NOT LISTED FOR SALE

Franklin Towers 7250 Franklin Ave Unit 512 Los Angeles, CA 90046

Hollywood Neighborhood

Estimated Value: $663,000 - $708,000

2 Beds
2 Baths
1,009 Sq Ft
$860/mo HOA Fee

Last Sold March 15, 2024

Last sale price $715,000 $709 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,185/month

22 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • 24-Hour Security
  • Steam Room
  • Yoga or Pilates Studio
  • Heated In Ground Pool

About This Home

As of March 2024

Welcome home to Franklin Towers, where luxury and convenience seamlessly converge. Step into the inviting ambiance of a full-service high rise at the base of Runyon Canyon. This remodeled single-level condo features two bedrooms and two bathrooms, offering close proximity to both Hollywood and West Hollywood. Recently upgraded, with new flooring and modernized bathrooms, the unit radiates contemporary charm. The stylish kitchen, complete with an inviting island, and dining area, seamlessly connects to a spacious living room. The primary bedroom is generously appointed, showcasing a private balcony, dual closets, and a recently renovated en-suite bathroom with a rain shower. The versatile secondary room can serve as a den, office, or second bedroom, with an accompanying fully renovated bathroom. The unit also boasts the convenience of a washer and dryer within the residence, along with community laundry on the floor, adding an extra layer of comfort to your living experience. The unit includes one assigned parking space. Franklin Towers offers a refined living experience with valet guest parking, a resort-sized pool and spa, a clubhouse with steam rooms and saunas, a dedicated yoga room, a fully equipped kitchen, a dog run, a rooftop sundeck, a fitness center, and electric car charging stations. Enjoy the peace of mind provided by 24-hour concierge and security services.

Last Agent to Sell the Property

Ashley Schweikert

Coldwell Banker Realty License #02105118 Listed on: 01/16/2024

Coldwell Banker Realty

Last Buyer's Agent

Shelene Atanacio

Engel & Voelkers Beverly Hills License #02017476

Engel & Voelkers Beverly Hills

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,227

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • Dog Run
  • Gated Home

HOA Fees

  • $860 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor

Interior Spaces

  • 1,009 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Sliding Doors
  • Living Room
  • Dining Area
  • Den
  • Security Lights

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Double Vanity

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Electric Vehicle Home Charger
  • Automatic Gate
  • Guest Parking
  • Parking Garage Space
  • Controlled Entrance

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5548-025-072

Community Details

Overview

  • Association fees include trash, security, building and grounds, clubhouse
  • 190 Units

Amenities

  • Concierge
  • Valet Parking
  • Rooftop Deck
  • Sundeck
  • Building Terrace
  • Steam Room
  • Trash Chute
  • Clubhouse
  • Recreation Room
  • Elevator
  • Lobby
  • Reception Area

Recreation

  • Yoga or Pilates Studio
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,227

Year Built

Built in 1964 | Remodeled

Lot Details

0

HOA Fees

$860 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: Franklin Towers HOA
  • Entry Floor: 5
  • Living Area: 1009
  • Lot Acreage: 1.2289
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Unit Floor In Building: 5
  • Year Built: 1964
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Tile, Vinyl Plank
  • Appliances: Cooktop - Electric, Microwave, Oven, Oven-Electric
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Tile, Remodeled
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area, Kitchen Island
  • Kitchen Features: Remodeled
  • Laundry: In Unit, Laundry Closet Stacked
  • Total Bathrooms: 2.00
  • Den: 1
  • Equipment: Dishwasher, Dryer, Washer, Freezer, Microwave, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 692.77

Exterior Features

  • Other Features: Balcony, Sliding Glass Doors, High Ceilings (9 Feet+)
  • Pool Description: Association Pool, In Ground, Heated And Filtered, Community
  • Pool: Yes
  • Spa: Association Spa, Heated, In Ground
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Community Garage, Controlled Entrance, Electric Vehicle Charging Station(s), Valet
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Gated, Gated Community with Guard, Card/Code Access, Community, Exterior Security Lights, Fire and Smoke Detection System, Automatic Gate

Association/Amenities

  • Amenities: Clubhouse, Concierge, Controlled Access, Elevator, Exercise Room, Fitness Center, Guest Parking, Valet Parking, Onsite Property Management, Security, Steam Room, Sun Deck, Rec Multipurpose Rm, Pool, Gated Community Guard, Gated Parking
  • Pet Rules: Assoc Pet Rules, Yes, Weight Limit

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Trash, Security, Building and Grounds, Clubhouse
  • High Rise: 24-Hour Concierge, Dog Run, Entrance Lobby, Mens and Womens Changing Rooms, Controlled Access, Club Room, Reception Desk, Rooftop Sky Deck, Yoga and Pilates Studio, Valet Parking, Trash Chute, Sun Terrace, Sun Deck
  • HOA Fees: 859.95
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5548-025-072
  • Lot Size Area: 53531

Multi Family

  • Number Of Units: 190

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2024
Closed on
Mar 13, 2024
Sold by
Hoogerland Zachary and Hoogerland Kassandra
Bought by
Shabtai Avraham
Seller's Agent
Ashley Schweikert
Coldwell Banker Realty
Buyer's Agent
Shelene Atanacio
Engel & Voelkers Beverly Hills
List Price
$699,000
Sold Price
$715,000
Premium/Discount to List
$16,000
2.29%
Views
32
Current Estimated Value
$683,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,981
Avg. Annual Appreciation
-2.19%
Original Mortgage
$607,750
Outstanding Balance
$598,815
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$92,864

