4319 Melbourne Avenue

Los Angeles, CA 90027

$1,259,000
Price
4
Beds
2
Baths
1,750 Sq. Ft.
$719 / Sq. Ft.
1,750
Sq. Ft.
$719
per Sq. Ft.

Description

Ask me for the FliPro report for maximum build and development potential! Per the report "By Right", "Transit Bonus" and "Density Bonus" all apply. Prime Los Feliz Location on a Charming Tree-lined Street. This property boasts two detached units situated on a generous, flat R2 lot spanning over 6,750 sq. ft., offering incredible potential for investors or developers with an exceptional opportunity for renovation or redevelopment. Currently income-producing with tenants in place, the property also...Ask me for the FliPro report for maximum build and development potential! Per the report "By Right", "Transit Bonus" and "Density Bonus" all apply. Prime Los Feliz Location on a Charming Tree-lined Street. This property boasts two detached units situated on a generous, flat R2 lot spanning over 6,750 sq. ft., offering incredible potential for investors or developers with an exceptional opportunity for renovation or redevelopment. Currently income-producing with tenants in place, the property also allows the option to live in one unit while earning rental income from the other. The seller is offering attractive carryback financing below current rates, and is also open to cash offers or a standard loan. Please note there are no existing plans or permits. Unit #1, full of character, was built in 1908, while Unit #2 was added in 1955. Contact the agent to schedule an appointment. Blind offers will not be considered.
  1. Listed by Michelle Menna • DRE #01705488 • Brokerage DRE #01364089 • Keller Williams Larchmont

Property Details for 4319 Melbourne Avenue

Zoning
LAR2
Style
Cottage
Cross Streets
Hillhurst, Franklin, Talmadge, Prospect
Parcel Number
5591024021
Total Units
2.0
Living Area
1750
Source Living Area
Assessor
Area
Los Feliz (637)
LISTING UPDATED: 12/12/2024 02:22 PM

Property Details for 4319 Melbourne Avenue

StatusActive
MLS #24-467241
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1908
Lot Size0.16 AC / 6,752 SF
CountyLos Angeles County

Building Information for 4319 Melbourne Avenue

Stories1Residences-Year Built1908Building Size-Lot Size0.16 AC / 6,752 SF

Property Information for 4319 Melbourne Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Detached
  • View: No
  • View Description: None
  • View: None
  • Direction Faces: South
Contract Info
Contract Info
  • Financing: Cash To New Loan, Conventional, New, Owner May Carry
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $65,916
  • Net Operating Income: $62,860.00
  • Gross Income: $65,916
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 3056
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.155
  • Lot Size Square Feet: 6752
  • Lot Features: Back Yard, Front Yard
  • Lot Description: Back Yard, Front Yard
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 3
  • Open Other Spaces Total: 3
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Linoleum, Wood
  • Equipment: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer
  • Common Walls: Detached/No Common Walls
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-27-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,033.00
  • Unit Actual Rent: $2,033.00
  • Unit Projected Rent: $2,033.00
  • Like Units: 431
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,460.00
  • Unit Actual Rent: $3,460.00
  • Unit Projected Rent: $3,460.00
  • Like Units: 432
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $53,051.00
  • Assessed Improvement Percent: 32.5
  • Assessed Land Value: $110,162.00
  • Assessed Land Percent: 67.5
  • Assessed Total Value: $163,213.00

Property History for 4319 Melbourne Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4319 Melbourne Avenue

Taxable ValueLand$112,365Additions$54,112Total$166,477
Tax Record2024$2,301 ($192 / month)
Home Facts
Total Finished SqFt1,750 SqFtAbove Grade Finished SqFt1,750 SqFtLot Size6,750 SqFtStyleDuplexYear Built1908ZoningLAR2CountyLOS ANGELESAPN5591-024-021

Schools near 4319 Melbourne Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Franklin Avenue Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4319 Melbourne Avenue is a multi-family home for sale in Los Angeles, CA 90027. This property was listed for sale on November 26, 2024 by Keller Williams Larchmont, it's currently listed at $1,259,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Franklin Avenue Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 4319 Melbourne Avenue is a 4-bed, 2-bath, 1,750 sqft multi-family home built in 1908.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Larchmont, Michelle Menna, DRE #01705488

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.