This is a great opportunity to develop on a large lot in East Hollywood on a quiet street. Owner occupied and will be delivered vacant. The lot is near Melrose Hills, Los Feliz, Silver Lake, Larchmont Village, and Koreatown. Nearby spots such as the Hollywood Walk of Fame, the Observatory, Pantages Theatre, and many great restaurants. Less than a mile away from Vermont/Santa Monica Metro station. Many options are possible on this 9,035 sq. ft. lot (R3-1XL TOC 2 zoning). By right, there is an option to build 11 units with more units with TOC bonuses or to build up to 8 ADUs as well. Another available option is creating an ED1 project with the possibility of up to 40 units. Also, this great layout for a small lot project to build condos as well.
Great investment or development opportunity in Hollywood! This duplex is on a large 6752 sqft lot zoned LARD1.5 that is ideal for remodeling, adding on, or for redevelopment with 4 or more units with the TOC (Transit Oriented Community) overlay. The duplex features two side by side 2 bedroom units with historic charm and character. Hardwood floors throughout with a wood burning fireplace. Gated property with two separate garages and an additional carport for 2 cars. Ideally located, close to the Metro, Kaiser Hospital, Children's Hospital, LA Community College, and trendy Los Feliz shops and restaurants.
Great investment or development opportunity in Hollywood! This duplex is on a large 6752 sqft lot zoned LARD1.5 that is ideal for remodeling, adding on, or for redevelopment with 4 or more units with the TOC (Transit Oriented Community) overlay. The duplex features two side by side 2 bedroom units with historic charm and character. Hardwood floors throughout with a wood burning fireplace. Gated property with two separate garages and an additional carport for 2 cars. Ideally located, close to the Metro, Kaiser Hospital, Children's Hospital, LA Community College, and trendy Los Feliz shops and restaurants.
Property Listing: Exceptional French Normandie Triplex in East Hollywood Welcome to an exquisite triplex masterpiece located at 867 N Alexandria Avenue, Los Angeles, CA 90029. This remarkable property features three separate two-story homes, each offering two spacious bedrooms and one and a half bathrooms, designed for both comfort and functionality. Highlights of this stunning triplex include: • Elegant Interiors: Each unit boasts a blend of hardwood floors, carpet, tile, and stone finishes, creating a sophisticated living environment. • Independent Utilities: Each home is equipped with its own gas and electric meters, ensuring privacy and convenience for residents. • Basement Access: The triplex features a well-maintained basement showcasing upgraded copper plumbing, a raised and reinforced foundation, and ample bonus storage space. • Ample Parking: The property includes a fully paved driveway with multiple covered parking spaces, along with a detached two-car garage. • On-site Laundry: Convenient laundry facilities for all three units are located in the garage. Situated in a prime location, this triplex offers easy access to major freeways and is nestled within a vibrant community filled with local amenities. Don’t miss this opportunity to own a versatile investment property in one of Los Angeles’ most desirable neighborhoods. Schedule your private tour today and make this exceptional triplex your own!
Attention all investors, here is a great investment opportunity in East Hollywood and Silver Lake adjacent. Great duplex with tons of potential, sitting on a 6,000 square feet lot, each unit has 2 bedrooms and 1 bath. Zoned LAR2. Great price for this location, this property is close to all public transportation including Metro Red Line, LACC, restaurants and hospitals. Within walking distance to restaurants, bars and coffee shops on trendy Silver Lake/ Sunset area. Don't let this one pass you by, this one has unlimited potential. SOLD AS IS IN IT'S CURRENT CONDITION .
This oversized single lot in Hollywood could be the perfect site for your new multifamily development project. Whether you aim to deploy a more conventional methodology of design and density calculation or take advantage of certain timely legislation for creating affordable housing, the location and zoning will support a wide range of site utilizations. The property is walking distance (about six blocks) from the Vermont/Santa Monica Metro Station and will provide income while you plan your project. The property is situated in the vibrant East Hollywood area of Los Angeles and is just one block away from Normandie Ave. and Santa Monica Blvd. This provides easy access to DTLA, the 101 Freeway, and public transportation. The neighborhood is known for its tree lined streets. Los Angeles City College, Barnsdall Art Park, and several large hospitals are nearby, adding to the location’s appeal. The property consists of four units, with the front unit having two bedrooms and one bathroom, and the other three units each having one bedroom and one bathroom. With long-term, good paying tenants already in place, it presents a solid covered land opportunity. The property’s proximity to key amenities and zoning make it an excellent candidate for current and/or future development.
