, a versatile nook, and a stunning spa-like bathroom showcasing imported Japanese black tile and an open-concept double shower with dual rainfall heads. Additional highlights include a new HVAC system, Nest thermostat, smart smoke detectors, in-unit washer and dryer, and two tandem parking spaces equipped with EV charging. Franklin Towers an iconic Hollywood high-rise offers premier white-glove amenities such as 24/7 concierge and valet service, a heated lap pool and spa, steam room, sauna, rooftop gym, clubhouse, dog run, and a sprawling rooftop deck with panoramic 360 degree city and ocean views. Located just minutes from Runyon Canyon, Grauman's Chinese Theatre, and world-class dining and nightlife.

Price History

Date
Event
Price
04/10/98
Sold
$269,000
09/21/10
Sold
$541,500
Condition Rating
Excellent

This penthouse unit has been 'newly renovated' and 'fully updated' with 'brand-new upgrades throughout,' including a gourmet kitchen with premium Samsung appliances and Caesarstone countertops, and spa-like bathrooms featuring imported Japanese black tile, Duravit toilets, and rainfall shower heads. A new HVAC system, Nest thermostat, and in-unit washer/dryer further confirm a comprehensive and recent overhaul. The images showcase a sleek, modern aesthetic with high-quality finishes and fixtures, indicating all components are new or virtually new, meeting current quality standards.
Pros & Cons

Pros

Prime Hollywood Location: Situated in the heart of Hollywood, offering immediate access to iconic landmarks, world-class dining, nightlife, and outdoor activities like Runyon Canyon.
Extensive Luxury Amenities: Franklin Towers provides premier white-glove services including 24/7 concierge/valet, a heated lap pool/spa, steam room, sauna, rooftop gym, clubhouse, dog run, and a sprawling rooftop deck with panoramic views.
Newly Renovated Penthouse: A fully updated, sleek, modern, and sophisticated penthouse with designer finishes and brand-new upgrades throughout.
High-End Interior & Smart Features: Features include a gourmet kitchen with premium Samsung appliances and Caesarstone, luxurious spa-like bathrooms, a new HVAC system, Nest thermostat, and in-unit washer and dryer.
Captivating City & Ocean Views: The unit offers captivating city views, complemented by panoramic 360-degree city and ocean views from the building's expansive rooftop deck.

Cons

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 Association Fees: The monthly association fee of $1,054 is substantial and adds significantly to the overall cost of ownership.
Building Age: Built in 1964, the building is over 50 years old, which, despite unit renovations, could imply potential for future special assessments or maintenance issues for building-wide systems.
Tandem Parking: While two parking spaces are provided with EV charging, the tandem configuration can be inconvenient for daily use, requiring coordination between vehicle owners.

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