$381,000 - $414,000
RENTED FEB 11, 2025

Franklin Towers 7250 Franklin Ave Unit 311 Los Angeles, CA 90046

Hollywood Neighborhood
-- Bed
1 Bath
536 Sq Ft
$732 Price per Sq Ft

Last Sold April 17, 2023

Last sale price $388,000 $724 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,489/month

Highlights

  • Fitness Center
  • Spa
  • 1.23 Acre Lot
  • 24-Hour Security
  • City Lights View
  • Clubhouse

About This Home

As of February 2025

FURNISHED OR UNFURNISHED! Franklin Towers, built in 1964, is one of Los Angeles' leading landmark condominium communities, located just west of La Brea Avenue, minutes from destinations including the world famous Hollywood Bowl, the Hollywood Walk of Fame and the Hollywood-Highland Complex. Nearby Runyon Canyon offers popular trails for hikers, runners, dog-walkers and bird-watchers.

Panoramic views from Franklin Towers span from Downtown Los Angeles, the Griffith Observatory and the hilltop Yamashiro restaurant to the east; the Palos Verdes peninsula to the southwest; and the Sunset Strip, Beverly Hills, Century City and the Pacific Ocean to the west.

Experience luxury living in this handsomely designed studio condo nestled in the heart of Hollywood. Revel in sweeping vistas from every angle, with Hollywood Hills views and captivating city lights from the balcony. This chic unit features an open floor plan that seamlessly extends to the private outdoor balcony. Franklin Towers offers an array of full-service, resort-like amenities including a beautiful lobby, complimentary valet parking, concierge, 24-hour security, a southeast-facing heated resort-size pool and hot tub, sauna, steam room, rooftop gym, and an updated rooftop deck with breathtaking views of downtown Los Angeles. Live the Hollywood dream in unparalleled style and comfort.

Last Agent to Rent the Property

Racquel Wilder

Pinnacle Estate Properties, Inc. Brokerage Phone: 661-655-8843 License #02136109 Listed on: 01/14/2025

Pinnacle Estate Properties, Inc.

Last Renter's Agent

Racquel Wilder

Pinnacle Estate Properties, Inc. Brokerage Phone: 661-655-8843 License #02136109 Listed on: 01/14/2025

Pinnacle Estate Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,922

Year Built

  • Built in 1964

Lot Details

  • 1.23 Acre Lot
  • Two or More Common Walls

Parking

  • 1 Car Attached Garage
  • Parking Available
  • Assigned Parking
  • Community Parking Structure

Home Design

  • Apartment
  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 536 Sq Ft Home
  • Furniture Can Be Negotiated
  • Dining Room
  • City Lights Views

Kitchen

  • Double Oven
  • Gas Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Spa
  • Property is near public transit
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $2,400
  • Rent includes association dues, pool, trash collection
  • 12-Month Minimum Lease Term
  • Available 1/14/25
  • Tax Lot 1
  • Tax Tract Number 38399
  • Assessor Parcel Number 5548025039

Community Details

Overview

  • No Home Owners Association
  • 190 Units
  • 11-Story Property

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Dog Park
  • Hiking Trails

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Clubhouse
  • 24-Hour Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,922

Year Built

Built in 1964

Lot Details

0

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2025-01-14
  • Credit Check Paid By: Owner
  • Deposit Security: 2400
  • Furnished: Negotiable
  • Pets Allowed: Cats OK, Dogs OK
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Fridge, dishwasher, double oven, washer/dyer
  • Property Attached: Yes
  • Security: 24 Hour Security
  • View: Yes
  • Zoning: LAR3
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 5548025039
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 536.00 Square Feet
  • Stories: 11
  • Entry Location: lobby/1
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Eating Area: Dining Room
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 4.01
  • Room Type: Kitchen
  • Spa Features: Association, Community

Exterior Features

  • View: City Lights
  • Pool Features: Association, Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Assigned, Community Structure
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Gas Oven, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Pool, Spa/Hot Tub, Gym/Ex Room, Clubhouse, Guard
  • Senior Community: No
  • Community Features: Curbs, Dog Park, Hiking, Sidewalks

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 53531.00
  • Lot Size Acres: 1.2289

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 53531.0000 Square Feet
  • Number Of Units In Community: 190
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Pool, Trash Collection