Opportunity Knocks! Melrose Hill! PRIME DEVELOPMENT OPPORTUNITY! The property will be delivered Vacant! Developers and end-users unlock the potential of this well-maintained duplex in East Hollywood - Melrose Hill. Explore options, Buyer to verify: Develop units or nine townhomes or live in one unit and rent out the other. Nestled in the historical Melrose Hill, it's a hot spot for new construction. Proximity to Melrose Blvd, Paramount Studios, and more ensures high demand. Join the wave of growth in LA's dynamic heart your canvas awaits! Units will be delivered vacant. The Main house has laundry. Back unit: No laundry. Ample Parking. The main house has a small garage-type storage in front of the home near the yard.
1159 N Virgil Ave, a well-positioned quadruplex located in the highly desirable Virgil Village neighborhood of Los Angeles, adjacent to Silver Lake & Los Feliz. Built in 1924, this property offers a mix of four large 1-bedroom/1-bath units, each averaging 864 square feet. Spanning 3,456 square feet in total, the property sits on a large 0.15-acre lot, providing significant potential for the construction of (4) four detached additional dwelling units (ADUs), subject to buyer verification.The property has undergone key upgrades, including a complete re-piping to copper plumbing in 2023, and a new roof installation in the same year. Additionally, each unit has its own washer/dryer hookups, and four new water heaters were installed in 2024, two of them being tankless. With two units currently vacant and fully remodeled, there is an immediate opportunity to owner-occupy or re-lease at market rents, further increasing the income potential. There is also currently room for four uncovered parking spaces in the back of the lot off of the alley.Located just blocks away from the popular Erewhon Market and the trendy coffee shops and restaurants of Silver Lake, 1159 N Virgil Ave offers residents an ideal blend of urban vibrancy and neighborhood charm. The property's proximity to East Hollywood, boutique shops, and a thriving dining scene makes it a prime choice for investors seeking a foothold in one of Los Angeles' most in-demand rental markets.
1159 N Virgil Ave, a well-positioned quadruplex located in the highly desirable Virgil Village neighborhood of Los Angeles, adjacent to Silver Lake & Los Feliz. Built in 1924, this property offers a mix of four large 1-bedroom/1-bath units, each averaging 864 square feet. Spanning 3,456 square feet in total, the property sits on a large 0.15-acre lot, providing significant potential for the construction of (4) four detached additional dwelling units (ADUs), subject to buyer verification.The property has undergone key upgrades, including a complete re-piping to copper plumbing in 2023, and a new roof installation in the same year. Additionally, each unit has its own washer/dryer hookups, and four new water heaters were installed in 2024, two of them being tankless. With two units currently vacant and fully remodeled, there is an immediate opportunity to owner-occupy or re-lease at market rents, further increasing the income potential. There is also currently room for four uncovered parking spaces in the back of the lot off of the alley.Located just blocks away from the popular Erewhon Market and the trendy coffee shops and restaurants of Silver Lake, 1159 N Virgil Ave offers residents an ideal blend of urban vibrancy and neighborhood charm. The property's proximity to East Hollywood, boutique shops, and a thriving dining scene makes it a prime choice for investors seeking a foothold in one of Los Angeles' most in-demand rental markets.
This East Hollywood quadruplex is located in the highly desirable Melrose Hill area of Hollywood, recently rated as one of the coolest neighborhoods in the world. Walking distance to Lemon Grove Park, and close to all the studios, trendy restaurants, coffee shops and entertainment Hollywood has to offer. There are three one bedroom/one bathroom units, one of which has been entirely remodeled. There is a two bedroom/two bathroom unit, which has also been remodeled recently. This is a great opportunity for an investor or owner-occupied investor. This fourplex is in an area that is clearly moving up in value, with many brand-new apartments being constructed around this one, and we have priced it at the price of a 3-unit property!!! This is the best deal you will find in LA! East Hollywood has been in a resurgence, which makes it a great opportunity to own a property now before the prices become unattainable. The property has a recently added laundry area, and three of the units have tankless water heaters. The foundation has been bolted, along with many other upgrades, with permits. The property has been well maintained and has great upside in a great rental area.
