7250 Franklin, Los Angeles, California 90046, Los Angeles, 90046 - 1 bed, 2 bath
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Los Angeles, California 90046
This Spacious Top-Floor Hollywood Condo is listed at $575,000, representing a stable entry into a high-demand urban corridor near its $540,375 Fair Market Value. Boasting a modern kitchen renovation and expansive City Light views, the residence currently holds a Fair Condition Rating due to an unfinished master shower with permits already secured from LADBS. Spanning 1,047 square feet within the Los Angeles Unified district, the unit offers a significantly larger footprint than area averages and includes premium amenities like a pool, spa, and deck. This property is a prime candidate for Buy-and-Hold Investors or Contractors looking to finalize a high-end renovation in a premier location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7250 Franklin Subject | $575,000* List Price | 1 | 2 | 1,047 | $516 | - |
A 7135 Hollywood Boulevard 706 Sold | $620,000 | 2 | 2 | 1,148 | $540 | 0.1 mi |
B 1550 N Laurel Avenue 201 Sold | $744,000 | 2 | 2 | 1,103 | $675 | 1.0 mi |
C 7260 Hillside Avenue 305 Sold | $486,500 | 1 | 2 | 929 | $524 | 0.1 mi |
D 1734 N Fuller Avenue 306 Sold | $500,000 | 1 | 1 | 933 | $536 | 0.1 mi |
E 1750 Camino Palmero Street 539 Sold | $415,000 | 1 | 1 | 772 | $538 | 0.1 mi |
F 7135 Hollywood Boulevard 509 Active | $679,000 List Price | 2 | 2 | 1,087 | $625 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property features a high-quality, modern kitchen renovation with two-tone cabinetry, quartz countertops, and stainless steel appliances, along with updated flooring and contemporary light fixtures. However, it is assigned a score of fair because the master bathroom shower is unfinished and currently under construction. Per the criteria, the home requires these repairs to be move-in ready, preventing it from achieving a higher rating despite the excellent quality of the completed renovations.
Situated in a high-demand area just steps from Runyon Canyon and the Hollywood Walk of Fame, this property offers exceptional lifestyle convenience and strong rental market potential.
As a top-floor unit, the condo provides enhanced privacy, abundant natural light through large windows, and desirable city light views that are highly sought after in urban living.
With 1,047 square feet for a one-bedroom unit, the property offers a spacious and functional open-concept layout that is significantly larger than many competing condos in the area.
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 = 1047, other record living area = 1006. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
The monthly HOA fee of $1,157 is notably high for a one-bedroom unit, which may impact buyer affordability and overall investment yield.
The master bathroom shower is currently unfinished; although permits are included, the need for immediate renovation work may complicate traditional financing and require additional upfront capital.
Welcome to 7250 Franklin Ave #504 — a beautifully positioned top-floor condo in the heart of Hollywood, offering the perfect blend of lifestyle, convenience, and investment potential. This light-filled unit features an open and functional layout, ideal for both comfortable living and entertaining. Large windows invite natural light throughout, creating a bright and inviting atmosphere. The kitchen flows seamlessly into the living and dining areas, maximizing space and usability. Spacious bedroom(s) and well-appointed bathroom(s) provide comfort and privacy, while ample storage adds everyday practicality. Located in a secure, well-maintained building, residents enjoy amenities such as controlled access, parking, and [add: pool, gym, rooftop, etc. if applicable]. Just steps away from iconic destinations including the Hollywood Walk of Fame, Runyon Canyon, restaurants, cafes, and nightlife—this is true city living at its best. Perfect for a primary residence, second home, or investment opportunity in one of Los Angeles’ most desirable and high-demand rental markets. This unit has a un finished master bathroom shower with permits from LADBS. Don’t miss your chance to own in a prime Hollywood location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 37% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,047 | 1,046 | 50% |
| Lot Size | 53,531 | 21,581.5 | 78% |
| Price | $575.0K | $697.5K | 35% |
| Price per sq ft | $549 | $653 | 28% |
| Built year | 1964 | 1972 | 41% |
| HOA | $1157.0 | $618 | 94% |
| Days on market | 7 | 190 | 2% |
Apr 15, 2026
$575,000
Initial Listing
Jun 24, 2022
$820,000
Public Record
Feb 25, 2020
$548,000
Public Record
Feb 6, 2013
$310,000
Public Record
Mar 13, 2003
$313,000
Public Record
Aug 29, 1997
$85,000
Public Record