5754 Melrose Avenue

Los Angeles, CA 90038

$1,698,000
Price
6
Beds
6
Baths
2,772 Sq. Ft.
$613 / Sq. Ft.
2,772
Sq. Ft.
$613
per Sq. Ft.

Description

Great for a 1031 Exchange replacement/upleg property, or ideal for an Owner/User! Introducing a 4 unit apartment complex located on the popular Melrose Avenue with Commercial Zoning. The owner's 2-bedroom unit will be delivered vacant affording the opportunity for more income, or a wonderful owner/user option. There is a rooftop deck for the owner's unit which offers views of the Hollywood Sign and Griffith Observatory. The rest of the building is vacant and ready to fill with residential or commercial...Great for a 1031 Exchange replacement/upleg property, or ideal for an Owner/User! Introducing a 4 unit apartment complex located on the popular Melrose Avenue with Commercial Zoning. The owner's 2-bedroom unit will be delivered vacant affording the opportunity for more income, or a wonderful owner/user option. There is a rooftop deck for the owner's unit which offers views of the Hollywood Sign and Griffith Observatory. The rest of the building is vacant and ready to fill with residential or commercial tenants. The building is located in prime Melrose and is only steps away from Larchmont, Paramount Studios, Raleigh Studios and more. Buyer to cooperate with Seller's 1031 Exchange at no expense to buyer.
  1. Listed by Todd Jones • DRE #01481426 • Brokerage DRE #00858724 • Rodeo Realty

Property Details for 5754 Melrose Avenue

Water Front
None
Zoning
LAC1
Cross Streets
Melrose Ave. and N. Lucerne Blvd.
Living Area
2772
Source Living Area
Assessor
Area
Hancock Park-Wilshire
Vacancy Rate
0
Lot Size Area
2161
LISTING UPDATED: 11/12/2024 01:14 PM

Property Details for 5754 Melrose Avenue

StatusActive
MLS #24-461549
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.05 AC / 2,161 SF
CountyLos Angeles County

Building Information for 5754 Melrose Avenue

Stories-Residences-Year Built1924Building Size-Lot Size0.05 AC / 2,161 SF

Property Information for 5754 Melrose Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: North
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $189,600
  • Net Operating Income: $160,825.00
  • Gross Income: $189,600
  • Cap Rate: 9.40%
  • Gross Rent Multiplier: $8.90
  • Actual Annual Gross Rent: $189,600.00
  • Vacancy Allow Percent: 2.00%
  • Total Annual Expense: 28775
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.0496
  • Lot Description: Curbs, Sidewalks, Single Lot, Street Concrete, Street Lighting, Street Paved, Walk Street
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
Interior Features
Interior Features
  • Rooms: Dining Room, Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Fireplace Rooms: Living Room
  • Den: No
  • Family Room: 1
  • Dining Room: 1
  • Cooling Type: Wall Unit(s)
  • Heating Type: Wall
  • Flooring: Wood, Tile
  • Equipment: Ceiling Fan, Dishwasher, Freezer, Microwave, Refrigerator, Washer, Dryer, Range/Oven
  • Interior Features: Common Walls
  • Kitchen Features: Counter Top, Quartz Counters
  • Bathroom Features: Shower and Tub, Tile
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Microwave, Oven
  • Laundry: Laundry Area, Room
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Patio Features: Deck(s), Roof Top Deck
  • Entry Location: Other
  • Other Structures: None
Lease Terms
Lease Terms
  • Tenant Pays: Cable TV, Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $144,825.00
  • Assessed Improvement Percent: 50.51
  • Assessed Land Value: $141,928.00
  • Assessed Land Percent: 49.49
  • Assessed Total Value: $286,753.00
  • Private Transfer Taxes: No

Property History for 5754 Melrose 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 5754 Melrose Avenue

Taxable ValueLand$150,614Additions$153,688Total$304,302
Tax Record2024$3,995 ($333 / month)
Home Facts
Total Finished SqFt2,772 SqFtAbove Grade Finished SqFt2,772 SqFtLot Size2,161 SqFtStyleQuadraplexYear Built1924ZoningLAC1CountyLOS ANGELESAPN5523-011-024

Schools near 5754 Melrose 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
Charter - K to 5
Rating
School
Distance
Van Ness Avenue Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Fairfax Senior High 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.

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5754 Melrose Avenue is a multi-family home for sale in Los Angeles, CA 90038. This property was listed for sale on November 12, 2024 by Rodeo Realty, it's currently listed at $1,698,000. It has been on the market for a total of 8 days and was last sold on January 8, 1999. This listing's school district is Los Angeles Unified School District. Nearby schools include Van Ness Avenue Elementary School, Hubert Howe Bancroft Middle School and Fairfax Senior High School. 5754 Melrose Avenue is a 6-bed, 6-bath, 2,772 sqft multi-family home built in 1924.

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 Rodeo Realty, Todd Jones, DRE #01481426

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.