ActiveResidential · sale

7250 Franklin Avenue 804

Los Angeles, CA 90046

$495,000

  • 1 beds
  • 2 baths
  • 1,047 sq ft
  • Built 1964

Listed by Cambree Realty Advisors · MLS #SB26173202

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PROPERTY QUESTIONS & SHOWINGS

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7250 Franklin Avenue 804, Los Angeles, CA 90046 · MLS #SB26173202

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Hardwood floors run through an expansive living and dining area with room to actually live, entertain and spread out, opening to a balcony deep enough for lounge seating, morning coffee or dinner outside.

Year built

Built in 1964.

Garage parking

1 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Sold as-is and priced with renovation in mind, this is an opportunity to create the home you want without paying for someone else’s updates. Set just below the Hollywood Hills, this oversized one-bedroom offers the kind of space, location and flexibility that are getting harder to find.



Step inside and the scale of this 1BR/2BTH home immediately stands out. Hardwood floors run through an expansive living and dining area with room to actually live, entertain and spread out, opening to a balcony deep enough for lounge seating, morning coffee or dinner outside. A true entry foyer, generous mirrored storage and a remarkably spacious bedroom give the home a sense of proportion you simply don’t get in many newer condos. The full bath plus separate bathroom also makes the layout especially functional for guests.



The kitchen and baths remain largely original, which is exactly where the opportunity is. Update a little or rethink it completely. Either way, you’re starting with great square footage, a strong layout that you can make your own.



Then there’s the building. Enjoy 24-hour concierge service, valet, guest parking, a fitness center, sauna and a rooftop deck made for lounging with views of the iconic Hollywood sign. 360 views stretch across the Hollywood Hills, to Culver City, and out toward the downtown skyline.



And when you want to leave home, Runyon Canyon is minutes away, with hiking, restaurants, nightlife and the energy of Hollywood just down the hill, while Franklin Avenue itself feels distinctly more residential.



Bring your ideas. The space, views, amenities and location are already here. Make the rest your own.

Some photographs have been virtually staged and/or digitally edited.

THE NEIGHBORHOOD

Explore the location.

7250 Franklin Avenue 804, Los Angeles, CA 90046

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Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1964
Full baths
2
Garage spaces
1
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,ElectricRange,Disposal,GasOven,WaterHeater
Flooring
Tile,Wood
Utilities
ElectricityConnected,SewerConnected,WaterConnected
Accessibility
AccessibleElevatorInstalled,NoStairs
Pool
No
Pool features
InGround,Association
Spa
Yes
Zoning
LAR3
Parcel
5548025112
HOA
Franklin Towers Homeowners Association
HOA amenities
Pool,Sauna,SpaHotTub,Water
HOA fee frequency
Monthly
Elementary school
Gardner
Middle school
Bancroft
High school
Hollywood
HOA fee
$1,246.29

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$2,062.50
Cap rate

Annual operating income:

HOA: Includes $1,246.29 per month in HOA dues, converted from the $1,246.29 monthly fee reported by the listing source.

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

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Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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Listing information

MLS #SB26173202 · California Regional MLS

Listing brokerage: Cambree Realty Advisors
Listing agent: Aamber Hickman

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

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 © 2023 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. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.