Franklin Place is a boutique, 22-unit condominium at 7249 Franklin Avenue in Hollywood Hills West, built in 2007 within walking distance of the Runyon Canyon trailhead. Two-bedroom units here run large for a condo, roughly 1,610 to 2,103 square feet, and a benchmark two-bedroom sold at $800,000 in April 2026, about $485 per square foot per public records. That places it among the newer, low-density buildings on the Hollywood side of the hill.
The value proposition is specific. This is a small, newer building with a low reported HOA, generous square footage, and Runyon Canyon at the doorstep, a combination that is hard to assemble on the Hollywood side. Buyers trade the deep amenity program of a large community for privacy, newer construction, and a walkable trailhead location.
Browse current Franklin Place listings below, or contact The Knight Group directly for on- and off-market options in the building and a read on where the value sits floor by floor.
Franklin Place trades on scale in reverse: it is small on purpose. With 22 units across four stories, the building runs quiet and low-density, and the day-to-day experience is closer to a private residence than a full-amenity complex. Residents get controlled access, an elevator, a fitness room, and a community room without the foot traffic of a large tower.
The trade-off is straightforward. A boutique building carries a shorter amenity list and thinner resale comps than a 100-plus-unit community. In exchange, buyers get privacy, newer 2007 construction, and larger floor plans than most condos in the area offer. For a buyer who wants a low-maintenance base near Runyon and Hollywood without living in a crowd, that is the entire point.
The building holds 22 units across four stories at 7249 Franklin Avenue, Los Angeles 90046, in Hollywood Hills West. It was built in 2007, which makes it one of the newer condominium buildings in this stretch of the hills, where much of the condo stock dates to the 1960s and 1970s. The single low-rise structure sits directly on the Franklin Avenue corridor near the base of Runyon Canyon.
The compact footprint is the reason the unit interiors are the headline rather than the grounds. Rather than spreading across landscaped acreage, the building concentrates its square footage into 22 larger residences with open floor plans. Position within the building still matters: floor level, exposure, and outlook vary unit to unit, and that variation shows up in price.
Franklin Place is a controlled-access building with gated, secured entry and gated parking. Access control and a secured perimeter are core to the value here, and they are part of why the building draws buyers who travel, own a second home elsewhere, or want a lock-and-leave footprint near Hollywood. In a 22-unit building, the smaller resident count also means a quieter, more contained entry than a large community gate.
The building fits three buyers cleanly. First, buyers who want newer construction and larger square footage without a single-family price on the Hollywood side. Second, active, outdoor-oriented buyers who value walking access to the Runyon Canyon trail. Third, lock-and-leave and second-home owners who want a small, secured building with a low reported HOA. Each is buying the same thing from a different angle: a private, newer base near Runyon at a condo entry point.
Franklin Place sits in Hollywood Hills West, the stretch of hills on the western, Runyon Canyon side of the Hollywood corridor. The character here is a mix of canyon streets, hillside outlooks, and the Franklin Avenue commercial pocket, with the Runyon Canyon Park trailhead a short walk away. This is the more active, trail-adjacent side of the Hollywood Hills, distinct from the quieter Cahuenga Pass pockets to the east.
For buyers weighing the Hollywood Hills, this location leans into walkability. You get a real trailhead within walking distance, the Franklin Avenue cafes and shops nearby, and Hollywood proper minutes to the south, without committing to a car-dependent perch high on a canyon road.
Most gated condo options in the hills fall into two camps: large 1960s-era communities with deep amenity programs, or smaller mid-century buildings with a pool and a gym. Franklin Place is a different bet: a newer, 2007 boutique building that trades a long amenity list and thick comps for newer construction, larger floor plans, a low reported HOA, and a walkable Runyon location. If your priority is amenities and liquidity, a large community may fit better. If your priority is newer construction, privacy, and trail access, the boutique scale here is the advantage. The nearby buildings worth comparing directly are The Highlands and The Murray Hill on the east side of the corridor, and Hillside West and Vista Bella nearer Runyon, all linked below.
The units here run large for a condo. Two-bedroom plans range from roughly 1,610 to 2,103 square feet, with two to three bathrooms, and the layouts are open with gourmet kitchens featuring stainless appliances and granite counters. Interiors report gas fireplaces, in-unit laundry, walk-in closets, spa-style baths with soaking tubs, and plantation shutters. That finish level and square footage are the building’s core pitch, since a 2007 build delivers a more modern interior than the area’s older condo stock.