Tax Info

  • Tax Census Tract: 1899.03
  • Tax Lot: 1
  • Tax Tract Number: 38399

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2023
Closed on
Apr 10, 2023
Sold by
Szczepkowski Michaeal
Bought by
Parkkinen Jaymie
Seller's Agent
Roland Watkins
Gold Realtors
Buyer's Agent
Roland Watkins
Gold Realtors
List Price
$410,000
Sold Price
$388,000
Premium/Discount to List
-$22,000
-5.37%
Views
123
Current Estimated Value
$392,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,092
Avg. Annual Appreciation
0.43%

Purchase Details

Closed on
May 1, 2013
Sold by
Cohen Meir
Bought by
Cohen Meir

Purchase Details

Closed on
Aug 17, 2004
Sold by
Cohen Lea
Bought by
Cohen Lea and Lea Cohen Family Trust

Purchase Details

Closed on
Jul 25, 2003
Sold by
Szczepkowski Edward and Cohen Lea
Bought by
Szczepkowski Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.62%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 26, 1999
Sold by
Laiffer Shirley
Bought by
Laiffer Shirley and The Laiffer Family Trust

Purchase Details

Closed on
Feb 26, 1999
Sold by
Cohen Lea
Bought by
Cohen Lea and Lea Cohen Family Trust

Purchase Details

Closed on
Nov 29, 1995
Sold by
Laiffer Donald Maxwell
Bought by
Laiffer Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.25%

Purchase Details

Closed on
Oct 27, 1995
Sold by
Bankers Trust Company
Bought by
Szczepkowski Edward and Cohen Lea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.25%

Purchase Details

Closed on
Sep 22, 1995
Sold by
Addotta Kip Fransis and Bankers Trust Company
Bought by
Bankers Trust Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.25%
Source: Public Records

Range of Values:

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Average Value
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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
Parkkinen Jaymie $388,000 Provident Title Company
Cohen Meir -- None Available
Cohen Lea -- --
Szczepkowski Edward -- United Title Company
Laiffer Shirley -- --
Cohen Lea -- --
Laiffer Shirley -- Fidelity Title
Szczepkowski Edward $40,000 Fidelity Title
Bankers Trust Company $72,320 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Szczepkowski Edward $75,000
Previous Owner Szczepkowski Edward $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/11/2025 02/11/25 Rented $2,150 -2.3% --
01/24/2025 01/24/25 Price Changed $2,200 -8.3% $4 / Sq Ft
01/14/2025 01/14/25 For Rent $2,400 0.0% --
04/17/2023 04/17/23 Sold $388,000 -2.8% $724 / Sq Ft View Prior Sale
03/27/2023 03/27/23 Pending -- -- --
02/09/2023 02/09/23 Price Changed $399,000 -2.7% $744 / Sq Ft
01/05/2023 01/05/23 For Sale $410,000 -- $765 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,922 $403,674 $252,921 $150,753
2024 $4,922 $395,760 $247,962 $147,798
2023 $2,473 $191,401 $98,093 $93,308
2022 $2,389 $187,649 $96,170 $91,479
2021 $2,357 $183,971 $94,285 $89,686
2019 $2,222 $178,517 $91,490 $87,027
2018 $2,218 $175,018 $89,697 $85,321
2016 $2,087 $168,224 $86,215 $82,009
2015 $2,055 $165,698 $84,920 $80,778
2014 $2,072 $162,453 $83,257 $79,196
Source: Public Records

Agents Affiliated with this Home

  • R

    Landlord's Agent in 2025

    Racquel Wilder

    Pinnacle Estate Properties, Inc.

    (661) 592-0047

    1 in this area

    30 Total Sales

    Racquel Wilder
    Section Image

  • R

    Seller's Agent in 2023

    Roland Watkins

    Gold Realtors

    (323) 304-9880

    16 in this area

    20 Total Sales

    Roland Watkins
    Section Image
See All Agents

About Franklin Towers

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25009654

California Regional Multiple Listing Service (CRMLS)

APN: 5548-025-039

California Los Angeles County Los Angeles 90046 Hollywood

7250 Franklin Ave Unit 311, Los Angeles, CA

This home is located at 7250 Franklin Ave Unit 311, Los Angeles, CA 90046 since 14 January 2025 and is currently priced at $392,092. This property was built in 1964. 7250 Franklin Ave Unit 311 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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