3950 Franklin Ave , Los Angeles, CA 90027
$1,200,000
Est. Payment: $6,408.84/mo
2 Bed
1 Bath
1247 Sqft
Status: Active Under Contract | Days on site: 15
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CLW-X82013 - CLW-C104881
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House Description

FRANKLIN HILLS OPPORTUNITY! Public records show the property as a 2-bedroom, 1-bathroom residence. However, upon visual inspection, the property appears to consist of 3 bedrooms and 3 bathrooms, including a Junior ADU (JADU). Buyer to independently verify all bedroom and bathroom counts, square footage, permits, zoning, legality and use of the JADU with the appropriate city agencies and professionals. Bring your vision to 3950 Franklin Ave, a unique REO opportunity nestled in the highly sought-after Franklin Hills neighborhood. This property is ready for a buyer with vision to transform it into something truly special. Whether you're an investor, contractor or owner-user, this is your chance to take on a project and create value in one of Northeast LA's most desirable locations. Just steps from the iconic Shakespeare Bridge and close to Griffith Park and the world-famous Griffith Observatory, this location puts you in the heart of everything that makes Northeast LA so desirable. The property also offers views toward the Griffith Observatory, adding an incredible backdrop and sense of place. Enjoy easy access to Griffith Park for hiking, walking and exploring, while nearby Los Feliz Village and Hillhurst Avenue offer an eclectic mix of restaurants, coffee shops, boutiques and neighborhood favorites. You're also just minutes from Silver Lake, Atwater Village and Hollywood, giving you the perfect balance of peaceful residential surroundings and easy access to some of LA's most popular destinations. This is a true fixer and an exciting opportunity for an investor, contractor or owner-user ready to bring this property back to life. The property also appears to feature a Junior ADU, offering additional living space and potential flexibility for the next owner. Buyer to independently verify all information regarding the JADU, including permits, square footage, zoning, legality and use. Property is being sold strictly AS-IS, WHERE-IS. Buyer is advised to independently verify all information, including bedroom and bathroom count, square footage, property condition, zoning, permits, JADU status, legality, use and development potential, with the appropriate professionals and governmental agencies.

Highlights

Listed by Randy Merino , 310-422-4238 Premier Properties , 310-405-0180. CRMLS/Multi-Regional MLS mls logo

Property Type

Residential

Lot/Acreage
0.1

Year Built

1947

County

Los Angeles

Area

637 - Los Feliz

Listing ID

26940923

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:1
  • Full Bathrooms:1

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:LAR1
Others:
  • Additional:Fixer, Has ADU
Parking Features:Driveway
Principal Interest
$6,409
Taxes
$765

Home Price

$1,200,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$240,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,408.84

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,408.84 $765.00 $0.00 $7,173.84
Yearly $76,906.08 $9,180.00 $0.00 $86,086.08
Total $2,307,182.36 $275,400.00 $0.00 $2,582,582.36

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T01:02:47.000Z

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