Recently Listed Foreclosure 3950 Franklin Avenue
Los Angeles, CA, 90027 $ 1,200,000
Bedrooms2 Baths1.0 Sq 1,247 Monthly Estimate*
$ 7,577
Listed by Premier Properties
for $1,200,000 with 2 bedrooms and 1 full bath. This 1,247 square foot home was built in 1947 on a lot size of 0.097.
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.
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FeaturesGeneralLiving Area 1247
Heating None
Cooling None
Zoning LAR1
Architectural Style See Remarks
Pool Features None
Year Built 1947
Levels Multi/Split
Property Subtype Single Family Residence
County Los Angeles
New Construction false
Property Type Residential
HOA false
Full Baths 1
Special Listing Conditions Real Estate Owned
Status Active
Directions iMaps
City Los Angeles
Senior Community Y/N false
MLS Area 637 - Los Feliz
Lot Size Units Square Feet
Lot Size Square Feet 4227
Spa Features None
Property Attached Y/N false
Property Condition Fixer
Standard Status Active
Property Sub Type Additional Single Family Residence
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InteriorFurnished Y/N Unfurnished
Total Stories 0
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N false
Fireplace Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Laundry Features Inside
Total Bedrooms 2
Total Baths 1
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ExteriorParking Features Driveway
Total Parking 0
Lot Size Area 4227
Spa false
Building Area Total 1247
Lot Size Acres 0.097
Private Pool false
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* Excluded FeaturesList Byrandy@randythebroker.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,577
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Los Angeles, CA
Average List Price $3,681,556
Percent of Sale Price 207%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/3/2026 | $1,200,000 | | Listed Price |