7250 Franklin Ave | Franklin Towers

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Franklin Towers
7250 Franklin Ave
Los Angeles CA 90028

Franklin Towers is a 14 story mid-century luxury high-rise in Hollywood. Developed by Jack Bendat in 1964, at a cost of $8M, the high-rise was originally luxury apartment rentals. Architects Bart Bosworth and Shelby Taylor designed the exterior (Shelby Taylor also designed 818 Doheny), and was built by Crown Construction Co (who also built Empire West in West Hollywood and Crown Towers in the Wilshire Corridor about the same time).

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The Apartment building was called Franklin West, and it offered some pretty extravagant amenities, an on-site barber and beauty shop, a putting green, 24-hour maid service, and a Two-Story Oriental Tea House (still standing today, located by the pool, converted to conference room) and parking for 400 cars.

In 1990 Axiom Development converted the apartments to condominiums and renamed the building Franklin Towers. There are 190 condos in Franklin Towers, ranging from Studios to Two Bedrooms and Penthouses. There are 16 different floor plans, so there is a lot of flexibility and choices.

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Like many full-service luxury high-rises, Franklin Towers offers a cosmopolitan lifestyle, where you feel like you are a movie star, or you might actually be a movie star, this building is a favorite for actors as well as busy young professionals.

Franklin Towers is a grand and classy building and anything but ordinary. It reaches 340 ft tall and has a unique crescent Shape. Franklin Tower offers residents excellent amenities and a convenient location.

Location

See and be seen on Hollywood Boulevard, where the famous Walk of Fame, Chinese Theater, Hollywood & Highland Shopping complex are located. Head out for the night and you never know who you’ll meet! Some of Los Angeles best nightclubs are on Hollywood: Roosevelt Hotel Pool, Supperclub, Playhouse, Ohm, Sound, Ora– are all within walking distance so you can save on an Uber. Or try hitting up the invitation-only Magic Castle, just a block away. Yamashiro restaurant is another local legend. There is a 600-year-old imported pagoda and gardens can also be found there – your Instagram photos with it will make all your friends jealous.

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 If you love hiking, one of Los Angeles most popular hikes is right down the street. Runyon Canyon is a local favorite, and not just for humans, dogs love Runyon too! If you’re feeling adventurous take on the killer wooden stairs route. The work is worth it – the view from the top of Runyon is breathtaking.

Real Estate

Franklin Towers condos are all single level.  There are 16 different Floorplans in two separate towers.

(21) Studios, (63) One Bedrooms (21) One Bedroom + Den (66) Two Bedrooms, and (18) Penthouses.

Each tower has its own elevator. The Front Desk has control of the elevators and can call either elevator for visitors.

 Price Ranges

Studios 300K-400K

1 BR      500K-600K

2 BR      700K-800K

PH          1M-1.2M

 

Turnover Ratio?  6.5%

Record Sale? $1,2450,000

Appreciation? 4.3%

Condos have 9 Foot ceilings, so they feel roomier then their square feet suggest. Every condo has a graciously sized balcony, and some have two. The biggest balconies can add 100sqft to 150sqft of outdoor space to condos and provide some amazing views. There is floor to ceiling sliding glass doors that open to each balcony.

A lot of Franklin Towers floorplans have a darling breakfast nook. Be creative with this area! A small round table and two chairs is all you need for having a morning coffee or dinner for one, whereas the large combined dining room and living room is great when entertaining guests.

Every Bedroom has a window. Originally the development had wet bars in ever condo but many owners over the years have removed them.

One big plus is that Franklin Towers condos have excellent closet space. Many of the 1Br and 2Br floorplans have a nice size walk-in closet. And all condos have more than one closet which helps keep your condo clean and uncluttered and a place to hang your wardrobe. Central Heat and Air

Franklin Park Amenities

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-Pool (heated, gets good light, hours 7:00 am – 11:00 pm)

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-Valet (7:00 am – 2:00 am daily)

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-Front Desk 24 hours

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-Lobby

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-rooftop gym/rooftop deck 360 degree views

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-Conference room, former tea-house

Parking & Laundry

Parking is Assigned by Management in Subterranean Garage. Guest Parking? Valet 24 hrs?

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Laundry Room on each floor

Laundry: Washer & Ventless dryer may be installed in each condo, but not every condo has been upgraded to have in-unit laundry. There is a laundry room on each floor that has a stacked Washer and Dryer that takes credit cards and another Laundry Room area in the garage.

Home Owners Association

Website: www.franklintowers.com/home.html

Front Desk Phone: 323.876.6000

HOA dues Monthly Cost? 600/mo. -700/mo.

HOA dues cover? Water, Trash, Staff, Building Insurance, Maintenance, Reserves

Owner Pays for? Electricity (no Gas), Cable, Internet, Condo Insurance

Any special assessments? Yes – Additional HOA assessment of $120 a month for fire safety/common area rehab assessments (36 months left).

Pet Policy? 2 pets not to exceed total 50 lbs

Rental Policy?

EQ Insurance? No

Building Reserves?

Special move in instructions?

Can you have BBQ on balcony? Yes

Management company?

Ross Morgan & Company, Inc.
15315 Magnolia Blvd. Suite 212
Sherman Oaks, CA 91403

 

If you have any more questions or if you would like to see the property please call me directly at (310) 388-7332 or click the button below to get started. 

 

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