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1920s Three Bedroom in Franklin Hills Selling Short at $695K

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Frequently, while perusing Redfin's "Most Popular" listings gallery, we'll find ourselves mystified by the presence of a particular property, with only a vague guess as to what factors may be causing its surge in popularity. Take this place for example -- it's not exactly charm-laden, nor is it all that big, so is it just the $399K price tag that's generating buzz? Possibly, but who knows? Other listings in this section cause little or no head-scratching, such as this appealing abode in Los Feliz's Franklin Hills section. Built in 1927, the 1,628 square foot residence features three bedrooms, two baths, hardwood floors, coved ceilings, built-in cabinets, a fireplace in the living room, basement with laundry, a large yard, city views, and detached, two-car garage. Per public records, it last changed hands for $990,000 in 2005 as part of a multi-property deal. It's now listed as a short sale with an asking price of $695,000.
· 622 N CLYBOURN Ave [Redfin]
· 3839 FRANKLIN Ave [Redfin]