NOT LISTED FOR SALE

Franklin Towers 7250 Franklin Ave Unit 1201 Los Angeles, CA 90046

Hollywood Neighborhood

Estimated Value: $902,000 - $2,679,000

2 Beds
3 Baths
1,938 Sq Ft
$1,063/mo HOA Fee

Last Sold September 11, 2017

Last sale price $1,550,000 $800 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $10,348/month

11 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Heated In Ground Pool
  • Guest House
  • 24-Hour Security
  • Gated Parking

About This Home

As of September 2017

This beautiful & spacious Penthouse apartment features 2 bedrooms and 2 ½ baths with 1,938 sq. ft. of living space and stunning views of the Hollywood Hills and Runyon Canyon to the North & dramatic views of the Hollywood sign and Downtown to the East. Completely remodeled and in move-in condition this is a very rare opportunity to own one of the premier units in Franklin Towers. Here you will enjoy a very comfortable living room with balcony, formal dining room and open kitchen with breakfast bar and another balcony to enjoy your morning tea or coffee. Great closet space, laundry in the unit, good storage and very well maintained. Building amenities include valet parking, front desk services, pool & spa, recreational room for events, roof top gym and roof deck lounge area with panoramic views of the LA basin. Close proximity to Beverly Hills, the World Famous Sunset Strip, major Studios, Hollywood & Highland and the Hollywood Bowl. A very special space for the most discerning Buyer.

Last Agent to Sell the Property

Brian Ades

Sotheby's International Realty License #01347985 Listed on: 08/10/2017

Sotheby's International Realty

Last Buyer's Agent

John Steiner

Engel & Völkers Beverly Hills License #01102454

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,994

Year Built

  • Built in 1964

Lot Details

  • 1.23

HOA Fees

  • $1,063 Monthly HOA Fees

Property Views

  • City Lights
  • Views of a landmark
  • Canyon
  • Mountain
  • Hills

Home Design

  • Entry on the 12th floor

Interior Spaces

  • 1,938 Sq Ft Home
  • Built-In Features
  • Entryway
  • Living Room
  • Dining Room

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • Powder Room
  • 3 Full Bathrooms
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Parking Garage
  • Gated Parking

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Living Room Balcony
  • Covered Patio or Porch

Utilities

  • Zoned Heating and Cooling
  • Sewer in Street

Additional Features

  • East Facing Home
  • Guest House

Listing and Financial Details

  • Assessor Parcel Number 5548-025-173

Community Details

Overview

  • Association fees include security
  • 190 Units
  • High-Rise Condominium
  • 12-Story Property

Amenities

  • Concierge
  • Valet Parking
  • Sundeck
  • Sauna
  • Clubhouse
  • Meeting Room
  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Security
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,994

Year Built

Built in 1964

Lot Details

0

HOA Fees

$1,063 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: Franklin Towers
  • Entry Floor: 12
  • Entry Location: Living Room
  • Living Area: 1938
  • Planned Urban Dev: 1
  • Stories: 12
  • Unit Floor In Building: 12
  • Year Built: 1964
  • Number Of Photos: 54
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Stone
  • Bedrooms: 2
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths, Powder Room, Remodeled, Shower Stall, Tile
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Eating Areas: Breakfast Area, Dining Area, In Kitchen
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 644.99

Exterior Features

  • Direction Faces: East
  • Tennis Court Y/N: No
  • Patio: Balcony, Living Room Balcony
  • Pool Description: Community, Heated
  • Pool: Yes
  • Spa: Community
  • Spa Yn: Yes
  • View: Canyon, City, City Lights, Hills, Landmark, Mountains
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Community Garage, Garage - 2 Car, Subterranean, Valet

Utilities

  • Cooling: Air Conditioning, Central, Multi/Zone
  • Heating: Central
  • Security: 24 Hour, Gated Community with Guard
  • Sewer: In Street
  • Water: In Street

Association/Amenities

  • Amenities: Clubhouse, Concierge, Conference, Controlled Access, Elevator, Exercise Room, Extra Storage, Fitness Center, Gated Parking, Meeting Room, Pool, Sauna, Security, Spa, Sun Deck, Valet Parking
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Security
  • High Rise: Valet Parking
  • HOA Fees: 1062.53
  • HOA: Yes

