Share this with your friends
909-224-5786
Realty One Group West
4071 Melrose Ave, Los Angeles, CA 90029
- $2,100,000
- List Price
- $2,100,000
- Status
- COMING SOON
- MLS#
- SB26224115
- Year Built
- 1981
- Lot Size
- 7,110
- Acres
- 0.16
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 28
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
6.11% Cap Rate | 11.01 GRM | Exempt from LA City Rent Control. Built in 1981 and fully renovated in 2024, 4071 Melrose Avenue is subject to California AB 1482 rent increases (5% + CPI) and located in East Hollywood/Virgil Village near Silver Lake. The existing unit mix consists of (5) 1-bed/1-bath units and (1) 2-bed/1-bath unit, featuring interior renovations with in-unit washer/dryers, mini-split HVAC, white oak flooring, custom cabinetry, and GE appliances. Additional features include new exterior stucco, paint, fencing, individual water heaters, and a Ratio Utility Billing System (RUBS). Situated on a 7,110 sq ft lot with up to 10 parking spaces, the property includes plans for two and four ADUs (1,141 sq ft 3B/2B and 716 sq ft 2B/2B) in the rear parking lot. The property also benefits from well-maintained major systems, including roof, plumbing, and electrical.
/u.realgeeks.media/californiarealtornow/2dd51a9cb5f6-IMG_6118.jpg)
Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- High Efficiency, Wall/Window Unit(s)
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Built-in Features, Ceiling Fan(s)
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $190,740
- Operating Expense
- 56654
Listing courtesy of Listing Agent: Robert Sillman (bobby.sillman@gmail.com) from Listing Office: Robert Sillman.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.