Next move: when you target a unit, confirm the specific square footage, floor, bathroom count, and exposure against the last comparable sale in the building. In a 22-unit building, comps are thin, so the last one or two in-building sales carry more weight than a broad neighborhood average.
The amenity set is boutique by design. Residents have controlled and gated access, an elevator, a fitness center, a recreation and community room, private assigned storage, and gated parking with guest spaces. There is no pool in the building, so a buyer who requires one should weigh a larger community instead. The offsetting draw is the Runyon Canyon trail within walking distance, which functions as the building’s outdoor amenity.
For buyers comparing Hollywood Hills condos, read this list as a deliberate trade. A large community offers pools, courts, and clubhouses at a higher HOA. Franklin Place offers a lean amenity set, newer construction, and a low reported HOA, with the trail supplying the recreation that a pool would in another building.
The HOA here is reported on the lower side for the area, described as low dues, with one 2026 unit citing monthly dues near $573. Notably, the HOA is reported to include earthquake insurance on the structure, which is a meaningful inclusion in a hillside building. Confirm the balance of the dues package, water, trash, building insurance, access control, and common-area maintenance, on the specific unit before an offer.
Read the dues as part of the price. A low HOA that still bundles earthquake insurance is a genuine advantage in this market, but it also means a smaller reserve base spread across only 22 owners. Before an offer, pull the current HOA financials and reserve study, and confirm what the dues include and whether any special assessment is pending.
The building falls within the Los Angeles Unified School District. As with all LAUSD addresses, specific school assignments are set by attendance boundary and can change, so confirm the current assignment for any target unit through the district’s resolver rather than relying on a listing sheet. The Knight Group can verify the current assignment for a specific unit as part of due diligence.
Location is a core asset here. Franklin Place sits on the Franklin Avenue corridor in Hollywood Hills West, which puts central Hollywood, the 101 Freeway, and the Sunset corridor within a short drive. The West Hollywood and Beverly Hills side is a straightforward run west, and the studios across the pass are a manageable drive east. For a buyer working in Hollywood or on the Westside, the position balances hillside quiet with quick access to the flats.
This is a hillside building, and the standard Hollywood Hills diligence applies: confirm the fire hazard severity zone designation for the specific address, and confirm insurance availability before removing contingencies. The HOA is reported to include earthquake insurance on the structure, which is a real plus, but that does not replace a buyer’s own review of the master policy and personal contents coverage. The post-2025 California insurance market makes confirmed availability a standard checkpoint, not an afterthought, and it is worth confirming how the small owner base would fund a large claim or deductible.
Parking is gated, with assigned resident spaces and guest parking, and the building includes private assigned storage. That storage allocation is a genuine feature, since many condos in the area offer little or none. In a 22-unit building, the specifics still vary: confirm the exact parking assignment, the number of spaces deeded to a unit, and the size and location of the assigned storage before an offer. For a larger two- or three-bath unit, verify the parking count matches the household’s needs.
Because the building dates to 2007, most units need less structural updating than the area’s mid-century stock, and renovation here is typically cosmetic rather than systems-level. Any interior work in an HOA community still runs through the association’s architectural and approval process. Before budgeting a remodel, request the HOA’s renovation guidelines and confirm what is permitted, what needs approval, and any restrictions on flooring, plumbing relocation, or exterior-facing changes. In a small building, noise and access rules during construction are often stricter, so confirm the work-hour and elevator-use rules as well.
Rental potential is a live question, and the HOA’s rental rules are the deciding factor. Small, newer buildings often carry rental caps, minimum lease terms, or owner-occupancy provisions that directly shape a buy-to-hold plan. With only 22 units, a rental cap can fill quickly, so a waitlist is a real possibility. Do not assume a unit can be leased on your timeline. Pull the current CC&Rs and confirm the rental policy, any cap or waitlist, and minimum-term rules before treating a unit as income property.
Recent activity points to the $750,000 to $800,000-plus range for two-bedroom units, tracking size and condition. A benchmark two-bedroom, unit 203 at 1,650 square feet, sold at $800,000 in April 2026, about $485 per square foot, per public records. Earlier sales include unit 104, a 1,620-square-foot two-bed, three-bath that traded in May 2023 at roughly $521 per square foot, and unit 302 at 1,680 square feet, which sold at $750,000 in April 2016.
The takeaway: this is a newer, boutique Hollywood Hills building priced in the high six figures for a large two-bedroom, at a per-square-foot figure that has held in the roughly $485 to $520 band across recent sales. The larger square footage is what separates its total prices from the smaller mid-century condos nearby.
