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Sold for $1,443,039
  • Listed by: Keller Williams Realty • Henry Vega • Contact: 323-833-6466
    Bought with: Keller Williams Realty
    $1,443,039

    3950 Franklin Ave, Los Angeles, CA 90027

    2beds
    1,247sqft
    Single Family Residence
    Built in 1947
    4,225 Square Feet Lot
    $-- Zestimate®
    $1,157/sqft
    $4,892 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $4,892/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Henry Vega DRE #01765081 323-833-6466,

    Keller Williams Realty

    Bought with:

    Henry Vega, DRE #01765081

    Keller Williams Realty

    Source: CRMLS,MLS#: BB23112464MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Rooms
    • Room types: Entry/Foyer, Kitchen, Living Room
    Cooling
    • None
    Appliances
    • Laundry: None
    Features
    • Open Floorplan
    • Has fireplace: Yes
    • Fireplace features: Kitchen, Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,247 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Door-Multi, Garage
    • Attached garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: front door
    • Pool features: None
    • Has view: Yes
    • View description: Hills, Neighborhood, Panoramic
    Lot
    • Size: 4,225 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 5591019023
    • Zoning: LAR1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence
    Materials
    • Stucco
    • Foundation: Raised
    • Roof: Shingle
    Condition
    • Fixer
    • New construction: No
    • Year built: 1947

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Features: Suburban, Sidewalks
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $1,157/sqft
    • Tax assessed value: $1,014,900
    • Annual tax amount: $12,460
    • Date on market: 6/24/2023
    • Cumulative days on market: 11 days
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,FHA 203(k),Submit
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/1/2026Sold$1,443,039+45%$1,157/sqft
    Source: Public Record Report a problem
    8/3/2023Sold$995,000+0.5%$798/sqft
    Source: CRMLS #BB23112464 Report a problem
    7/20/2023Pending sale$990,000$794/sqft
    Source: CRMLS #BB23112464 Report a problem
    7/6/2023Contingent$990,000$794/sqft
    Source: CRMLS #BB23112464 Report a problem
    6/24/2023Listed for sale$990,000+3.1%$794/sqft
    Source: CRMLS #BB23112464 Report a problem
    3/16/2021Sold$960,000-3%$770/sqft
    Source: Glendale AOR ZDD #320004535 Report a problem
    2/11/2021Pending sale$990,000$794/sqft
    Source: Coldwell Banker Residential Brokerage #320004535 Report a problem
    1/25/2021Price change$990,000-16.8%$794/sqft
    Source: Coldwell Banker Residential Brokerage #320004535 Report a problem
    1/8/2021Listed for sale$1,190,000$954/sqft
    Source: Coldwell Banker Residential Brokerage #320004535 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,460 +1.2%$1,014,900 +2%
    2024$12,309 -0.3%$995,000 -0.4%
    2023$12,352 +4.9%$998,783 +2%
    2022$11,779 +6.9%$979,200 +8%
    2021$11,016 +715.4%$907,000 +907.1%
    2020$1,351 $90,059 +2%
    2019$1,351 +3.9%$88,294 +2%
    2018$1,300 $86,564 +2%
    2017$1,300 +2.1%$84,868 +2%
    2016$1,274 +3.2%$83,205 +1.5%
    2015$1,234 -1.3%$81,956 +2%
    2014$1,251 $80,352 +2.5%
    2012-- $78,423 +2%
    2011-- $76,886 +0.8%
    2010-- $76,312 -0.2%
    2009-- $76,494 +2%
    2008-- $74,995 +2%
    2007-- $73,526 +2%
    2006-- $72,085
    2005-- $72,085 +4%
    2004-- $69,288 +1.9%
    2003-- $68,019 +2%
    2002-- $66,686 +4%
    2000-- $64,099
    Find assessor info on the county website

    Neighborhood: Los Feliz

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: John Marshall

    Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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