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7250 Franklin Avenue 512, Los Angeles, California 90046, Los Angeles, 90046 - 2 bed, 2 bath

7250 Franklin Avenue 512, Los Angeles, California 90046 home-pic-0
ACTIVE$699,000
7250 Franklin Avenue 512, Los Angeles, California 90046
2Beds
2Baths
1,009Sqft
53,531Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Situated just steps from Runyon Canyon and moments from vibrant nightlife, cafes, and shopping, offering unparalleled access to the best of LA living.
Top Cons:
High Monthly HOA Dues: The substantial monthly HOA fee of $1,156.49 adds significantly to the overall cost of ownership, which may be a deterrent for some buyers.

Compared to the nearby listings

Price:$699.0K vs avg $690.0K (+$9,000)51%
Size:1,009 sqft vs avg 1,085 sqft38%
Price/sqft:$693 vs avg $66660%

More Insights

Built in 1964 (61 years old).
Condition: Despite being built in 1964, this unit has undergone extensive and high-quality recent renovations, as evidenced by the description and images. The kitchen features modern white cabinetry, stainless steel appliances, subway tile backsplash, and contemporary countertops, all appearing virtually new. The living areas boast modern hardwood flooring, updated light fixtures, and stylish wall treatments, creating a fresh, contemporary aesthetic. Although no direct bathroom photos are provided, the description highlights a 'rain shower' in the primary suite, suggesting similar modern updates. The overall condition reflects a property that has been brought up to current quality standards with no deferred maintenance, aligning with an 'excellent' rating for its interior.
Year Built
1964
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$693
HOA
$1,156.49
Days on market
-
Sold On
-
MLS number
25611115
Home ConditionExcellent
Features
Excellent View: None
Deck
Pool
Spa
View-

About this home

Step into the epitome of Hollywood luxury with this sophisticated 2-bedroom, 2-bath condo in the renowned Franklin Towers. This unit offers an open-concept living and dining area that seamlessly extends to a private balcony, perfect for entertaining or unwinding. The gourmet kitchen boasts top-of-the-line appliances and a convenient breakfast bar, catering to culinary enthusiasts. The primary suite features an en-suite bathroom with a rain shower and its own private balcony, providing a serene retreat. The second bedroom can also be used as an office, den or podcast room. Recent updates infuse modern style throughout the unit. HOA covers full-service amenities, including valet parking, a state-of-the-art fitness center, sauna, steam room, spa, pool, dog run, 24/7 security, and concierge services. The rooftop sundeck offers panoramic city and hill views, enhancing the luxurious lifestyle. Situated just steps from Runyon Canyon and moments from vibrant nightlife, cafes, and shopping, this condo embodies the best of LA living. Seller is motivated. Creative Financing Available. Lease to own options.

Price History

Date
Event
Price
11/02/00
Sold
$167,500
03/15/24
Sold
$715,000
05/07/21
Sold
$630,000
07/27/17
Sold
$600,000
02/26/13
Sold
$285,000
Condition Rating
Excellent
Despite being built in 1964, this unit has undergone extensive and high-quality recent renovations, as evidenced by the description and images. The kitchen features modern white cabinetry, stainless steel appliances, subway tile backsplash, and contemporary countertops, all appearing virtually new. The living areas boast modern hardwood flooring, updated light fixtures, and stylish wall treatments, creating a fresh, contemporary aesthetic. Although no direct bathroom photos are provided, the description highlights a 'rain shower' in the primary suite, suggesting similar modern updates. The overall condition reflects a property that has been brought up to current quality standards with no deferred maintenance, aligning with an 'excellent' rating for its interior.
Pros & Cons

Pros

Prime Location: Situated just steps from Runyon Canyon and moments from vibrant nightlife, cafes, and shopping, offering unparalleled access to the best of LA living.
Extensive Luxury Amenities: The HOA provides a full suite of high-end amenities including valet parking, a state-of-the-art fitness center, sauna, steam room, spa, pool, dog run, 24/7 security, and concierge services.
Modern & Updated Interior: The unit features recent updates that infuse a modern style throughout, including a gourmet kitchen with top-of-the-line appliances and a primary suite with a rain shower.
Flexible Financing Options: The seller is motivated and offers creative financing and lease-to-own options, providing significant flexibility for potential buyers.
Panoramic Views & Private Balconies: The rooftop sundeck offers panoramic city and hill views, complemented by private balconies for the unit, including one off the primary suite.

Cons

High Monthly HOA Dues: The substantial monthly HOA fee of $1,156.49 adds significantly to the overall cost of ownership, which may be a deterrent for some buyers.
Building Age: Constructed in 1964, the building is older, which could potentially lead to higher maintenance costs for the association or less modern common area aesthetics despite unit updates.
Absence of Central Air Conditioning (Implied): The description does not explicitly mention a central cooling system, which, for a 1964 building, might imply reliance on window units or a lack of air conditioning, a potential drawback in Los Angeles' climate.

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