$375,000
SOLD DEC 10, 2021

Franklin Towers 7250 Franklin Ave Unit 406 Los Angeles, CA 90046

Hollywood Neighborhood
-- Bed
1 Bath
507 Sq Ft
$715/mo HOA Fee

Recently Sold

$740 Per Sq Ft

5% Below List Price

40 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Heated In Ground Pool
  • Steam Room
  • 24-Hour Security
  • Automatic Gate

About This Home

As of December 2021

Recreation and leisure are within grasp in this reimagined private studio. Welcome to Franklin Towers, located in one of the more desirable areas in Hollywood. An elegant lifestyle is offered here, complete with alluring and unexpected amenities. The intimate unit features a new kitchen with new appliances, air conditioning, tasteful new flooring and other creative updates. From entering to exiting, Franklin Towers offers an encompassing experience with valet parking, a relaxing sky deck featuring jetliner views, a club house, gym, shimmering pool, sauna rooms, plus 24 hour security. This historic location is short breaths away from world class entertainment like The Magic Castle, The Roosevelt Hotel and The Chinese Theater. Local points of interest include The Walk of Fame, Target, LA Fitness and Runyon Canyon. Prepare to be amazed...

Last Agent to Sell the Property

Scott Syme Jr.

Compass License #02007311 Listed on: 10/01/2021

Compass

Last Buyer's Agent

Ben Deguia

License #00955874

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,849

Year Built

  • Built in 1964 | Remodeled

HOA Fees

  • $715 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 4th floor

Interior Spaces

  • 507 Sq Ft Home
  • Built-In Features
  • Dining Area
  • Laminate Flooring

Kitchen

  • Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Studio bedroom
  • Remodeled Bathroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 1 Covered Space
  • Automatic Gate
  • Guest Parking
  • Assigned Parking

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Fence Around Pool

Location

  • City Lot

Utilities

  • Air Conditioning
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 5548-025-050

Community Details

Overview

  • 191 Units
  • 12-Story Property

Amenities

  • Concierge
  • Valet Parking
  • Steam Room
  • Sauna
  • Clubhouse
  • Lounge
  • Laundry Facilities
  • Elevator
  • Reception Area

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,849

Year Built

Built in 1964 | Remodeled

Lot Details

0

HOA Fees

$715 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: NA
  • Entry Floor: 4
  • Living Area: 507
  • Lot Acreage: 1.2285
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 12
  • Unit Floor In Building: 4
  • Year Built: 1964
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Appliances: Oven
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower and Tub, Remodeled
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area
  • Laundry: Laundry Area, Laundry Closet Stacked, Community, Room
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Freezer, Garbage Disposal, Gas Or Electric Dryer Hookup, Hood Fan, Microwave, Refrigerator, Range/Oven
  • Price Per S Q F T: 759.37

Exterior Features

  • Pool Description: Fenced, Heated, In Ground
  • Pool: Yes
  • Spa: Hot Tub, Heated, In Ground
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Assigned, Valet
  • Total Parking: 1

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Security: 24 Hour, Resident Manager, Automatic Gate

Association/Amenities

  • Amenities: Clubhouse, Concierge, Controlled Access, Fitness Center, Sauna, Pool, Guest Parking, Valet Parking, Gated Parking, Elevator, Exercise Room, Steam Room
  • Pet Rules: Pets Permitted, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • High Rise: Club Room, Lounge, Reception Desk, On-Site Guard
  • HOA Fees: 715.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5548-025-050
  • Lot Location: City
  • Lot Size Area: 53514

Multi Family

  • Number Of Units: 191

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2021
Closed on
Nov 18, 2021
Sold by
Van Eaton Investments Llc
Bought by
Meyer Christian Jaymes
Seller's Agent
Scott Syme Jr.
Compass
Buyer's Agent
Ben Deguia
List Price
$395,000
Sold Price
$375,000
Premium/Discount to List
-$20,000
-5.06%
Current Estimated Value
$365,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,188
Avg. Annual Appreciation
-0.65%
Original Mortgage
$337,400
Outstanding Balance
$309,808
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$56,004

