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$2,895,000

Beds
Unknown
sq ft
Unknown

4253 Franklin Ave, Los Angeles, CA 90027

4253 Franklin Ave

Los Angeles, CA 90027

  • 57 days on market
    • Price drop $100,000↓
4 townhome style units in Los Feliz. 4254 Franklin Ave was constructed in 1929 and consists of 2 vintage Spanish style duplexes. The unit mix consists of four very spacious 2 bed + 1 bath units units. All units have hardwood floors and individual private patio spaces with tile floors. Each unit has one assigned private parking space plus private parking for two additional vehicles. Franklin is located on a corner lot with great exposure in the one of the most desirable pockets of Los Feliz and walkable to many local amenities on Hillhurst Ave which is named one of the hottest spots in LA for local eateries, trendy cafes and boutique shops. Very close proximity to Griffith Park and within boundaries of Franklin Elementary School. The subject property has significant upside left in the rents and the property could make for a potential Tenants in Common (TIC), Condo Conversion and/or ADU implementation, buyer to verify. Ideal for owner-occupiers, value-add investors or builders alike! It’s rare to find such an opportunity with several exit strategies.

Details

Property type

Apartment

Lot size

6,229 sq ft

Price per sq ft

Unknown

Year built

1929

HOA

No

Price History

03/20/2025
CRMLS

CRMLS #DW25025911

Price change
$2,895,000
-3.34%
02/04/2025
CRMLS

CRMLS #DW25025911

Listed
$2,995,000
08/13/2024
CRMLS

CRMLS #SR24004523

Removed
$2,995,000

Schools & Community

Neighborhood: 

Los Feliz

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Homebridge Financial Services Inc

Loan start date

July 2019

Original loan amount

$1,462,500

Est. remaining balance

Not provided

Interest rate

6.25%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Michael Blum and Julia Blum

Lender

Bernard Sandler & Linda Marie Sandler Re

Loan start date

October 2013

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

4.57%

Loan type

Not Provided

Seller

Michael Blum and Julia Blum

Lender

Washington Mutual Bank Fa

Loan start date

March 2002

Original loan amount

$455,000

Est. remaining balance

Not provided

Interest rate

6.61%

Loan type

Not Provided, 30 year

Seller

Michael Blum and Julia Blum

Lender

Washington Mutual Bank Fa

Loan start date

May 2000

Original loan amount

$367,500

Est. remaining balance

Not provided

Interest rate

7.95%

Loan type

Not Provided, 30 year

Seller

Michael Blum and Julia Blum

Lender

Home Savings Of America

Loan start date

December 1994

Original loan amount

$328,500

Est. remaining balance

Not provided

Interest rate

8.85%

Loan type

Not Provided, 41 year

Seller

Michael Blum and Julia Blum

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/02/2025 at 7:25 PM

Listing updated: 03/20/2025 at 7:37 PM

Listed by: Rickird Rey Ramirez, Ally Commercial Real Estate Phone #: (424) 317-0308

MLS: CRMLS #DW25025911

CRMLS logo

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