This East Hollywood quadruplex is located in the highly desirable Melrose Hill area of Hollywood, recently rated as one of the coolest neighborhoods in the world. Walking distance to Lemon Grove Park, and close to all the studios, trendy restaurants, coffee shops and entertainment Hollywood has to offer. There are three one bedroom/one bathroom units, one of which has been entirely remodeled. There is a two bedroom/two bathroom unit, which has also been remodeled recently. This is a great opportunity for an investor or owner-occupied investor. This fourplex is in an area that is clearly moving up in value, with many brand-new apartments being constructed around this one, and we have priced it at the price of a 3-unit property!!! This is the best deal you will find in LA! East Hollywood has been in a resurgence, which makes it a great opportunity to own a property now before the prices become unattainable. The property has a recently added laundry area, and three of the units have tankless water heaters. The foundation has been bolted, along with many other upgrades, with permits. The property has been well maintained and has great upside in a great rental area.
Duplex w/ Additional Unpermitted Units on Quiet Cul-De-Sac. Title shows 3 Bed / 2 Bath vs. actual existing 6 Bed / 4 Bath. Front Unit consists of 3 Bed/1 Bath. Laundry on premises. Open patio. Open parking spaces in front of building. Centrally located to public transport, hospitals, freeway & LA City College. Great opportunity for an investor or owner/user. Property may possibly be delivered vacant or w/ tenants & is being sold "AS-IS". Please call for further details.
Welcome to this BEAUTIFUL TURN-KEY 4-PLEX in the heart of SILVERLAKE! This French Normandy building is being sold with 3 FULLY-REMODELED and VACANT units! Located in one of the most PREMIUM RENTAL MARKETS in LA, this charming 1920s 4-PLEX sits a stones-throw away from coffee shops like INTELLEGENCIA, LA COLOMBE and CAFE STELLA as well as major grocery stores like EREWHON, WHOLE FOODS and TRADER JOES. Everything is within walking distance. This is a SECOND-TO-NONE building nested at the exact INTERSECTION OF SILVERLAKE, LOS FELIZ AND EAST HOLLYWOOD, just two blocks away from SUNSET JUNCTION. Take a stroll at Golden Hour over to your favorite restaurant, or grab some ice cream at SALT 'n STRAW. NO DRIVING NECESSARY. Rental Demand is EXTREMELY HIGH, with major employers like NETFLIX, KAISER and several MAJOR STUDIOS just minutes away. This building is IN COMPLIANCE with all earthquake structural requirements as part of the City of Los Angeles ordinances. The roof is less than a decade old and has been inspected. ALL UNITS have SEPARATE METERS for gas and electrical. Three out of four units have been TASTEFULLY UPGRADED with NEW KITCHENS, FLOORING and ELECTRICAL PANELS. All plumbing is a combination of COOPER and PVC. The building has been diligently maintained and has LAUNDRY ON-SITE. Minimal upkeep and maintenance make this an unparalleled CASH COW for NEW-OWNERSHIP. There are not too many buildings in this area with as much PRIDE OF OWNERSHIP and immediate CASHFLOW POTENTIAL. Come see this WONDERFUL OPPORTUNITY before its gone!
GREAT INVESTMENT OPPORTUNITY! This REO multifamily is located in the East Hollywood neighborhood of Los Angeles. The property has renovated furnished units while being walking distance from the Metro Line across from LA City College. There is also easy 101 Freeway access for travel. Originally built in 1921 as a 4-unit multi-family structure, the building has undergone renovations (without city permits) that added 4 additional units, bringing the total to 8 units. The two original ground floor units have been converted into four units, while the covered garage spaces have been converted into two units. The renovated units are a mixture of (2) studio, (2) 1 bedroom + den, and (4) 2 bedroom units. 75% of the units are furnished and vacant, ready for a new owner to come and work their magic.
