7250 Franklin Avenue 506, Los Angeles, California 90046, Los Angeles, 90046 - bed, 1 bath
7250 Franklin Avenue 506
Los Angeles, California 90046
Property Price
SUMMARY
Analysis of 7250 Franklin Avenue 506, Los Angeles, California 90046 is currently available with a list price of $380,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1964, this studio unit has undergone an extensive, high-quality renovation. The kitchen features top-of-the-line Miele, Asko, and Sub Zero appliances, European-style cabinetry, and modern finishes, appearing virtually new. The bathroom is also fully updated with a spa-like walk-in shower, rainfall showerhead, and contemporary tiling. Rich wood flooring throughout the unit, recessed lighting, and modern paint colors contribute to a pristine, move-in ready condition that meets current quality standards with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Hollywood Location
Situated in the heart of Hollywood, this property offers a vibrant urban lifestyle and a highly sought-after address, providing excellent access to entertainment and city amenities.
- Extensive Luxury Building Amenities
Residents benefit from unparalleled amenities including 24-hour front desk, valet parking, a rooftop gym and deck with city views, pool, club/lounge, yoga studio, steam room, and sauna.
- High-End Modern Interior Upgrades
The unit features sophisticated modern upgrades, rich wood flooring, and a chef's dream kitchen equipped with top-of-the-line Miele, Asko, and Sub Zero appliances.
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. Living area discrepancy between mls listing and other public or private record. mls listing living area = 492, other record living area = 449.
- Significantly High HOA Fees
The monthly association fee of $993.96 is exceptionally high, adding a substantial recurring cost to ownership and impacting overall affordability.
- Limited Living Space (Studio Unit)
With only 492 square feet, the studio layout offers limited living space, which may not appeal to all potential buyers seeking more room or a dedicated bedroom.
About 7250 Franklin Avenue 506
Discover a luxurious urban lifestyle in this stunning studio unit located on the 5th floor of the prestigious Franklin Towers, right in the heart of Hollywood. This corner unit offers privacy with no direct connecting neighbors and features modern upgrades that exude sophistication. Step inside to find rich wood flooring throughout the main living space, beautifully complemented by oversized windows that flood the unit with natural light. The kitchen is a chef's dream, equipped with European style cabinetry, top-of-the-line Miele appliances, an Asko dishwasher, and a built-in Sub Zero refrigerator. The stainless steel appliances add both style and functionality. The spacious walk-in closet provides ample storage with shelves and double rack hanging space, ensuring everything has its place. The spa-like bathroom is designed for relaxation, featuring a walk-in shower with a rainfall showerhead. Residents of Franklin Towers enjoy unparalleled amenities including 24-hour front desk service, valet parking, a rooftop gym, and a rooftop deck with breathtaking city views. Additional perks include a pool, club/lounge room, yoga studio, steam room, and sauna. Community laundry facilities are conveniently close to the unit. Embrace the vibrant Hollywood lifestyle with this exceptional studio unit that combines modern luxury with convenience and comfort. Don’t miss your chance to live in one of Los Angeles’s most sought-after addresses.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1964
- Lot Size
- 53,531 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $993.96 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 2.0 | 2% |
| Baths | 1.0 | 2.0 | 35% |
| Square foot | 492 | 1,179 | 2% |
| Lot Size | 53,531 | 20,520.5 | 83% |
| Price | $380.0K | $762.5K | 7% |
| Price per sq ft | $772 | $648 | 87% |
| Built year | 1964 | 1969 | 43% |
| HOA | $993.96 | $629 | 83% |
| Days on market | 90 | 188 | 15% |
Pricing History
Listed for Sale
Dec 6, 2025
$380,000
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