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7250 Franklin Avenue 512, Los Angeles, California 90046, Los Angeles, 90046 - 2 bed, 2 bath

7250 Franklin Avenue 512, Los Angeles, California 90046 home-pic-0
ACTIVE$699,000
7250 Franklin Avenue 512, Los Angeles, California 90046
2Beds
2Baths
1,009Sqft
53,531Lot
Year Built
1964
Close
-
List price
$699K
Original List price
$770K
Price/Sqft
$693
HOA
$1,156.49
Days on market
-
Sold On
-
MLS number
25484377
Home ConditionExcellent
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $699.0K(50th), sqft - 1009(37th), beds - 2(50th), baths - 2(50th).

Step into the epitome of Hollywood luxury with this sophisticated 2-bedroom, 2-bath condo in the renowned Franklin Towers. This unit offers an open-concept living and dining area that seamlessly extends to a private balcony, perfect for entertaining or unwinding. The gourmet kitchen boasts top-of-the-line appliances and a convenient breakfast bar, catering to culinary enthusiasts. The primary suite features an en-suite bathroom with a rain shower and its own private balcony, providing a serene retreat. The second bedroom can also be used as an office, den or podcast room. Recent updates infuse modern style throughout the unit. HOA covers full-service amenities, including valet parking, a state-of-the-art fitness center, sauna, steam room, spa, pool, dog run, 24/7 security, and concierge services. The rooftop sundeck offers panoramic city and hill views, enhancing the luxurious lifestyle. Situated just steps from Runyon Canyon and moments from vibrant nightlife, cafes, and shopping, this condo embodies the best of LA living. Seller is motivated. Creative Financing Available. Lease to own options. Please note that Zillow does not show correct photos, trying to fix this issue. Please call agent or look at other sites online.

Price History

Date
Event
Price
03/15/24
Sold
$715,000
05/07/21
Sold
$630,000
07/27/17
Sold
$600,000
02/26/13
Sold
$285,000
11/02/00
Sold
$167,500
Condition Rating
Excellent
Despite being built in 1964, the property has undergone extensive and recent renovations, as explicitly stated in the description ('Recent updates infuse modern style throughout the unit') and clearly visible in the images. The kitchen boasts modern white shaker cabinets, stainless steel appliances, subway tile backsplash, and contemporary countertops. Both bathrooms are fully updated with modern vanities, tiling, and a rain shower in the primary suite. The flooring is consistent, new-looking laminate, and all light fixtures are modern and stylish. The overall aesthetic is fresh, contemporary, and shows no signs of deferred maintenance, indicating that all components are new or virtually new, meeting current quality standards.
Pros & Cons

Pros

Prime Hollywood Location: Situated just steps from Runyon Canyon and moments from vibrant nightlife, cafes, and shopping, offering an unparalleled LA lifestyle.
Extensive Luxury Amenities: The Franklin Towers provide full-service amenities including valet parking, a state-of-the-art fitness center, sauna, steam room, spa, pool, dog run, 24/7 security, concierge services, and a rooftop sundeck with panoramic views.
Modern & Updated Interior: The unit features an open-concept living area, a gourmet kitchen with top-of-the-line appliances, a breakfast bar, and recent updates throughout, including a primary en-suite bathroom with a rain shower.
Private Outdoor Spaces: The condo boasts two private balconies, one extending from the living/dining area and another from the primary suite, providing valuable personal outdoor retreats.
Versatile Floor Plan: The second bedroom offers flexibility, easily convertible into an office, den, or podcast room, catering to diverse lifestyle needs.

Cons

High Monthly HOA Fees: The association fee of $1156.49 per month is substantial and could be a significant deterrent for potential buyers, impacting affordability.
Seller Motivation & Price History: Explicit statements like 'Seller is motivated,' 'Creative Financing Available,' and 'Lease to own options,' coupled with a price reduction from $770,000 to $699,000, suggest challenges in selling at the desired price point.
Poor Online Marketing Presentation: The note 'Zillow does not show correct photos, trying to fix this issue' indicates a significant problem with the property's online representation, potentially hindering buyer interest and initial impressions.

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