7420 Franklin Avenue, Los Angeles, California 90046, Los Angeles, 90046 - 5 bed, 6 bath

7420 Franklin Avenue, Los Angeles, California 90046 home-pic-0
ACTIVE$8,800,000
7420 Franklin Avenue, Los Angeles, California 90046
5Beds
6Baths
7,200Sqft
10,643Lot

Price Vs. Estimate

The estimated value ($6,734,384) is $2,065,616 (23%) lower than the list price ($8,800,000). This property may be overpriced.

Key pros and cons

Top Pros:
Historical Significance & Celebrity Pedigree: An iconic gated estate with a rich Hollywood legacy, once the residence of legendary filmmaker Preston Sturges and rumored site of Charlie Chaplin's first wedding, offering unparalleled unique value and storytelling.
Top Cons:
Significant Price Discrepancy: The current list price of $8.8M is substantially higher than the estimated property value of $6.73M, which may indicate an aggressive pricing strategy and could deter potential buyers.

Compared to the nearby listings

Price:$8.80M vs avg $2.27M (+$6,525,000)98%
Size:7,200 sqft vs avg 2,309 sqft98%
Price/sqft:$1.2K vs avg $98780%

More Insights

Built in 1926 (99 years old).
Condition: Despite being built in 1926, this property has undergone an extensive, high-end renovation, transforming it into a 'modern luxury' estate. The chef's kitchen, featuring a top-of-the-line La Cornue range, integrated appliances, custom cabinetry, and modern lighting, is virtually new. Bathrooms are spa-like with contemporary fixtures, high-quality tiling, and sleek designs. All visible components, including hardwood flooring and light fixtures, appear new or recently updated, meeting current quality standards with no signs of deferred maintenance. The property is move-in ready and showcases a meticulous, recent overhaul.
Year Built
1926
Close
-
List price
$8.8M
Original List price
$8.8M
Price/Sqft
$1,222
HOA
-
Days on market
-
Sold On
-
MLS number
25493819
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
Patio
ViewCity Lights

About this home

A Hollywood legacy reimagined and steeped in history yet infused with modern luxury, this iconic gated estate, once the residence of legendary filmmaker Preston Sturges, is a masterpiece of design and refinement. Nestled at the base of Runyon Canyon, this private sanctuary spans approximately 7,000 square feet, surrounded by lush hedges and a serene front garden with a reflecting fountain. Step inside and be transported an extraordinary 1,800-square-foot grand room anchors the home, featuring an original antique copper-topped bar, a stately fireplace, and soaring ceilings that evoke the glamour of Hollywood's golden age. The formal dining room sets the stage for unforgettable gatherings, while the chef's kitchen, outfitted with a La Cornue range, invites culinary artistry. A distinguished gentleman's roomwhispered to be the site of Charlie Chaplin's first wedding adds to the home's storied past. Upstairs, the primary suite is a retreat of elegance, complete with a fireplace, spa-like ensuite, and French doors leading to a private rooftop terrace with breathtaking city views. Three additional en-suite guest bedrooms offer private patios, blending comfort with sophistication. An approximately 1,200-square-foot guesthouse with a full kitchen, dining area, laundry, private patio, indoor sauna, and cold plunge completes this rare offering an estate that embodies timeless elegance, rich heritage, and the ultimate in Hollywood living.

Price History

Date
Event
Price
10/13/98
Sold
$710,000
11/08/93
Sold
$575,000
06/10/15
Sold
$4,300,000
Condition Rating
Excellent

Despite being built in 1926, this property has undergone an extensive, high-end renovation, transforming it into a 'modern luxury' estate. The chef's kitchen, featuring a top-of-the-line La Cornue range, integrated appliances, custom cabinetry, and modern lighting, is virtually new. Bathrooms are spa-like with contemporary fixtures, high-quality tiling, and sleek designs. All visible components, including hardwood flooring and light fixtures, appear new or recently updated, meeting current quality standards with no signs of deferred maintenance. The property is move-in ready and showcases a meticulous, recent overhaul.
Pros & Cons

Pros

Historical Significance & Celebrity Pedigree: An iconic gated estate with a rich Hollywood legacy, once the residence of legendary filmmaker Preston Sturges and rumored site of Charlie Chaplin's first wedding, offering unparalleled unique value and storytelling.
Grand Scale & Luxurious Interiors: Features an extraordinary 1,800 sqft grand room with soaring ceilings, an original antique copper-topped bar, and a chef's kitchen outfitted with a high-end La Cornue range, embodying modern luxury.
Private Sanctuary with Extensive Amenities: Nestled at the base of Runyon Canyon, this private sanctuary boasts lush landscaping, a spa-like primary suite with a private rooftop terrace offering city views, and a substantial 1,200 sqft guesthouse with a full kitchen, sauna, and cold plunge.
Prime Hollywood Hills Location: Desirably located at the base of Runyon Canyon in Los Angeles, offering exclusivity, privacy, and proximity to both natural beauty and vibrant city amenities.
Exceptional Guest Accommodations: Includes three additional en-suite guest bedrooms with private patios, complemented by a fully equipped 1,200 sqft guesthouse, providing ample space and privacy for visitors or extended family.

Cons

Significant Price Discrepancy: The current list price of $8.8M is substantially higher than the estimated property value of $6.73M, which may indicate an aggressive pricing strategy and could deter potential buyers.
Age-Related Maintenance & Infrastructure: Built in 1926, despite modern luxury infusions, the property may still present potential challenges related to older infrastructure (e.g., plumbing, electrical) or ongoing maintenance requirements compared to newer constructions.
Niche Market Appeal: The property's distinct historical character and specific luxury aesthetic may appeal to a more specialized buyer pool, potentially leading to a longer marketing period to find the right discerning purchaser.

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