5231 Franklin Ave, Los Angeles, CA, 90027
About This Home
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.
Getting Around
Very Walkable
Good Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Repairs Major
- Year built: 1921
Materials
- Roof: Shingle,Tile
Type & Style
- Home type: SingleFamily
- Architectural style: Mediterranean
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Refrigerator,Range/Oven
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- Ceiling Fan(s),Breakfast Room,Formal Dining Rm
- Flooring: Mixed,Hardwood
- Number of fireplaces: 1
- Fireplace features: Decorative
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air
- Cooling features: None
Interior Area
- Total structure area: 4,743
- Total interior livable area: 4,743 sqft
Property
Details
- Parcel number: 5589005007
- Zoning: LARE9
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: Main Level
- Pool features: In Ground
- Patio & porch: Porch
- Spa features: None
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Lot size: 0.43 Acres
- Features: 2-4 Lots
- Lot size dimensions: 104 x 180
Parking
- Total spaces: 5
- Parking features: Garage - 3 Car
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $17,192 | $206,304 |
| Home Insurance * | $554 | $6,648 |
| Property Taxes | $4,376 | $52,512 |
| Electricity | $1,017 | $12,204 |
| Total | $23,139 | $277,668 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-02 | Listed for sale | $3,750,000 |
| 2024-06-22 | Listing removed | -- |
| 2023-07-07 | Listed for sale | $4,750,000 |
| 2023-05-30 | Listing removed | -- |
| 2022-12-01 | Listed for sale | $4,750,000 |
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