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5548-025-173
  • Geocode Override: No
  • Lot Size Area: 53586

Multi Family

  • Number Of Units: 190

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2017
Closed on
Aug 30, 2017
Sold by
Fulton W Eric
Bought by
Strichman Larry G and Larry G Strichman Trust
Seller's Agent
Brian Ades
Sotheby's International Realty
Buyer's Agent
John Steiner
Engel & Völkers Beverly Hills
List Price
$1,250,000
Sold Price
$1,550,000
Premium/Discount to List
$300,000
24%
Current Estimated Value
$1,609,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,542
Avg. Annual Appreciation
-0.06%
Original Mortgage
$250,000
Outstanding Balance
$209,378
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,333,291

Purchase Details

Closed on
Sep 25, 2013
Sold by
Maruyama Yoshi
Bought by
Fulton W Eric and Mission Trois Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$951,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2009
Sold by
Maruyama Yoshi
Bought by
Maruyama Yoshi and Maruyama Arthur M H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 29, 2003
Sold by
Jones Derek H
Bought by
Maruyama Yoshi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2000
Sold by
Cynthia L Parker Jeffrey R
Bought by
Jones Derek H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
8.12%

Purchase Details

Closed on
Jun 2, 1998
Sold by
Hale Hale J
Bought by
Parker Jeffrey Robert and Hilliard Parker Cynthia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,200
Interest Rate
6.87%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Strichman Larry G $1,550,000 Equity Title Company
Fulton W Eric $979,500 Provident Title
Maruyama Yoshi -- None Available
Maruyama Yoshi $820,000 Ctc
Jones Derek H $500,000 --
Parker Jeffrey Robert $358,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Strichman Larry G $250,000
Previous Owner Fulton W Eric $920,000
Previous Owner Fulton W Eric $951,000
Previous Owner Maruyama Yoshi $600,000
Previous Owner Maruyama Yoshi $160,000
Previous Owner Maruyama Yoshi $600,000
Previous Owner Maruyama Yoshi $109,000
Previous Owner Maruyama Yoshi $650,000
Previous Owner Maruyama Yoshi $129,000
Previous Owner Maruyama Yoshi $656,000
Previous Owner Jones Derek $136,161
Previous Owner Jones Derek H $70,950
Previous Owner Jones Derek H $568,000
Previous Owner Jones Derek H $400,000
Previous Owner Parker Jeffrey Robert $322,200
Closed Jones Derek H $50,000
Closed Maruyama Yoshi $123,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2017 09/11/17 Sold $1,550,000 +24.0% $800 / Sq Ft
08/21/2017 08/21/17 Pending -- -- --
08/10/2017 08/10/17 For Sale $1,250,000 -- $645 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,994 $578,874 $457,022 $121,852
2024 $6,994 $567,524 $448,061 $119,463
2023 $6,863 $556,397 $439,276 $117,121
2022 $6,572 $545,488 $430,663 $114,825
2021 $6,481 $534,793 $422,219 $112,574
2019 $6,219 $518,933 $409,697 $109,236
2018 $6,206 $508,759 $401,664 $107,095
2016 $12,225 $1,013,889 $709,723 $304,166
2015 $12,043 $998,661 $699,063 $299,598
2014 $12,083 $979,100 $685,370 $293,730
Source: Public Records

Agents Affiliated with this Home

  • Brian Ades

    Seller's Agent in 2017

    Brian Ades

    Sotheby's International Realty

    (310) 503-8080

    2 in this area

    30 Total Sales

    Brian Ades
    Section Image

  • J

    Buyer's Agent in 2017

    John Steiner

    Engel & Völkers Beverly Hills

    Section Image
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About Franklin Towers

Map

Source: The MLS

MLS Number: 17-256000

The MLS

APN: 5548-025-173

California Los Angeles County Los Angeles 90046 Hollywood

7250 Franklin Ave Unit 1201, Los Angeles, CA

This home is located at 7250 Franklin Ave Unit 1201, Los Angeles, CA 90046 since 10 August 2017 and is currently estimated at $1,609,542, approximately $830 per square foot. This property was built in 1964. 7250 Franklin Ave Unit 1201 is a home located in Los Angeles County with nearby schools including Gardner Street Elementary School, Hubert Howe Bancroft Middle School, and Hollywood Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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