7300 Franklin, Los Angeles, California 90046, Los Angeles, 90046 - 1 bed, 1 bath
Loading property details...
7300 Franklin
Los Angeles, California 90046
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
826Sq Ft
86,449Lot Size
Property Price
LIST PRICE$399,900
EST. MARKET VALUE
$413,576
3% BelowMARKET VALUE
SUMMARY
This Strong Value Opportunity is a turnkey condo listed at $399,900—positioned well below the $413,576 Fair Market Value by 3%. This valuation gap offers $13,676 in Instant Equity. Featuring a Condition Rating of 2, the unit includes a Granite Kitchen, fresh paint, and access to a Pool and Spa. Located near Gardner Street Elementary (Rating 7), this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready lifestyle in the Hollywood Hills.
Estimated Market Value
$413,576+$13,676 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7300 Franklin Subject 1 bd · 1 ba · 826 sqft · $501 | $399,900* List Price | 1 | 1 | 826 | $501 | - |
A 1750 Camino Palmero Street 236 Sold 1 bd · 1 ba · 831 sqft · $572 · 0.0 mi | $475,000 | 1 | 1 | 831 | $572 | 0.0 mi |
B 1735 N Fuller Avenue 119 Sold 1 bd · 1 ba · 784 sqft · $466 · 0.0 mi | $365,000 | 1 | 1 | 784 | $466 | 0.0 mi |
C 7300 Franklin Avenue 447 Sold 1 bd · 1 ba · 807 sqft · $514 · 0.0 mi | $415,000 | 1 | 1 | 807 | $514 | 0.0 mi |
D 1745 Camino Palmero Street 106 Sold 0 bd · 1 ba · 623 sqft · $514 · 0.1 mi | $320,000 | 0 | 1 | 623 | $514 | 0.1 mi |
E 1745 Camino Palmero Street 334 Active 1 bd · 1 ba · 743 sqft · $577 · 0.1 mi | $429,000 List Price | 1 | 1 | 743 | $577 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property underwent a significant update this year, including brand-new stainless steel kitchen appliances and fresh interior paint. The interior features modern granite countertops, custom cabinetry, and contemporary hardwood-style flooring, placing it in mint, move-in condition consistent with a renovation under 5 years old.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Lifestyle Location
Situated in the highly sought-after Runyon Canyon neighborhood, the property offers unparalleled access to iconic hiking trails, Hollywood studios, and world-class nightlife.
- Turnkey Interior Updates
The unit features brand-new kitchen appliances and fresh interior paint, providing a move-in-ready experience that appeals to both first-time buyers and investors.
- Competitive Entry-Level Pricing
Listed at $399,900, this property represents a rare and affordable opportunity to own real estate in the prestigious Hollywood Hills West market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 826, other record living area = 435.
- Lack of In-Unit Laundry
The reliance on a communal laundry room rather than in-unit hookups may be a significant inconvenience for modern buyers accustomed to private facilities.
- High-Density Living
With 209 units in the complex, the high-density environment and shared courtyard views may offer less privacy and tranquility compared to smaller boutique buildings.
About 7300 Franklin
Updated Casa Palmero condo located in the Runyon Canyon Neighborhood of the Hollywood Hills near the studios and Hollywood nightlife. Minutes to all the lovely parks in the Hills including Runyon Canyon, Briar Summit Open Space Preserve and Fryman Canyon Park. These condos provide a perfect location for naturists and business minded alike. Lovely unit with large living room, spacious dining area, generously sized bedroom and full bath was updated this year with new kitchen appliances; including refrigerator, microwave, stove and dishwasher, as well as fresh interior paint. Enjoy taking in some fresh air on the private balcony overlooking the courtyard. The building features 209 units on 4 floors. The layout, design and construction are well-built for timeless enjoyment. Casa Palmero emits traditional design coupled with contemporary touches and renovations over the years. Step up the palm tree-lined drive and into open layouts, hardwood floors, granite counter tops, large windows and custom cabinetry. The pool and spa are ideal for lounging and socializing. The large laundry room offers ample clothes washers and dryers. The HOA fee covers water, common area maintenance and trash. Parking space is on level G-3 (single space 354).
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 86,449 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $530.66 / Month
Neighborhood Insights
Los Angeles Unified Schools
Gardner Street Elementary School
Grades K-6 • 0.3 mi
7/10
Hubert Howe Bancroft Middle School
Grades 6-8 • 1.3 mi
3/10
Hollywood Senior High School
Grades 9-12 • 0.7 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 826 | 1,252.996 |
| Lot Size | 86,449 | 26,029.603 |
| Price | $399.9K | $778.5K |
| Price per sq ft | $484 | $629 |
| Built year | 1974 | 1981 |
| HOA | $530.66 | $676 |
| Days on market | 32 | 74 |
Pricing History
Listed for Sale
Oct 8, 2026
$399,900
Initial Listing
Sold
Dec 13, 2021
$310,000
Public Record
Sold
Mar 23, 2018
$358,000
Public Record
Sold
Sep 20, 2011
$165,000
Public Record
Sold
May 26, 2006
$244,545
Public Record
Sold
Dec 2, 2002
$155,000
Public Record