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$625,000

Beds
1
Baths
1.5
sq ft
1,047

7250 Franklin Ave Unit 204, Los Angeles, CA 90046

7250 Franklin Ave Unit 204

Los Angeles, CA 90046

  • 33 days on market
    • Price drop $13,888↓
Experience the epitome of luxury living in this exquisite 1-bedroom, 1.5-bath condominium nestled within the prestigious Franklin Towers high-rise. Now available for sale, this remarkable unit offers as (optional) furnished or unfurnished. Step into the living room and be captivated by the soaring 10-foot ceilings that create an expansive and airy ambiance. The space has been thoughtfully partially renovated, infusing modern elegance throughout. From the rimary bedroom, indulge in uninterrupted views of the pool, opulent clubhouse and Hollywood lights. Franklin Towers is renowned for its exceptional amenities, including 24/7 security, concierge services, and valet parking. Enjoy the convenience of two dedicated parking spaces in the secure underground garage, along with onsite property management. Elevate your lifestyle with access to a state-of-the-art rooftop fitness center and two sundecks, where you can soak in breathtaking 360-degree views of Hollywood. The resort-style clubhouse is a haven of relaxation, featuring a pool, jacuzzi, sauna, lounge, kitchen, and bathrooms with showers, as well as a yoga room.Perfectly situated just 0.1 miles from the scenic Runyon Canyon and a mere 0.4 miles from the iconic Hollywood Sunset Strip. This location offers unparalleled access to renowned shops and restaurants. Don't miss the opportunity to experience this unique and luxurious living experience.

Details

Property type

Condominium

Est. home value

$718,068

Property condition

Updated/Remodeled

Lot size

1.2289 acres

Price per sq ft

$597

Year built

1964

Monthly HOA fee

$992.62

Price History

12/17/2024
CLAW

CLAW #24464473

Price change
$625,000
-2.17%
11/17/2024
CLAW

CLAW #24464473

Listed
$638,888
-3.2%
10/16/2024
CLAW

CLAW #24380771

Removed
$660,000

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated

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

$102,222
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$472,778
Cash to seller
$102,222

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

Seller’s Loan History

Lender

Finance Of America Mortgage Llc

Loan start date

April 2022

Original loan amount

$497,250

Est. remaining balance

$472,778

Interest rate

3.92%

Loan type

New Conventional, 30 year

Seller

Nicolas Larsson

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?

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Status: Active

Tomo last checked: 12/22/2024 at 4:40 AM

Listing updated: 12/18/2024 at 10:05 PM

Listed by: Colin Boyd, Christie's International Real Estate SoCal Phone #: (424) 249-7162

MLS: CLAW #24464473

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