The case rests on three things: newer 2007 construction that limits deferred-maintenance risk, larger floor plans that appeal to a broad buyer pool, and a low reported HOA that includes earthquake insurance. The Runyon-adjacent location adds a durable demand hook that a purely interior pitch cannot.
The offsetting factor is liquidity. With only 22 units, in-building comps are thin, and turnover is infrequent, which makes pricing a specific unit harder than in a large community with frequent sales. A boutique building can also carry more per-owner exposure to a special assessment. Run the numbers with current dues and a close read of the reserves, not a stale figure, before treating a unit as an income play.
In a small building, the spread between the best and weakest units comes down to floor level, square footage, bathroom count, exposure and outlook, and renovation level. The range here is wide, from about 1,610 to 2,103 square feet, so two units can differ meaningfully on size alone before condition even enters. The play is to price the specific unit against the last in-building comp with a similar footprint and floor, not a neighborhood median that blends in far older buildings.
Demand here tracks three durable drivers. Newer construction pulls buyers who want a modern interior without the systems risk of a 1960s building. The walkable Runyon Canyon trailhead draws active, outdoor-oriented buyers who value the location as much as the unit. And the larger floor plans with a low reported HOA keep the building competitive against smaller, higher-dues condos nearby. Those three forces support pricing even though turnover is infrequent.
The building’s newer finishes, larger layouts, and Runyon-adjacent location make it a credible rental target, and leased units would draw tenants who want a modern Hollywood Hills base near the trail. For an owner, the rental math turns on two inputs: the HOA’s rental rules, which in a 22-unit building can include a cap that is already full, and the current dues. For a renter-buyer weighing both, the question is simple: does the monthly cost of ownership, dues included, beat a comparable lease over the expected hold. Run both numbers, and confirm the rental cap status, before committing.
Franklin Place is at 7249 Franklin Avenue, Los Angeles, CA 90046, in Hollywood Hills West, within walking distance of the Runyon Canyon Park trailhead and close to central Hollywood and the 101 Freeway.
It is a boutique, 22-unit condominium building of four stories, built in 2007. That makes it one of the newer condo buildings in this stretch of the Hollywood Hills.
The HOA is reported on the lower side for the area, with one 2026 unit citing monthly dues near $573, and the dues are reported to include earthquake insurance on the structure. Confirm the current figure and full inclusions on the specific unit before an offer.
No. The building does not have a pool. Its amenities include controlled and gated access, an elevator, a fitness center, a recreation and community room, private assigned storage, and gated parking, with the Runyon Canyon trail within walking distance.
Yes. It is a controlled-access building with gated, secured entry and gated resident parking plus guest parking.
Recent two-bedroom sales have run from $750,000 to $800,000-plus, at roughly $485 to $520 per square foot, depending on size, floor, and condition. A benchmark unit sold at $800,000 in April 2026. Current pricing depends on the specific unit’s footprint and finish.
Units run large for a condo, roughly 1,610 to 2,103 square feet, with two bedrooms and two to three bathrooms, open floor plans, gourmet kitchens, gas fireplaces, in-unit laundry, and walk-in closets.
Yes, the building is described as pet-friendly, subject to HOA rules. Confirm the current pet policy and any size or number limits with the HOA before purchasing.
Yes. Because the building is small and turns over infrequently, off-market and quiet-sale opportunities matter here. The Knight Group tracks the Hollywood Hills condo market and can surface pre-market units in the building. Send the address or ask us to track it, and we will pressure-test the price against in-building comps.
Possibly, depending on the HOA’s current rental rules. In a 22-unit building, a rental cap can already be full, with a waitlist. Confirm the current CC&Rs, any rental cap or waitlist, and minimum lease terms before buying a unit as income property.
All three are Hollywood-area condo buildings, but they serve different priorities. Franklin Place is the newer, 2007 boutique option with larger floor plans, a low reported HOA, and a walkable Runyon trailhead. The Highlands is the large, full-amenity 1960s community with two pools and the strongest liquidity. The Murray Hill in Hollywood Dell is a mid-size building with a rooftop terrace. Match the building to what you value most: newer construction and trail access, deep amenities and liquidity, or a specific location hook.
For many buyers, yes. The 2007 build, larger square footage, and modern interior finishes make it one of the newer ways into the Hollywood Hills condo market. The main checkpoints are the thin resale comps and the small owner base: confirm current dues, what they cover, and the reserve health before committing, since a boutique building concentrates any assessment across just 22 owners.
Explore more Hollywood Hills condo buildings: The Highlands · The Murray Hill · Hillside West · Vista Bella. Browse the full Hollywood Hills market.
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