
Los Angeles, California 90046
This property presents a High-Potential Investment Opportunity with a List Price of $495,000—positioned slightly above the $482,273 Fair Market Value. While the unit requires a full rehab due to its Condition Rating of 5, the 1,047 square foot layout and 360-degree rooftop views provide a strong foundation for value-add renovations. The building’s luxury amenities, including a 24-hour concierge and pool, ensure long-term rental demand. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants looking to customize a prime Hollywood Hills residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7250 Franklin Avenue 804 Subject | $495,000* List Price | 1 | 2 | 1,047 | $461 | - |
A 1735 N Fuller 224 Sold | $405,000 | 1 | 1 | 831 | $487 | 0.1 mi |
B 7300 Franklin Avenue 652 Sold | $370,000 | 1 | 1 | 826 | $448 | 0.1 mi |
C 7250 Franklin Active | $525,000 List Price | 1 | 2 | 1,047 | $501 | - |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1964 and the listing explicitly states that the kitchen and bathrooms remain largely original. With a 60-year age and the agent's note that it is priced with renovation in mind and sold as-is, the unit requires a full rehab to address dated systems and finishes.
At 1,047 square feet, this oversized one-bedroom unit offers a rare scale for the area, featuring a true entry foyer, expansive living space, and a secondary bathroom that is ideal for guests.
The building provides a luxury lifestyle with 24-hour concierge, valet parking, a fitness center, and a rooftop deck offering iconic 360-degree views of the Hollywood Sign and downtown skyline.
Situated in a residential pocket just below the Hollywood Hills, the property is minutes from Runyon Canyon hiking and world-class dining, offering a perfect blend of tranquility and urban energy.
The property is sold as-is with original kitchen and bathrooms, requiring a significant additional capital investment for modern renovations and upgrades.
The association fee is $1,246.29 per month, which is relatively high for a one-bedroom unit and may impact the overall affordability for some buyers.
Sold as-is and priced with renovation in mind, this is an opportunity to create the home you want without paying for someone else’s updates. Set just below the Hollywood Hills, this oversized one-bedroom offers the kind of space, location and flexibility that are getting harder to find. Step inside and the scale of this 1BR/2BTH home immediately stands out. Hardwood floors run through an expansive living and dining area with room to actually live, entertain and spread out, opening to a balcony deep enough for lounge seating, morning coffee or dinner outside. A true entry foyer, generous mirrored storage and a remarkably spacious bedroom give the home a sense of proportion you simply don’t get in many newer condos. The full bath plus separate bathroom also makes the layout especially functional for guests. The kitchen and baths remain largely original, which is exactly where the opportunity is. Update a little or rethink it completely. Either way, you’re starting with great square footage, a strong layout that you can make your own. Then there’s the building. Enjoy 24-hour concierge service, valet, guest parking, a fitness center, sauna and a rooftop deck made for lounging with views of the iconic Hollywood sign. 360 views stretch across the Hollywood Hills, to Culver City, and out toward the downtown skyline. And when you want to leave home, Runyon Canyon is minutes away, with hiking, restaurants, nightlife and the energy of Hollywood just down the hill, while Franklin Avenue itself feels distinctly more residential. Bring your ideas. The space, views, amenities and location are already here. Make the rest your own. Some photographs have been virtually staged and/or digitally edited.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,047 | 1,219.385 |
| Lot Size | - | 27,236.074 |
| Price | $495.0K | $800.2K |
| Price per sq ft | $473 | $650 |
| Built year | 1964 | 1979 |
| HOA | $1246.29 | $685 |
| Days on market | 31 | 72 |
Aug 9, 2026
$495,000
Initial Listing
Oct 29, 1996
$82,000
Public Record