7309 Franklin Avenue, Los Angeles, California 90046, Los Angeles, 90046 - 1 bed, 2 bath
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7309 Franklin Avenue
Los Angeles, California 90046
ACTIVE
CONDITION: GOOD
1Beds
2Baths
908Sq Ft
19,550Lot Size
Property Price
LIST PRICE$549,000
EST. MARKET VALUE
$510,200
7% AboveMARKET VALUE
SUMMARY
This 1-Bedroom Condominium represents a High-Potential Investment Opportunity, listed at $599,000—positioned above the $537,261 Fair Market Value. While currently priced above market, the property features a Good Condition Rating and a rare, spacious 908 sq. ft. layout with unobstructed Hollywood Hills views. Located just half a block from Runyon Canyon Park, this unit offers a premium lifestyle for Owner-Occupants or Buy-and-Hold Investors seeking a high-demand rental location in the heart of Los Angeles.
Estimated Market Value
$510,200
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 |
|---|---|---|---|---|---|---|
★ 7309 Franklin Avenue Subject 1 bd · 2 ba · 908 sqft · $562 | $549,000* List Price | 1 | 2 | 908 | $562 | - |
A 7260 Hillside Avenue 207 Sold 1 bd · 2 ba · 929 sqft · $494 · 0.1 mi | $459,000 | 1 | 2 | 929 | $494 | 0.1 mi |
B 7250 Franklin Avenue 1112 Sold 2 bd · 2 ba · 1,009 sqft · $676 · 0.1 mi | $682,500 | 2 | 2 | 1,009 | $676 | 0.1 mi |
C 1735 N Fuller 224 Sold 1 bd · 1 ba · 831 sqft · $487 · 0.1 mi | $405,000 | 1 | 1 | 831 | $487 | 0.1 mi |
D 7250 Franklin Avenue 616 Sold 2 bd · 2 ba · 1,212 sqft · $569 · 0.1 mi | $690,000 | 2 | 2 | 1,212 | $569 | 0.1 mi |
E 7320 Hawthorn Avenue 410 Sold 2 bd · 2 ba · 1,060 sqft · $650 · 0.3 mi | $689,000 | 2 | 2 | 1,060 | $650 | 0.3 mi |
F 1745 Camino Palmero Street 334 Sold 1 bd · 1 ba · 743 sqft · $560 · 0.1 mi | $416,000 | 1 | 1 | 743 | $560 | 0.1 mi |
G 1750 Camino Palmero Street 236 Sold 1 bd · 1 ba · 831 sqft · $572 · 0.1 mi | $475,000 | 1 | 1 | 831 | $572 | 0.1 mi |
H 7320 Hawthorn Avenue 106 Sold 2 bd · 2 ba · 1,140 sqft · $552 · 0.3 mi | $629,000 | 2 | 2 | 1,140 | $552 | 0.3 mi |
I 7135 Hollywood Boulevard 305 Active 1 bd · 2 ba · 954 sqft · $629 · 0.2 mi | $599,999 List Price | 1 | 2 | 954 | $629 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1962 but features a clear mid-term renovation (estimated 5-15 years ago). The interior is well-maintained with hardwood floors, stainless steel appliances, and updated bathroom vanities. It is move-in ready and functional, fitting the 'Good' criteria for a renovated older structure.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Lifestyle
Situated just half a block from Runyon Canyon Park and three blocks from Sunset Boulevard, this property offers unparalleled access to world-class hiking trails and the vibrant Hollywood lifestyle.
- Superior Layout & Privacy
This exceptionally spacious 908 sq. ft. unit features a rare 1-bedroom, 2-bathroom configuration with only one common wall, providing a level of privacy and functionality seldom found in standard condominiums.
- Scenic Outdoor Living
The oversized private balcony delivers unobstructed, panoramic views of the Hollywood Hills, significantly enhancing the living space and providing a premium aesthetic value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 908, other record living area = 1290. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
- High Carrying Costs
The monthly association fee of $800 is relatively high for a one-bedroom unit, which may impact the overall affordability and appeal for cost-sensitive buyers.
- Market Momentum
Despite a recent $50,000 price reduction, the property has remained on the market for over 40 days, suggesting that the initial pricing may have outpaced current buyer demand.
About 7309 Franklin Avenue
MUST SEE TO APPRECIATE! This uniquely rare 1 Br. with 2 Ba, exceptionally spacious-908 sq. ft, updated 4th-floor in the 5-story building condo offers a flawless, highly functional floor plan with only one common wall for maximum privacy. - Interior Features: Freshly painted with hardwood floors throughout, featuring an in-unit washer/dryer alongside the building’s community laundry room. - Outdoor Space: A very large private balcony overlooks the community pool, jacuzzi, and yard, boasting scenic, unobstructed views of the Hollywood Hills. - Building & Parking: Set in a well-maintained, pet-friendly 30-unit building with secure, gated ground-level garage parking (1 assigned space). - Prime Location & Trails: This highly desirable building is Ideally positioned just half block North of the Runyon Canyon Park and three blocks South of Sunset Boulevard. Step outside and immerse yourself in the world-famous 160-acre park, offering scenic dirt trails, sweeping panoramic views of the Los Angeles basin, and an active outdoor lifestyle right in your backyard.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1962
- Lot Size
- 19,550 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $800.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 908 | 1,252.996 |
| Lot Size | 19,550 | 26,029.603 |
| Price | $549.0K | $778.5K |
| Price per sq ft | $605 | $629 |
| Built year | 1962 | 1981 |
| HOA | $800.0 | $676 |
| Days on market | 47 | 74 |
Pricing History
Listed for Sale
Nov 6, 2026
$549,000
$599,000
-8% Price Drop
Initial Listing
Price Change
Oct 8, 2026
$599,000
$649,000
-8% Price Drop
Initial Listing
Price Change
Sep 23, 2026
$649,000
Initial Listing