tomo logo

$650,000

Beds
2
Baths
2.0
sq ft
1,363

7250 Franklin Ave Unit 117, Los Angeles, CA 90046

7250 Franklin Ave Unit 117

Los Angeles, CA 90046

  • 72 days on market
    • Price drop $49,000↓
Welcome to your new condo in the lovely Runyon Canyon neighborhood of Los Angeles! Centrally located near shops and restaurants, yet tucked away from the hustle and bustle of Hollywood Blvd, sits this well-maintained 2-Bed 2-Bath condo in the prestigious Franklin Towers building. This condo offers 1,363 SF of open floor plan with expansive patio and pool views. Upon entering, you are welcomed with a large foyer leading to the large galley kitchen with stainless steel appliances, pantry with built-in shelves, water purifier, & large peninsula overlooking the living room. The living space has large windows showing off the back patio with double-paned sliding doors for a great indoor / outdoor flow. There is a built-in sound system throughout the condo with speakers in every room. There are two bedrooms, both offering privacy and serenity with plenty of room for relaxation. The primary suite features two walk-in closets, an ensuite bathroom, and great natural lighting. The hall bathroom contains beautiful granite countertops and a shower over tub. Recent renovations include new recessed lighting, new kitchen cabinets, and new paint throughout. Franklin Towers offers residents a community pool, sauna, steam room, recreational space, and 24/7 front desk staff to assist with any of your needs. Don't delay on this amazing opportunity!

Details

Property type

Condominium

Est. home value

$839,097

Lot size

1.2289 acres

Price per sq ft

$477

Year built

1964

Monthly HOA fee

$1,090.23

Price History

11/08/2024
CRMLS

CRMLS #P1-19229

Price change
$650,000
-7.01%
10/23/2024
CRMLS

CRMLS #P1-19229

Listed
$699,000
10/10/2024
CRMLS

CRMLS #P1-19229

Pending
$699,000

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Sidewalks

Negotiation Insights

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

Seller could get up to

$81,613
Asking price
$650,000
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$516,387
Cash to seller
$81,613

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

November 2022

Original loan amount

$529,750

Est. remaining balance

$516,387

Interest rate

6.02%

Loan type

New Conventional, 30 year

Seller

Stuart D Katsh and The Stuart D Katsh Trust

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: 11/21/2024 at 7:55 PM

Listing updated: 11/09/2024 at 3:50 AM

Listed by: David Knight, Keller Williams Realty

MLS: CRMLS #P1-19229

CRMLS logo

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