This versatile duplex, located on a generous 6,750 sq. ft. lot, offers an exceptional opportunity in the heart of Los Feliz. Positioned between the vibrant Sunset/Vermont and Santa Monica Metro stations and adjacent to Barnsdall Park, the property consists of two spacious units, each featuring two bedrooms, one bathroom, and large public rooms. One of the two mirror floor plan units will be delivered vacant at or before the close of escrow, making this property appealing to both owner-users and developers. Its clean and symmetrical layout, along with a well-maintained structure, offers various possibilities. The spacious two-car garage, currently used for storage, also presents an opportunity for added value through repurposing. The driveway accommodates three cars with tandem parking. There is the potential to add an additional bedroom, with bath, through renovation of the existing space in each unit. Whether for personal residence or development, this property offers the potential to build up to nine units or enjoy as-is in a highly sought-after sub-market with limited inventory and high demand. Recent upgrades and repairs make this property move-in ready and ensure lasting value. Unit 1143 has seen a variety of enhancements including kitchen , and bathroom faucet replacements, and electrical upgrades such as new light switches, outlets, and additional bedroom outlets. The unit features recent appliance upgrades, with a new dishwasher, dryer, washer, and garbage disposal installed between 2021 and 2024. Additionally, the A/C was replaced in 2013, with a new circuit board and blower fan motor added in 2023 and 2024, respectively. Various ceiling and wall repairs have also been completed for added comfort and durability. Unit 1145 has similarly benefited from electrical updates, including new outlets, switches, and ceiling sheetrock. Appliances such as the refrigerator, oven, and stove vent were replaced in 2021, while the hot water heater was replaced in 2021 and again in 2023. The A/C was upgraded in 2015, and the bathroom faucet has been updated as well. The unit also boasts new patio bricks in the private spacious backyard garden area. The property's exterior has been well cared for, and new roofing was installed on both the main house and garage (excluding front terracotta tiles) in 2023. Additional exterior improvements include a divided backyard fence, new retaining wall, landscaping, and a divided garage with added lighting, outlets, and a side door. A sewer line clean out with new access has also been installed for improved functionality. This rare find, in a prime location, is poised to meet the needs of any homeowner or investor. Unit 1145 may be shown with 24HR notice.
SEE MARKETING PACKAGE IN DOCS SECTION. The Highlight Group of Equity Union as the exclusive listing agent is pleased to present the rare opportunity to acquire 1118-1120 Sanborn Ave. a five (5) unit residential property consisting of one freestanding single-family home, originally built prior to 1920 and substantially rebuilt in 1980 and two duplexes built in the 1920s. The property is located one parcel north of Sunset Blvd and steps away from Sunset Junction, in the heart of the upscale Silver Lake neighborhood of Los Angeles. The unparalleled location and free-standing single family home makes the property a great fit for both an investor or an owner-occupier. 2bed+2bath House: The approximately 1,250 square foot single -story house is freestanding at the rear of the lot and features an open entryway that leads into a living area and a large open kitchen that is complete with a bar stool countertop area for entertaining. Most of the flooring is bamboo with also some large knotty pine plank flooring in select areas. The bedrooms are very large and there is a full master bath and second full bath in the common area. The master bedroom also features a large private patio accessible through a sliding glass door that has just been fully rebuilt. A full-sized laundry room also sits next to the kitchen for convenience. A gray shingle roof was installed in 2014. The electrical panel and electrical service to the house was just upgraded as well. Large Outdoor Patio: Both the kitchen and common area of the house open to a large outdoor patio that has just been fully rebuilt and is perfect for entertaining. The patio area is large enough that it may present an opportunity to replace it with additional living square footage or a separate ADU unit with its own entrance. Buyers will need to do their own due diligence to see if these expansion/ADU opportunities are viable. Duplex Upper Units: The two upstairs 1bed+1bath units each feature a large front porch and patio area for tenants to utilize as additional space. These units also feature an additional room off the back of the kitchen that can be used as an office. Unit 1120 (upper left duplex unit when facing the property) has been renovated with a modern kitchen, a stacked washer/dryer and a modern bathroom, both with dimmable LED lighting. This unit also features the original Douglas Fir floors in the living area and brand-new windows. Unit 1118 1/2 (upper right duplex unit when facing the property)has not been modernly renovated but is still in good condition. It has a classic claw foot bathtub adding significant charm. This unit also features a storage building next to the street level patio. Duplex Lower Units: The two downstairs 1bed+1bath units each feature very large private rear outdoor patios/wood decks that can be accessed from the kitchens and both decks were just fully rebuilt. These units also feature an additional room off the back of the kitchen that feels like an open atrium. Unit 1120 (lower left duplex unit when facing the property) has been improved over time and has a very "Silver Lake" feel to it. There is room in the kitchen to add a stackable washer/dryer similarly to what was done in Unit 1120 1/2 upstairs. Unit 1118 (lower right duplex unit when facing the property) has the most unique feel of all the duplex units. Crown molding is abundant, and the entire unit features the original Douglass Fir wood flooring. The kitchen has been opened to the main living area in this unit and has been updated to a modern style but still features the original stainless countertop with glass cabinet on top. The bathroom is modern but has kept the claw foot bathtub. This unit features a separate laundry room in the back of the kitchen that also provides access to the back patio.
