Check Availability
$4,750,000
House - For Sale

5231 Franklin Ave

Los Angeles, CA 90027
bedrooms
5 Beds
bathrooms
3.5 Baths, 1 Half Bath
square feet
4743 Sqft
$4,750,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
CA-Los Angeles
Primary Model

About This Property

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.

The manager has listed the unit size as 4743 square feet.
Unit Size
4,743Ft²
Days on Market
297 days
Land Size
0.43 acres
Price per sqft
$1,001
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1921
Last updated: 6 months ago (CLAWCA #288003)

Price History

Date / Event Date Event Price
Jul 6, 2023 Listed by Compass $4,750,000
Listed by Compass
May 31, 2023 No longer available -
No longer available
Dec 1, 2022 Listed by Compass $4,750,000
Listed by Compass
On the market for the first time in nearly 50 years. Circa 1921, Roy D. Jones, architect. A once in a lifetime opportunity to restore and reimagine one of Los Feliz's most premier properties. Two lots, totaling approximately 23,000 square feet, offers ultimate potential and flexibility. Italianate architecture, original moldings, chinoiserie details, and period fixtures have withstood the test of time. Large formal living room with an adjacent family room opens to the incredible outdoor…

Property Highlights

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Spanish
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 18,646
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,040
  • Total Building Area: 3,480
  • Building Area: 3,480
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 3,480
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 2099
  • Land Acres: 0.428
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 2099 LOT COM AT INTERSECTION OF E LINE OF LOT 29 WITH N LINE OF FRANKLIN AVE TH N 0 06'30 W 246.28 FT TH N 45 25' W 12.5 FT TH S 44 35' W SEE ASSESSOR MAPBOOK FOR MISSING PORTIONLOT 29

Ownership

  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 189300

Zoning

  • Zoning: LARE9

Geography

  • Assessors Map Reference: 34-E2
  • Subdivision Tract Number: 2099
  • Parcel: 5589-005-007
  • Lot: 29
  • Municipality: EAST /LA LAKE HOLLYWD
  • Latitude: 34.1058
  • Longitude: -118.305

    Address

  • Full Address: 5231 Franklin Ave
  • Address - House Number: 5231
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C027
  • 4-Digit Zip Code: 3603
  • Zip Code: 90027

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,897
  • Tax Rate Code Area: 00-013

    Appraisal Valuation

  • Standard Deviation: 0.0676
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 96
  • Final Value: 4,745,890
  • High Value: 5,066,941
  • Low Value: 4,424,840

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $193,772
  • Assessed Land Value: $83,141
  • Assessed Improvements Value: $110,631

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
6 Baths
4,453 ft²
$988/ft²
$4,399,000 Feb 14, 2022
-
$263/mo

About Central LA


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Frequently Asked Questions

When was property at 5231 Franklin Avenue built and last sold?
The property at 5231 Franklin Avenue was built in 1921 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5231 Franklin Avenue is $4,797,500.
What are some comparable homes to 5231 Franklin Avenue?
Homes that are comparable to 5231 Franklin Avenue include a house property at 5280 Los Bonitos Way, located in Los Feliz, CA.

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