tomo logo

$699,000

Beds
2
Baths
2.0
sq ft
1,377

7250 Franklin Ave Unit 302, Los Angeles, CA 90046

7250 Franklin Ave Unit 302

Los Angeles, CA 90046

  • 90 days on market
    • Price drop $100,000↓
Experience Old Hollywood glamour at the elegant Iconic Franklin Towers. Just moments from the Sunset Strip and Hollywood Boulevard's boutiques and restaurants, with easy Metro access and hiking trails in Runyon Canyon right outside your door.This stunning 2B/2B, 1,377 sq. ft. Art Deco-inspired corner unit offers breathtaking views from every room. Enjoy waterproof luxury plank laminate flooring, tile in the kitchen and bathrooms, and two private balconies with sweeping city vistas. The kitchen features granite countertops, an electric cooktop, wall oven, microwave/convection oven, refrigerator, disposal, wine fridge, and ample storage. The building boasts 24-hour concierge service, valet parking, a pool and spa with a sundeck, steam rooms, saunas, and a yoga room. The elegant clubhouse includes a Tea Room, kitchen, lounge, party area, boardroom, and a welcoming lobby. A rooftop deck with panoramic views and an enclosed gym complete the luxury experience. Live the ultimate Hollywood lifestyle at Franklin Towers.

Details

Property type

Condominium

Est. home value

$842,791

Lot size

1.2289 acres

Price per sq ft

$508

Year built

1964

Monthly HOA fee

$1,077

Price History

11/05/2024
CLAW

CLAW #24431547

Listed
$699,000
10/24/2024
CLAW

CLAW #24431547

Pending
$699,000
10/21/2024
CLAW

CLAW #24431547

Price change
$699,000
-12.52%

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$576,973
Asking price
$699,000
Closing costs (~8% of asking)
-$55,920
Est. remaining loan balance
-$66,107
Cash to seller
$576,973

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

Seller’s Loan History

Lender

North American Mtg

Loan start date

July 1999

Original loan amount

$204,800

Est. remaining balance

$66,107

Interest rate

7.23%

Loan type

Not Provided, 30 year

Seller

Cathrynne D Dale

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 8:20 PM

Listing updated: 11/05/2024 at 10:35 AM

Listed by: Lorena Tellez Sanchez, Compass Phone #: (747) 888-0508

MLS: CLAW #24431547

CLAW logo

Recently listed in Los Angeles

$1,075,000|5 bd|2.25 ba|House
$7,250,000|5 bd|7.0 ba|House
$675,000|3 bd|1.0 ba|House
$4,645,000|5 bd|5.5 ba|House
$875,000|3 bd|1.75 ba|House
$1,425,000|2 bd|3.0 ba|Condo

Explore top cities in California