5231 Franklin Avenue

Los Angeles, CA 90027

$4,750,000
Price
5
Beds
3
Baths
1
1/2 Bath
4,743 Sq. Ft.
$1,001 / Sq. Ft.
4,743
Sq. Ft.
$1,001
per Sq. Ft.

Description

Step into the prestigious Laughlin Park neighborhood and discover a hidden gem awaiting its revival. The highly coveted 5231 Franklin is now available for the first time in almost five decades, offering five bedrooms, four bathrooms, and an impressively large lot that exudes potential. Elevated above the street and shrouded by trees, this once-grand home boasts the timeless charm and sophistication of its era. The entrance welcomes you with a classic pathway and a gate that opens to the famous Laughlin...Step into the prestigious Laughlin Park neighborhood and discover a hidden gem awaiting its revival. The highly coveted 5231 Franklin is now available for the first time in almost five decades, offering five bedrooms, four bathrooms, and an impressively large lot that exudes potential. Elevated above the street and shrouded by trees, this once-grand home boasts the timeless charm and sophistication of its era. The entrance welcomes you with a classic pathway and a gate that opens to the famous Laughlin Park - a serene oasis in the heart of the bustling city. However, this property requires an inspired buyer with an eye for design and a passion for renovation. The interior is a blank canvas, waiting to be transformed into a breathtaking masterpiece. Every room needs work, and the home is in need of a complete overhaul. But the reward is great: the chance to create your own vision and restore this residence to its former glory. The potential is endless, limited only by your imagination. You could create an entertainer's paradise or a tranquil retreat, all while enjoying the lush surroundings that surround the property. 5231 Franklin is the perfect opportunity for those who appreciate the magic of restoration and the rewards of patience. Take advantage of this rare opportunity and create a legacy in one of Los Angeles' most sought-after neighborhoods.

Listing Agents

  1. Victoria Massengale

    Victoria Massengale

    Listing Agent

    Compass

    DRE #01397097

    victoriam@compass.com

    P: 323.640.2924

  2. Michael Maguire

    Michael Maguire

    Alternative Listing Agent

    Compass

    DRE #01762981

Property Details for 5231 Franklin Avenue

Water Front
None
Zoning
LARE9
Style
Mediterranean
Parcel Number
5589005007
Living Area
4743
Source Living Area
Taped
Area
Los Feliz (637)
Lot Size Area
23530

Location

Listing Courtesy of Compass, Victoria Massengale, DRE #01397097; Compass, Michael Maguire, DRE #01762981
Add your commute
LISTING UPDATED: 07/14/2023 12:01 AM

Property Details for 5231 Franklin Avenue

StatusActive
MLS #23-288003
Days on Market296
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1921
Lot Size0.54 AC / 23,530 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Victoria Massengale, DRE #01397097; Compass, Michael Maguire, DRE #01762981
Add your commute

Virtual Tour

Building Information for 5231 Franklin Avenue

Stories2Year Built1921Building Size-Lot Size0.54 AC / 23,530 SF

Payment Calculator

$25,939 per month

30 year fixed, 7.25% Interest

Principal and Interest

$25,923

Property Taxes

$16

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5231 Franklin Avenue

Community / Development
Community / Development
  • HOA: No
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • View: No
  • View Description: None
  • View: None
  • Guest House: Attached
  • Planned Urban Dev: 0
  • Direction Faces: South
  • Property Condition: Repairs Major
  • Water: District
  • Sewer: In Street
Contract Info
Contract Info
  • Probate: No
  • Lease Considered: No
  • Available For Lease: No
  • Lease Option: false
  • Financing: Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Land Lease Purchase: No
  • Horse: No
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.4262
  • Lot Size Square Feet: 23530
  • Lot Size Dimensions: 104x180
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Description: 2-4 Lots
Parking Details
Parking Details
  • Parking Garage: Garage - 3 Car
  • Total Parking: 5
  • Garage Spaces Total: 3
  • Parking Features: Garage - Three Door
Interior Features
Interior Features
  • Room Type: Center Hall, Family Room, Living Room
  • Rooms: Breakfast, Center Hall, Family Room, Living Room, Dining Room
  • Levels: Two
  • Fireplace: Yes
  • Fireplaces: 1
  • Fireplace Features: Decorative
  • Fireplace Rooms: Decorative
  • Den: No
  • Family Room: 1
  • Dining Room: 1
  • Furnished: Unfurnished
  • Cooling: None
  • Cooling Type: None
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Flooring: Mixed, Hardwood
  • Equipment: Ceiling Fan, Dishwasher, Refrigerator, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Detached/No Common Walls
  • Laundry: Inside
  • Eating Areas: Breakfast Room, Formal Dining Rm
Exterior Features
Exterior Features
  • Pool: Yes
  • Pool Description: In Ground
  • Pool Features: In Ground
  • Spa: No
  • Spa: None
  • Roof: Shingle, Tile
  • Patio Features: Porch
  • Entry Location: Main Level
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-06-2023

Property History for 5231 Franklin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5231 Franklin Avenue

Taxable ValueLand$10,803Additions-Total$10,803
Tax Record2023$189 ($16 / month)
Home Facts
Beds0Lot Size4,823 SqFtStyleResidentialZoningLARE9CountyLOS ANGELESAPN5589-005-006

Schools near 5231 Franklin Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Charter - 7 to 12
Rating
School
Distance
Cheremoya Avenue Elementary School
PublicK to 6

Joseph Le Conte Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Apex Academy
Charter7 to 12

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.

Similar Homes

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5231 Franklin Avenue is a single family home for sale in Los Angeles, CA 90027. This property was listed for sale on July 6, 2023 by Compass, it's currently listed at $4,750,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Cheremoya Avenue Elementary School, Joseph Le Conte Middle School and Hollywood Senior High School. 5231 Franklin Avenue is a 5-bed, 3.5-bath, 4,743 sqft single family home built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Victoria Massengale, DRE #01397097; Compass, Michael Maguire, DRE #01762981

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.