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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$1,345,000$1,507/sqft
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: Strategically located in the heart of Hollywood, offering immediate access to iconic landmarks like Runyon Canyon, Grauman's Chinese Theatre, and world-class dining and nightlife, enhancing desirability and potential appreciation.
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:$1.34M vs avg $742.5K (+$602,500)92%
Size:1,507 sqft vs avg 1,148 sqft69%
Price/sqft:$893 vs avg $65894%

More Insights

Built in 1964 (62 years old).
Condition: Despite the building's 1964 construction, the unit has undergone a recent and extensive renovation, as explicitly stated and visually confirmed. The kitchen features premium Samsung appliances, sleek gray cabinetry, and Caesarstone countertops. Bathrooms are spa-like with modern fixtures, Duravit toilets, rainfall showerheads, and high-end tiling (marble-look and imported Japanese black tile). New HVAC, Nest thermostat, and smart smoke detectors further indicate a comprehensive, high-quality update, making the unit's condition virtually new and meeting current standards.
Year Built
1964
Close
-
List price
$1.34M
Original List price
$1.34M
Price/Sqft
$893
HOA
$1,054
Days on market
-
Sold On
-
MLS number
26632565
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
Pool
Spa
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.

N
Nik Kafetzopoulos
Listing Agent

Price History

Date
Event
Price
04/10/98
Sold
$269,000
09/21/10
Sold
$541,500
Condition Rating
Excellent
Despite the building's 1964 construction, the unit has undergone a recent and extensive renovation, as explicitly stated and visually confirmed. The kitchen features premium Samsung appliances, sleek gray cabinetry, and Caesarstone countertops. Bathrooms are spa-like with modern fixtures, Duravit toilets, rainfall showerheads, and high-end tiling (marble-look and imported Japanese black tile). New HVAC, Nest thermostat, and smart smoke detectors further indicate a comprehensive, high-quality update, making the unit's condition virtually new and meeting current standards.
Pros & Cons

Pros

Prime Hollywood Location: Strategically located in the heart of Hollywood, offering immediate access to iconic landmarks like Runyon Canyon, Grauman's Chinese Theatre, and world-class dining and nightlife, enhancing desirability and potential appreciation.
Extensive Modern Renovation: The penthouse has undergone a complete, sleek, and modern renovation with designer finishes and brand-new upgrades throughout, providing a move-in ready luxury experience.
Luxury Finishes & Smart Home Features: Boasts premium Samsung appliances, Caesarstone countertops, high-end bathroom fixtures (Duravit, rainfall showers, Japanese black tile), new HVAC, Nest thermostat, smart smoke detectors, and EV charging, offering comfort and convenience.
Premium Building Amenities: Franklin Towers provides 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 360-degree city and ocean views.
Captivating City Views: The residence is framed by captivating city views, adding significant aesthetic appeal and a sense of luxury living.

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 Association Fees: The monthly association fee of $1,054.00 is substantial and represents a significant ongoing cost for ownership, which could impact affordability for some buyers.
Building Age: Built in 1964, the building's age, despite unit renovations, might raise concerns for some buyers regarding potential future building-wide assessments or maintenance issues not covered by the HOA.
Condominium Living Restrictions: As a condominium, the property comes with HOA rules and shared living spaces, which may not appeal to buyers seeking complete autonomy, privacy, or private outdoor areas.
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