Purchase Details

Listed on
Apr 7, 2021
Closed on
Apr 30, 2021
Sold by
Dey David Paul and Dey Steven Thomson
Bought by
Hoogerland Zachary and Tripp Kassandra
Seller's Agent
Julie Mollo
Compass
Buyer's Agent
Wesley Edberg
List Price
$639,000
Sold Price
$630,000
Premium/Discount to List
-$9,000
-1.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.52%
Original Mortgage
$567,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 11, 2017
Closed on
Jul 21, 2017
Sold by
Gary S Tucker Family Ltd
Bought by
Dey David Paul and Dey Steven Thomson
Seller's Agent
Lee Wasser
Sotheby's International Realty
Buyer's Agent
Julie Mollo
Compass
List Price
$575,000
Sold Price
$600,000
Premium/Discount to List
$25,000
4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.30%

Purchase Details

Listed on
Jan 31, 2013
Closed on
Feb 5, 2013
Sold by
Pan Jack
Bought by
Gary S Tucker Family Ltd
Seller's Agent
Lee Wasser
Sotheby's International Realty
Buyer's Agent
Lee Wasser
Sotheby's International Realty
List Price
$285,000
Sold Price
$285,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.34%

Purchase Details

Closed on
Oct 11, 2000
Sold by
Eul Jonathan
Bought by
Pan Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
7.25%

Purchase Details

Closed on
Mar 3, 1998
Sold by
Townsend Alan L
Bought by
Eul Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
6.99%
Mortgage Type
FHA
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
Shabtai Avraham $715,000 Progressive Title Company
Hoogerland Zachary $630,000 Equity Title Company
Dey David Paul $600,000 Title 365
Gary S Tucker Family Ltd $285,000 Lawyers Title
Pan Jack $167,500 Progressive Title
Eul Jonathan $77,000 Southland Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shabtai Avraham $607,750
Previous Owner Hoogerland Zachary $567,000
Previous Owner Pan Jack $125,500
Previous Owner Pan Jack $134,000
Previous Owner Eul Jonathan $67,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $715,000 +2.3% $709 / Sq Ft
02/07/2024 02/07/24 Pending -- -- --
01/16/2024 01/16/24 For Sale $699,000 0.0% $693 / Sq Ft
11/16/2022 11/16/22 Rented $3,775 -2.6% --
10/30/2022 10/30/22 Price Changed $3,875 +34.8% $4 / Sq Ft
10/30/2022 10/30/22 For Rent $2,875 0.0% --
05/07/2021 05/07/21 Sold $630,000 -1.4% $624 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
04/07/2021 04/07/21 For Sale $639,000 0.0% $633 / Sq Ft
01/26/2018 01/26/18 Rented $3,000 0.0% --
01/18/2018 01/18/18 Under Contract -- -- --
01/11/2018 01/11/18 For Rent $3,000 0.0% --
07/27/2017 07/27/17 Sold $600,000 +4.3% $595 / Sq Ft
07/11/2017 07/11/17 For Sale $575,000 +101.8% $570 / Sq Ft
02/26/2013 02/26/13 Sold $285,000 0.0% $282 / Sq Ft
01/31/2013 01/31/13 Pending -- -- --
01/31/2013 01/31/13 For Sale $285,000 -- $282 / 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 $8,227 $729,300 $493,068 $236,232
2024 $8,227 $668,559 $429,895 $238,664
2023 $8,071 $655,451 $421,466 $233,985
2022 $7,723 $642,600 $413,202 $229,398
2021 $7,635 $630,705 $407,436 $223,269
2020 $7,645 $624,239 $403,259 $220,980
2019 $7,340 $612,000 $395,352 $216,648
2018 $7,328 $600,000 $387,600 $212,400
2016 $3,635 $296,464 $125,139 $171,325
2015 $3,581 $292,012 $123,260 $168,752
2014 $3,601 $286,293 $120,846 $165,447
Source: Public Records

Agents Affiliated with this Home

  • Ashley Schweikert

    Seller's Agent in 2024

    Ashley Schweikert

    Coldwell Banker Realty

    (310) 362-7690

    6 in this area

    19 Total Sales

    Ashley Schweikert
    Section Image
  • Shelene Atanacio

    Buyer's Agent in 2024

    Shelene Atanacio

    Engel & Voelkers Beverly Hills

    (310) 500-0678

    2 in this area

    9 Total Sales

    Shelene Atanacio
    Section Image

  • W

    Seller's Agent in 2022

    Wesley Edberg

    The Agency

    (818) 432-1500

    21 Total Sales

    Wesley Edberg
    Section Image
  • Todd Henricks

    Buyer's Agent in 2022

    Todd Henricks

    Compass

    (310) 913-3470

    1 in this area

    50 Total Sales

    Todd Henricks
    Section Image
  • Julie Mollo

    Seller's Agent in 2021

    Julie Mollo

    Compass

    (323) 459-2789

    2 in this area

    60 Total Sales

    Julie Mollo
    Section Image

  • L

    Seller's Agent in 2017

    Lee Wasser

    Sotheby's International Realty

See All Agents

About Franklin Towers

Map

Source: The MLS

MLS Number: 24-345177

The MLS

APN: 5548-025-072

California Los Angeles County Los Angeles 90046 Hollywood

7250 Franklin Ave Unit 512, Los Angeles, CA

This home is located at 7250 Franklin Ave Unit 512, Los Angeles, CA 90046 since 16 January 2024 and is currently estimated at $683,019, approximately $676 per square foot. This property was built in 1964. 7250 Franklin Ave Unit 512 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.

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.
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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