See Home Value
$21,123,878*
House - Off Market

8517 FRANKLIN Avenue

Los Angeles (City), CA 90069
bedrooms
4 Beds
bathrooms
6 Baths, 2 Half Baths
square feet
7640 Sqft
$13,046,000 - $15,944,000
Reference Base Price*
45.73%
Since Nov 1, 2019
CA-Los Angeles
Primary Model
Sold Sep 16, 2005
$410,000
$1,000,000 by Kaylor Corporation
Mortgage Due Sep 01, 2024

About This Property

A bold & innovative departure in new construction whose inimitable style will set a new benchmark for design. Resort-like estate set above the street w/ 120' driveway. Incredible quality/attention to detail w/ rich textures/finishes including luxurious wall coverings, marbles, oak paneled walls & walnut cabinetry. Main level - 13' ceilings & open flr plan w/ liv/din/bar spaces & showroom kitch all open to outdoors. The master suite is reminiscent of a 5-star hotel w/ sit. area, 2-way frplc, custom white oak cabinetry dressing rm & spectac. bath all w/adj outdoor area. 2 addt. en-suite bdrns w/ custom finishes on this level. Entertainment level is part lounge/nightclub/sports bar & includes theater, wine rm & separate entry. A separate space can be office/gym/studio or 4th bdrm. Vantage automation system & surround sound. Serene & tranquil grounds w/ outdoor liv/din area w/ built-in barbeque, zero-edge pool & spa & peaceful water wall overlooking commanding views of the city lights.

The manager has listed the unit size as 7640 square feet.
Unit Size
7,640Ft²
Days on Market
-
Land Size
4,622.00 acres
Price per sqft
$1,897
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2018

Price History

Date / Event Date Event Price
Oct 4, 2019 No longer available -
No longer available
Jun 28, 2019 Listed $14,495,000
Listed
A bold & innovative departure in new construction whose inimitable style will set a new benchmark for design. Resort-like estate set above the street w/ 120' driveway. Incredible quality/attention to detail w/ rich textures/finishes including luxurious wall coverings, marbles, oak paneled walls & walnut cabinetry. Main level - 13' ceilings & open flr plan w/ liv/din/bar spaces & showroom kitch all open to outdoors. The master suite is reminiscent of a 5-star hotel w/ sit…

Property Highlights

Fireplace
Air Conditioning
Parking Available
Garage
With View

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Construction Type: Wood
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 4,622
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 510
  • Total Building Area: 6,484
  • Building Area: 6,484
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 6,484
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 8500
  • Land Acres: 0.106
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TR=8500 EX OF STS LOT 219

Ownership

  • Current Owner : PRECISION DEVELOPMENT LLC
  • Previous Owner : SIEGFUS JON
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 194200

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 33-E3
  • Subdivision Tract Number: 8500
  • Parcel: 5558-025-025
  • Lot: 219
  • Municipality: WEST /HOLLYWOOD HILS
  • Latitude: 34.1009
  • Longitude: -118.376

    Address

  • Full Address: 8517 Franklin Ave
  • Address - House Number: 8517
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C015
  • 4-Digit Zip Code: 1401
  • Zip Code: 90069

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $84,243
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2316
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 67
  • Final Value: 5,794,542
  • High Value: 7,137,044
  • Low Value: 4,452,040

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,000,000
  • First Open Lien Mortgage Lender: KAYLOR CORPORATION
  • First Open Lien Mortgage Recording Date: Sep 01, 2023
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • First Open Lien Mortgage Term: 12
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2024

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,309,696
  • Assessed Land Value: $663,473
  • Assessed Improvements Value: $6,646,223

    Sales

  • Current Sale Contract Date: Sep 01, 2005
  • Current Sale Recording Date: Sep 16, 2005
  • Current Sale Transaction ID: 1036017756
  • Current Sale Price: $410,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 05-2236601



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
7 Baths
8,339 ft²
$1,859/ft²
$15,500,000 Mar 21, 2023
-
-
House
5 Beds
8 Baths
10,000 ft²
$1,600/ft²
$15,995,000 Jan 11, 2023
-
-
Condo
3 Beds
3.5 Baths
3,287 ft²
$4,107/ft²
$13,500,000 Nov 16, 2022
-
$7,380/mo
House
6 Beds
8 Baths
-
$15,995,000 Feb 13, 2023
-
-

About West Los Angeles


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Frequently Asked Questions

When was property at 8517 Franklin Avenue built and last sold?
The property at 8517 Franklin Avenue was built in 2018 and last sold on Sep 1, 2005 for $410,000.
How much is this home worth?
The estimated value of the home located at 8517 Franklin Avenue is $14,328,288.
What are some comparable homes to 8517 Franklin Avenue?
There are currently no comparable homes to 8517 Franklin Avenue.

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