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3950 Franklin Avenue, Los Angeles, California 90027, Los Angeles, 90027 - 3 bed, 4 bath

3950 Franklin Avenue, Los Angeles, California 90027 home-pic-0
ACTIVE$1,490,000
3950 Franklin Avenue, Los Angeles, California 90027
3Beds
4Baths
1,647Sqft
4,227Lot
Year Built
1947
Close
-
List price
$1.49M
Original List price
$1.85M
Price/Sqft
$905
HOA
-
Days on market
-
Sold On
-
MLS number
WS25224477
Home ConditionExcellent
Features
Good View: Hills
Deck
Patio
ViewHills

About this home

We found 3 Cons,6 Pros. Rank: price - $1.49M(16th), sqft - 1647(17th), beds - 3(50th), baths - 4(55th).

Tucked away in the serene and highly sought-after Franklin Hills neighborhood, just steps from the iconic Shakespeare Bridge, 3950 Franklin Avenue is a versatile home that offers a rare blend of privacy, space, and convenience. The residence features a spacious, flat backyard—an uncommon find in the hills—making it perfect for entertaining during LA’s long summers and mild winters. Inside, the home offers 3 bedrooms and 3.5 bathrooms in total. The main residence features 2 bedrooms and 2.5 baths, while a fully permitted attached Junior ADU provides an additional 1 bed/1 bath—ideal for guests, extended family, or rental income. Peekaboo views of the Griffith Observatory framed by treetops bring a sense of tranquility and connection to nature. Enjoy fresh avocados and lemons year-round from mature fruit trees, or simply relax outdoors surrounded by lush greenery that offers a peaceful escape from city life. Features include engineered wood flooring, new central HVAC & ducts, new mini split in JADU, tankless water heater, 200 amp panel, new windows, new electrical re-wire throughout the house, newer plumbing, cement plaster shower walls and more. Driveway parking for two cars. Located just a 15-minute stroll across the historic Shakespeare Bridge, you’ll find all the charm and convenience of Hillhurst Avenue—home to beloved local spots like Alcove, Little Dom’s, All Time, Encanto, and Jeni’s Ice Cream. Frequent hikes in nearby Griffith Park, and easy access to Los Feliz Village, make this home perfect for anyone seeking both serenity and a vibrant community lifestyle. Ideally positioned just minutes to Silver Lake, Atwater Village, Virgil Village, and Hollywood—this is a rare opportunity to own a peaceful retreat in one of the city’s most coveted neighborhoods.

Nearby schools

8/10
Franklin Avenue Elementary School
Public,•K-6•0.4mi
9/10
Ivanhoe Elementary School
Public,•K-5•0.7mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•0.9mi
/10
Lexington Avenue Primary Center
Public,•K-2•1.0mi
5/10
Micheltorena Street Elementary School
Public,•K-5•1.2mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•1.3mi
4/10
Grant Elementary School
Public,•K-6•2.1mi
6/10
Cheremoya Avenue Elementary School
Public,•K-6•2.5mi
6/10
Thomas Starr King Middle School
Public,•6-8•0.7mi
3/10
Joseph Le Conte Middle School
Public,•6-8•2.4mi
8/10
John Marshall Senior High School
Public,•9-12•0.2mi
6/10
Hollywood Senior High School
Public,•9-12•3.5mi

Price History

Date
Event
Price
11/07/25
Price Change
$1,490,000-16.1%
10/12/25
Price Change
$1,775,000-4.0%
09/25/25
Listing
$1,849,000
08/03/23
Sold
$995,000
03/16/21
Sold
$920,000
03/16/21
Sold
$960,000
Condition Rating
Excellent
Despite being built in 1947, this property has undergone an extensive and high-quality renovation, bringing it to 'virtually new' condition. The MLS description explicitly details numerous recent upgrades including new central HVAC, new mini split in JADU, tankless water heater, 200 amp panel, new windows, new electrical re-wire, and newer plumbing. The images confirm this, showcasing a modern kitchen with high-end stainless steel appliances (including a professional-style range with gold accents), contemporary light wood cabinetry, and white countertops. The bathrooms feature sleek, modern vanities, black fixtures, glass shower enclosures, and cement plaster walls, all appearing brand new. Engineered wood flooring is consistent throughout the main living areas. All components meet current quality standards with no visible deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Prime Location & Neighborhood: Nestled in the serene and highly sought-after Franklin Hills, steps from the iconic Shakespeare Bridge, offering convenient access to vibrant Hillhurst Avenue, Griffith Park, Los Feliz Village, Silver Lake, and Hollywood.
Income Potential & Versatility: Features a fully permitted attached Junior ADU (1 bed/1 bath), providing excellent flexibility for guest accommodation, extended family, or significant rental income potential.
Extensive Modern Upgrades: The property boasts numerous recent upgrades including new central HVAC & ducts, new mini split in JADU, tankless water heater, 200 amp panel, new windows, new electrical re-wire, and newer plumbing, minimizing immediate buyer expenses.
Rare Flat Backyard & Outdoor Oasis: An uncommon find in the hills, the spacious, flat backyard with mature fruit trees and lush greenery offers an ideal private setting for entertaining and a peaceful escape from city life.
Tranquil Views & Ambiance: Enjoy 'peekaboo' views of the Griffith Observatory framed by treetops, contributing to a tranquil and connected-to-nature ambiance within a coveted urban retreat.

Cons

Significant Price Adjustments: The property has undergone substantial price reductions from its initial listing, which may indicate initial overpricing or a challenging market perception, potentially impacting buyer confidence.
Limited On-Site Parking: With driveway parking for only two cars, this could be a constraint for multi-car households or when hosting guests in a desirable, potentially dense urban neighborhood.
Older Construction (1947): Despite extensive modern updates, the home's original construction year of 1947 means the underlying structure is over 75 years old, which could lead to potential long-term maintenance considerations or unforeseen issues not covered by recent renovations.

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