4500 Gilbert Place

Los Angeles, CA 90004

$899,999
Price
2
Beds
2
Baths
1,396 Sq. Ft.
$645 / Sq. Ft.
1,396
Sq. Ft.
$645
per Sq. Ft.

Description

An exceptional opportunity to own a fully renovated side-by-side duplex in Hollywood's Melrose Hill neighborhood. Nestled at the end of a quiet cul-de-sac, this property offers a stunning view of the iconic Hollywood sign. Each unit mirrors the other and boasts one bedroom, one bathroom, plus a spacious bonus area adjacent to the living room, ideal for a laundry room, office, or extra storage space. The interiors offer luxury vinyl flooring, shaker-style kitchen cabinets, stainless steel appliances,...An exceptional opportunity to own a fully renovated side-by-side duplex in Hollywood's Melrose Hill neighborhood. Nestled at the end of a quiet cul-de-sac, this property offers a stunning view of the iconic Hollywood sign. Each unit mirrors the other and boasts one bedroom, one bathroom, plus a spacious bonus area adjacent to the living room, ideal for a laundry room, office, or extra storage space. The interiors offer luxury vinyl flooring, shaker-style kitchen cabinets, stainless steel appliances, glazed ceramic shower tiles, modern fixtures, and stacked washer/dryer sets. The property has a long driveway that can accommodate up to three cars for off-street parking. The converted single-car garage serves as a versatile flex space, perfect for a home office, gym or studio. Outside there is fully drought-resistant landscaping with succulents in the front, high-grade turf in the backyard, and Ficus trees for added privacy. Upgrades include new ABS sewer lines, copper plumbing, electrical wiring, panels, and windows. This fast-growing neighborhood is just over a mile from Larchmont Village and a short drive to Netflix and Paramount Studios. Great opportunity to own a duplex in a prime location.
  1. Listed by Conrad Adamczak • DRE #02124488 • Brokerage DRE #01993345 • The Beverly Hills Estates
  2. Listed by Maxwell Hutchison • DRE #01907904 • Brokerage DRE #01834648 • Plus Real Estate Group

Property Details for 4500 Gilbert Place

Zoning
LAR3
Parcel Number
5521009019
Total Units
2.0
Living Area
1396
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
100%
Lot Size Area
3804
LISTING UPDATED: 11/20/2024 10:55 AM

Property Details for 4500 Gilbert Place

StatusActive
MLS #24-375433
Days on Market266
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.09 AC / 3,804 SF
CountyLos Angeles County

Building Information for 4500 Gilbert Place

Stories-Residences-Year Built1921Building Size-Lot Size0.09 AC / 3,804 SF

Property Information for 4500 Gilbert Place

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $60,000
  • Net Operating Income: $48,000.00
  • Gross Income: $60,000
  • Gross Rent Multiplier: $2,050.00
  • Total Annual Expense: 15000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0873
  • Lot Size Square Feet: 3804
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 0
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Alarm System, Washer, Dryer, Dishwasher, Refrigerator, Range/Oven, Microwave, Garbage Disposal
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-02-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,050.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,050.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $408,000.00
  • Assessed Improvement Percent: 47.06
  • Assessed Land Value: $459,000.00
  • Assessed Land Percent: 52.94
  • Assessed Total Value: $867,000.00

Property History for 4500 Gilbert Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4500 Gilbert Place

Taxable ValueLand$468,180Additions$416,160Total$884,340
Tax Record2024$10,868 ($906 / month)
Home Facts
Total Finished SqFt1,396 SqFtAbove Grade Finished SqFt1,396 SqFtLot Size3,804 SqFtStyleDuplexYear Built1921ZoningLAR3CountyLOS ANGELESAPN5521-009-019

Schools near 4500 Gilbert Place

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 - 9 to 12
Rating
School
Distance
Harvard Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

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.

Similar Homes

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4500 Gilbert Place is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on April 2, 2024 by The Beverly Hills Estates, it's currently listed at $899,999. It has been on the market for a total of 266 days and was last sold on May 5, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Harvard Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 4500 Gilbert Place is a 2-bed, 2-bath, 1,396 sqft multi-family home built in 1921.

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 The Beverly Hills Estates, Conrad Adamczak, DRE #02124488; Plus Real Estate Group, Maxwell Hutchison, DRE #01907904

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.