Renovated Duplex fully leased at $6,600 Monthly rent. Possible Apts. Development project Market Rate Project: 16 units includes 2 Affordable. 4 story Building with1 level Subterranean parking 100% Affordable: ED1 Project; 28 units of Singles & 1 bedrooms with No Parking requirement.
Renovated Duplex fully leased at $6,600 Monthly rent. Possible Apts. Development project Market Rate Project: 16 units includes 2 Affordable. 4 story Building with1 level Subterranean parking 100% Affordable: ED1 Project; 28 units of Singles & 1 bedrooms with No Parking requirement.
IT'S TIME...to take ownership of this terrific 4-unit investment property (single free-standing home + 3 units; 6 BR/4 bath total). IT'S TIME...for an actual non-fictional, no-hype, priced-to-sell, Silver Lake/Virgil Village adjacent, income producing property to hit the market. IT'S TIME...for an owner/user, investor OR experienced real estate guru to find a smooth opportunity in a neighborhood engaged with new development and exciting energy. IT'S TIME...for said owner/user OR guru to receive this investment property with two of the four units VACANT and ready to rent. IT'S TIME...to never worry again about a late charge for returning books back to the library (?!!) - simply lob them over the fence to the beautiful next-door Cahuenga Branch Public Library (a designated Historic-Cultural Monument listed on the National Register of Historic Places). IT'S TIME...for a (buyer) broker to work with another experienced (listing) broker where BOTH can enjoy the professional camaraderie of buying & selling real estate. IT'S TIME...for Fall, cooler weather, and a little elbow-grease + love to make this hard-to-find property your own piece of LA.
Uncover Your Ideal Home or Investment Opportunity in HollywoodUnlock the potential of this beautifully updated Multi-Unit property, perfectly situated in the vibrant heart of Hollywood. Just steps away from premier shopping, theaters, and the iconic Hollywood Blvd, and Griffith Observatory this property offers unmatched convenience and an enviable urban lifestyle.Main House: This charming 2-bedroom, 1-bath residence features a newly remodeled kitchen and an upgraded bathroom with a luxurious glass-tile shower and separate tub and upgraded floors.Enjoy the warmth of a classic fireplace, along with modern updates including new windows, fresh interior and exterior paint, and a practical laundry room. The versatile bonus room provides additional space for personal use or creative projects.Additional Units:The property includes a detached 1-bedroom, 1-bath house with its own kitchen, ideal for generating rental income or accommodating guests. Additionally, a separate recreational room offers extra space for leisure activities or hobbies, adding further value.Outdoor Space:The expansive yard is a serene retreat, highlighted by a variety of fruit trees including mango, avocado, lime, and orange, enhancing both aesthetic appeal and functionality. The property is securely gated with wrought iron fencing, ensuring privacy and charm.This Hollywood gem seamlessly blends modern amenities with a prime location and lush outdoor space. Whether you're seeking a new home or a strategic investment, this property offers a rare combination of features and potential. Don't miss out--schedule your tour today!
