5231 Franklin Avenue
Los Angeles, CA 90027
Listing broker / agent: Compass · Victoria Massengale · CRMLS
MLS # 26658509 · Last checked Oct 20, 2026 16:26 UTC
About this property
Step into the prestigious Laughlin Park neighborhood and discover a hidden gem awaiting its revival. Five bedrooms, four bathrooms, and an impressively large lot that exudes potential. Elevated above the street and shrouded by trees, this once-grand home boasts the timeless charm and sophistication of its era. The entrance welcomes you with a classic pathway and a gate that opens to the famous Laughlin Park - a serene oasis in the heart of the bustling city. However, this property requires an inspired buyer with an eye for design and a passion for renovation. The interior is a blank canvas, waiting to be transformed into a breathtaking masterpiece. Every room needs work, and the home is in need of a complete overhaul. But the reward is great: the chance to create your own vision and restore this residence to its former glory. The potential is endless, limited only by your imagination. You could create an entertainer's paradise or a tranquil retreat, all while enjoying the lush surroundings that surround the property. 5231 Franklin is the perfect opportunity for those who appreciate the magic of restoration and the rewards of patience. Take advantage of this rare opportunity and create a legacy in one of Los Angeles' most sought-after neighborhoods.
Property details
- MLS number
- 26658509
- Status
- Active
- Type
- Residential
- Subtype
- Single Family Residence
- Beds / baths
- 5 Beds • 4 Baths
- Living area
- 4,743 (area; units unconfirmed)
- Lot size
- 0.5402 acres
- County
- Los Angeles
- Year built
- 1921
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 151
Building
- Year built
- 1921
- Architectural style
- Mediterranean
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Roof
- Shingle, Tile
- Condition
- Repairs Major
- Living area source
- Measured
Bathrooms
- Full bathrooms
- 3
- Half bathrooms
- 1
- Three-quarter bathrooms
- 0
- Quarter bathrooms
- 0
Rooms & interior
- Rooms
- Center Hall, Family Room, Living Room
- Appliances
- Dishwasher, Refrigerator
- Interior features
- Ceiling Fans
- Flooring
- Wood
- Heating
- Forced Air
- Cooling
- None
- Fireplace
- Decorative
- Laundry
- Inside
- Furnishing
- Unfurnished
Exterior & parking
- Total parking spaces
- 5
- Garage spaces
- 3
- Parking
- Door Multi, Garage
- Pool
- In Ground
- Spa
- None
- Patio / porch
- Porch
- Lot size source
- Assessor
- Property outlook
- None
Utilities & community
- Water
- Public
- Sewer
- Other
Fees & lease terms
- Association
- No
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Grant Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–6 | 0.7 mi |
| Los Feliz Science/Tech/Engineer/Math/Medicine Magnet (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.7 mi |
| Helen Bernstein High (school website, opens in a new tab) Los Angeles Unified · Hollywood | 9–12 | 0.9 mi |
| STEM Academy at Bernstein High (school website, opens in a new tab) Los Angeles Unified · Hollywood | 9–12 | 0.9 mi |
| Cheremoya Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.9 mi |
| Richard A. Alonzo Community Day (school website, opens in a new tab) Los Angeles Unified · Los Angeles | 7–12 | 1.0 mi |
| Kingsley Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 1.0 mi |
| Ramona Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 1.0 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $3,400,000
- MLS-reported original asking price
- $3,750,000
- MLS-reported previous asking price
- $3,750,000
- MLS-reported last price change
- 2026-07-31 07:21 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 08:41 | $3,400,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Los Angeles
Active residential homes for sale in Los Angeles, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
544 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-20 17:22 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