3950 Franklin Avenue

Closed 8/3/23
Closed 8/3/23
Gallery Image 1
Last Sold Price
$995,000
2 beds1,247 sqft$798/sqft
3950 Franklin Ave, Los Angeles, CA 90027

Description

Introducing an extraordinary investment opportunity in the prestigious Franklin Hills neighborhood, adjacent to the sought-after Los Feliz area of California's 90027 zip code. This newly listed property offers discerning investors the chance to acquire a high-end property with immense potential for substantial returns. Nestled in a tranquil location, this property is a diamond in the rough, awaiting the skilled touch of a seasoned investor. With extensive renovations required, the property presents...Introducing an extraordinary investment opportunity in the prestigious Franklin Hills neighborhood, adjacent to the sought-after Los Feliz area of California's 90027 zip code. This newly listed property offers discerning investors the chance to acquire a high-end property with immense potential for substantial returns. Nestled in a tranquil location, this property is a diamond in the rough, awaiting the skilled touch of a seasoned investor. With extensive renovations required, the property presents a rare opportunity to reimagine and rebuild from the ground up. The interior has been stripped down to the studs, providing a blank canvas for a complete transformation limited only by your imagination. Boasting breathtaking views of the iconic Franklin Hills, this property offers a picturesque backdrop that will captivate both residents and guests alike. Experience the serene beauty of the surrounding hills and the vibrant energy of the nearby Los Feliz community, renowned for its trendy cafes, upscale boutiques, and cultural attractions. Moreover, the property's great potential for expansion cannot be overlooked. With ample space on the lot, investors can explore the possibilities of adding square footage to create a truly grand estate. Alternatively, the property is primed for an accessory dwelling unit (ADU) project, allowing for additional income potential or a separate living space for extended family or guests. Serious investors will recognize the remarkable opportunity that awaits within this prime location. By combining your vision and expertise with the limitless potential of this property, you can create a masterpiece that stands out in the highly competitive real estate market of Los Angeles. Don't miss out on this chance to secure a high-end investor property in one of the most coveted neighborhoods of Los Feliz adjacent to the Franklin Hills. Embrace the challenge of rehabilitating this diamond in the rough, and unlock its true potential. Act now and make this property a shining example of your investment prowess.
LISTING CLOSED: 08/03/2023 12:00 AM

  1. Listed by Henry Vega • DRE #01765081 • Brokerage DRE #01430290 • Keller Williams Realty

Property Details for 3950 Franklin Avenue

Status
Closed
MLS #
BB23112464
Days on Market
11
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Single Family
MLS Type
Residential / Single Family Residence
Year Built
1947
Lot Size
0.10 AC / 4,225 SF
County
Los Angeles County
Architectural Style
Traditional
View
Hills, Neighborhood, Panoramic
Parking Spaces Total
2
Private Pool
No
Cooling Type
None
Total Units
1.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1247
Assessor Parcel Number
5591-019-023
Property Attached YN
false
Common Walls
No Common Walls
New Construction
No
Stories Total
2
Entry Level
1
Fireplace
Yes
Pool
No
View
Yes
View
Yes
Parking for RV
Garage - Two Door
Association
No
Association Fee
$.00
Zoning
LAR1
Senior Community
No
Parcel Number
5591019023
Area
Los Feliz (637)
High School
John Marshall
High School District
Los Angeles Unified
Directions
South of Los Feliz and East of Hillhurst. Between Hyperion Blvd.
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Location

Listing Courtesy of Keller Williams Realty, Henry Vega, DRE #01765081

Sold By Keller Williams Realty, Henry Vega, DRE #01765081

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Building Information for 3950 Franklin Avenue

Stories2Year Built1947Building Size-Lot Size0.10 AC / 4,225 SF

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$6,095 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,057

Property Taxes

$1,038

HOA Dues

$0

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Property Information for 3950 Franklin Avenue

Income / Expense / Tax Details
Income Details
  • Financing: Cash
Tax / Assessment Info
  • Tax Tract Number: 5467
  • Tax Census Tract: 1952.02
  • CFD/Mello-Roos Fee: $367
  • Tax Lot: 144
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Appliances: None
  • Equipment: N/K
  • Interior Features: Open Floorplan
  • Room Type: Entry, Kitchen, Living Room
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Eating Area: Area
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: Kitchen, Living Room
  • Fireplace Rooms: Kitchen, Living Room
  • Fireplace: FP in Living Room, Kitchen
  • Cooling: None
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Shingle
  • Entry Location: front door
  • Foundation Details: Raised
  • Foundation Details: Raised
  • Structures: Suburban
  • Structure Type: House
  • Other Structures: Suburban
  • Property Condition: Fixer
  • Miscellaneous: Suburban
  • View Description: Hills, Panoramic
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 0-1 Unit/Acre
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Electric: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Garage - 2 Car
  • Parking Non-Garage: Garage - Two Door
  • Parking Garage Spaces: 2
  • Parking Garage: Garage - Two Door
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Features: Garage - Two Door
Property / Structure Info
  • Architectural Style: Traditional
  • Residential Styles: Detached
  • Residential Unit Location: No Common Walls

Property History for 3950 Franklin Avenue

DateEvent & SourcePriceAppreciation
Apr 23, 2026

Withdrawn / Cancelled

SDMLS #WS26031380

$1,675,000—
Apr 23, 2026

Withdrawn / Cancelled

CRMLS #WS26031380

$1,675,000—
Apr 23, 2026

Withdrawn / Cancelled

CLAW #WS26031380MR

—
DateEvent & SourcePrice
04/23/2026

Withdrawn / Cancelled

SDMLS #WS26031380

$1,675,000
04/23/2026

Withdrawn / Cancelled

CRMLS #WS26031380

$1,675,000
04/23/2026

Withdrawn / Cancelled

CLAW #WS26031380MR

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3950 Franklin Avenue

Taxable ValueLand$811,920Additions$202,980Total$1,014,900
Tax Record2025$12,460 ($1,038 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,247 SqFtAbove Grade Finished SqFt1,247 SqFtStories2Lot Size4,220 SqFtStyleSingle Family ResidenceYear Built1947Year Renovated1947ZoningLAR1CountyLOS ANGELESAPN5591-019-023

Schools near 3950 Franklin Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Franklin Avenue Elementary School
Public - K to 5
Thomas Starr King Middle School
Public - 6 to 8
John Marshall Senior High School
Public - 9 to 12
Lexington Avenue Primary Center
Public - K to 2
Rating
School
Distance
Franklin Avenue Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Los Feliz
Los Feliz
Los Feliz is the birthplace of one of California’s most iconic celebrities: Mickey Mouse. Inhabited by an eclectic mix of residents, this east side enclave is a wonderful hodgepodge of historic mansions and charming apartment buildings. This rare hybrid manages to offer both urban charm in the form...
Los Feliz Guide

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3950 Franklin Avenue, Los Angeles, CA 90027
$995,000
2
1,247
4,225
3954 Franklin Avenue, Los Angeles, CA 90027
–
4
2
2,140
4,637
2115 Hollyvista Avenue, Los Angeles, CA 90027
$899,000
3
3.5
1,680
5,489
3958 Franklin Avenue, Los Angeles, CA 90027
–
3
3
1,932
4,629
3930 Franklin Avenue, Los Angeles, CA 90027
$1,325,000
3
1,827
4,043
3943 Franklin Avenue, Los Angeles, CA 90027
$1,296,000
3
1,535
3,706

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty, Henry Vega, DRE #01765081

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.