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$685,000

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

  • 63 days on market
    • Price drop $3,000↓
This stunning 1 bed 1.5 bath condominium is located in the prestigious Franklin Towers luxury high rise condominiums and is available for sale with all FURNISHINGS INCLUDED (Optional). The unit boasts 10ft. ceilings in the living room, providing an open and airy feel. The unit has been partially renovated, adding a touch of modern elegance to the space. Enjoy full views in the primary suite & partial balcony views of the sparkling pool and clubhouse, creating a serene and tranquil atmosphere. The amenities at Franklin Towers features 24/7 security, concierge, valet parking, 2 parking spaces in the gated underground parking garage, onsite property management, and a state-of-the-art fitness center and sundeck on the rooftop with breathtaking 360 views of Hollywood, providing the perfect atmosphere to workout or relax and unwind. The resort-style clubhouse features a pool, jacuzzi, sauna, lounge, kitchen, bathrooms with showers and yoga room. Located just .1 miles from Runyon Canyon, and .4 miles from famous Hollywood Sunset Strip/Walk of Fame, and all the great shops and restaurants in the surrounding area. This is truly a one-of-a-kind living experience that you won't want to miss out on. ***Property is being sold with tenant in place. Tenant's 12 month lease expires 12/17/24. Sale will be contingent on identifying another property in 1031 Exchange.***

Details

Property type

Condominium

Est. home value

$718,068

Property condition

Updated/Remodeled

Lot size

1.2289 acres

Price per sq ft

$655

Year built

1964

Monthly HOA fee

$992.62

Price History

06/23/2024
CLAW

CLAW #24380771

Price change
$685,000
-0.44%
05/27/2024
CLAW

CLAW #24380771

Price change
$688,000
-1.01%
04/29/2024
CLAW

CLAW #24380771

Listed
$695,000
+18.8%

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

$152,637
Asking price
$685,000
Closing costs (~8% of asking)
-$54,800
Est. remaining loan balance
-$477,563
Cash to seller
$152,637

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

$477,563

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?

Status: Active

Tomo last checked: 07/01/2024 at 8:50 AM

Listing updated: 06/22/2024 at 11:43 PM

Listed by: Colin Boyd, Christie's AKG Phone #: (424) 249-7162

MLS: CLAW #24380771

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