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Image 1 - 5637 Observation Ln, Los Angeles, California, 90028 - House for sale

Image 2 - 5637 Observation Ln, Los Angeles, California, 90028 - House for sale

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Image 4 - 5637 Observation Ln, Los Angeles, California, 90028 - House for sale

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Observation Ln, Los Angeles, Home For Sale

5637 Observation Ln, Los Angeles, California, 90028

Observation Ln, Los Angeles, Home For Sale

house for sale

Listed: 07/05/24

5637 Observation Ln, Los Angeles, California, 90028

3 Bed:

3 Bath:

1,394 Sq Ft Living Area:

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Price

$ 1,03M

Price: Lower

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About This House

Sweet home in the middle of hollywood - this home is located in the Franklin Village neighborhood. This 10 years new home comes with 3 bedrooms and 3 bathrooms and stunning 360-degree view of the downtown on the rooftop terrace. 360-degree view includes view of Hollywood Hills, Griffith Observatory, Hollywood downtown, and LA downtown. This beautiful home is just few steps away from the LA Metro station, Franklin Village, restaurants, bars, shops, and entertainment. Comes with attached 2 car garage and main entrance on the 1st floor, 2nd floor has great room with beautiful kitchen and a full bath and bedroom, there are two bedrooms with its own bathroom on the 3rd floor, and walk up to the rooftop terrace where you can enjoy views, sunbathe, and barbeque! This well maintained community was built 2014 and has very low HOA dues. Don't miss this great opportunity.

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Los Angeles Housing & Living

Average sale prices for houses

1 bed

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
Jul 2024	$1,360,738 (-4.3%)
Jun 2024	$1,421,442 (+2%)
May 2024	$1,393,034 (+2.8%)
Apr 2024	$1,355,414 (+14.7%)
Mar 2024	$1,181,757 (0%)
Feb 2024	$1,181,757 (0%)

In July 2024, the asking price for 3 bed houses for sale in/near Los Angeles, United States averaged $1,360,738, a decrease of 4.3% from the previous month.

Median price trends for properties for sale in Los Angeles, United States as of July 2024.

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.

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