Purchase Details

Listed on
Jan 8, 2020
Closed on
Nov 18, 2020
Sold by
Vaneaton Anthony
Bought by
Van Eaton Investments Llc
Seller's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
Buyer's Agent
Samantha Littrell
Compass
List Price
$400,000
Sold Price
$290,000
Premium/Discount to List
-$110,000
-27.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.32%
Original Mortgage
$275,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2020
Closed on
Nov 2, 2020
Sold by
Fannie Mae
Bought by
Vaneaton Anthony
Seller's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
Buyer's Agent
Samantha Littrell
Compass
List Price
$400,000
Sold Price
$290,000
Premium/Discount to List
-$110,000
-27.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2019
Sold by
Peterson Monica D
Bought by
Federal National Mortgage Association and Fannie Mae
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $375,000 First American Title Company O
Interfamily Deed Transfer -- Chicago Title
Special Warranty Deed $290,000 Lawyers Title
Trustee Deed $334,533 Accommodation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $337,400 New Conventional
Previous Owner $275,500 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/10/2021 12/10/21 Sold $375,000 -2.6% $740 / Sq Ft
11/10/2021 11/10/21 Pending -- -- --
11/05/2021 11/05/21 Price Changed $385,000 -2.5% $759 / Sq Ft
10/01/2021 10/01/21 For Sale $395,000 +36.2% $779 / Sq Ft
11/04/2020 11/04/20 Sold $290,000 +1.8% $646 / Sq Ft View Prior Sale
09/29/2020 09/29/20 Pending -- -- --
09/17/2020 09/17/20 Price Changed $285,000 -11.2% $635 / Sq Ft
08/20/2020 08/20/20 Price Changed $321,000 -0.6% $715 / Sq Ft
05/19/2020 05/19/20 Price Changed $323,000 -5.0% $719 / Sq Ft
03/24/2020 03/24/20 Price Changed $340,000 -10.5% $757 / Sq Ft
03/10/2020 03/10/20 Price Changed $380,000 -5.0% $846 / Sq Ft
01/08/2020 01/08/20 For Sale $400,000 -- $891 / 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 $4,849 $397,952 $297,138 $100,814
2024 $4,849 $390,150 $291,312 $98,838
2023 $4,760 $382,500 $285,600 $96,900
2022 $4,567 $375,000 $280,000 $95,000
2021 $3,598 $290,000 $100,000 $190,000
2020 $5,105 $415,344 $124,644 $290,700
2019 $4,000 $72,735 $14,540 $58,195
2018 $889 $71,309 $14,255 $57,054
2016 $811 $68,542 $13,702 $54,840
2015 $797 $67,514 $13,497 $54,017
2014 $810 $66,192 $13,233 $52,959
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Scott Syme Jr.

    Compass

    Section Image

  • B

    Buyer's Agent in 2021

    Ben Deguia

  • Sebastian Stofenmacher

    Seller's Agent in 2020

    Sebastian Stofenmacher

    Edgestone Real Estate, Inc.

    (818) 464-5113

    1 in this area

    101 Total Sales

    Sebastian Stofenmacher
    Section Image
  • Samantha Littrell

    Buyer's Agent in 2020

    Samantha Littrell

    Compass

    (310) 951-0118

    1 in this area

    4 Total Sales

    Samantha Littrell
    Section Image
See All Agents

About Franklin Towers

Map

Source: The MLS

MLS Number: 21-790814

The MLS

APN: 5548-025-050

California Los Angeles County Los Angeles 90046 Hollywood

7250 Franklin Ave Unit 406, Los Angeles, CA

This home is located at 7250 Franklin Ave Unit 406, Los Angeles, CA 90046 and is currently priced at $375,000, approximately $739 per square foot. This property was built in 1964. 7250 Franklin Ave Unit 406 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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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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