We are pleased to present the opportunity to acquire a fixer 6 unit apartment building in East Hollywood! 4 of the 6 units will be delivered VACANT and present the ideal situation for a buyer to remodel and renovate the vacant units right away! The building consists of 2 structures--the front building consists of 5 units and the back building consists of 1 unit. ALL the units are in a heavy fixer condition. There are also 4 detached garages in the back lot, which can be converted to one or more ADUs. The spacious +/- 7,895 sq. ft. lot. also presents the opportunity to build additional ADUs on the lot. Upon renovating and repositioning the units, the buyer can realize annual rental income of at least $175,200. Located in an Opportunity Zone, the building could provide potential tax benefits for a buyer! The buyer also has the option to revise the unit interior floor plans to maximize revenue. Given the building's central location in the bustling rental Hollywood rental market and close to Virgil Village, Melrose Hill, and the numerous establishments across Santa Monica Blvd., this is a value-add investment not to be missed!
Vintage Charm in this Meticulously Detailed 1920's Craftsman Home with all the Modern Conveniences including a Backhouse that can be used as an Additionall Income Property or the Perfect Bungalow for family members, near Sunset Center, Echo Park, Silverlake with views of The Observatory & The Hollywood Sign! The Detached Garage would make a perfect Jr ADU (with city approval). Classic Hardwood Floors and Stunning Millwork showcase the abundance of Windows that bring in so much Natural Light! The Front house boasts a gorgeous Soaring Ceilings, Skylights and a Loft. Gourmet Chef's will love the amenities in this kitchen. The New Kitchen has a New 6 Burner Gas Range, New LG Refrigerator, New LG Stainless Steel Dishwasher, New ThinQ LG Tower Washer/Dryer! The Custom Cabinetry features Glass Pulls, Glass Doors and lighting to display those special pieces. The Ceramic Apron Sink includes a Work Station to make chopping a joy. Under Cabinet Lighting enhances the Subway Tile Backsplash and Quartz Countertops. Over Cabinet Lighting amplify the beauty of the Wood Ceilings! The New Spiral Staircase to the Spacious Loft, and 3rd private Bathroom. Original Transom Windows contribute to the character and charm. 200 Amp Electric and Too Many Updates to Mention them All! A Must See! EZ2c!
Charming duplex, perfectly situated in the vibrant heart of Hollywood. With its unbeatable location, you’ll have easy access to the freeway and be just moments away from the city’s most iconic entertainment and cultural hotspots. This spacious duplex boasts 4 bedrooms and 2 bathrooms. Set on a generous 7,500+ sqft lot, the property features a fenced yard, ideal for relaxing or entertaining in privacy. Whether you’re drawn to the exciting lifestyle of Hollywood or seeking a serene retreat with ample outdoor space, this duplex is the perfect blend of urban vibrancy and homey tranquility. Don’t miss out on this exceptional opportunity!
Discover the ultimate in Hollywood living with this stunning triplex, nestled in the heart of one of LA’s most iconic neighborhoods. Spanning over 2,300 sq ft, this spacious property offers five bedrooms, perfect for families or those seeking extra space. With its beautiful stone exterior and fully fenced in driveway, the triplex exudes both charm and security, providing a private oasis amidst the vibrant cityscape. Enjoy the convenience of being close to major freeways and world-renowned entertainment venues, making commuting and exploring the best of Hollywood effortless. Whether you’re relaxing at home or diving into the dynamic local scene, this Hollywood gem offers a blend of comfort, style, and prime location that’s hard to beat. Don’t miss your chance to experience the best of urban living in one of LA’s most sought-after areas.
Six Units Built in 1981 & Totally Renovated in 2024! Offered 100% Turnkey, Rented w/ All New Leases & RUBS Program in Place Not subject to LA County RSO We are excited to present The Melrose Villas, a fully turnkey 6-unit multi-family property located in the heart of Virgil Village, one of Los Angeles' most vibrant and sought-after neighborhoods. With a Walk Score of 91, this prime location is just steps away from popular local hotspots such as Courage Bagels, Sqirl, Voodoo Vin, Melody, Alma's Cider and Beer, and many more. Nearby neighborhoods like Los Feliz, Echo Park, and Silverlake also offer an array of dining destinations including Pine and Crane, 33 Taps, Night + Market Song, All Day Baby, Intelligentsia, and Daybird. The Melrose Villas offers a unique opportunity for savvy investors to acquire a fully stabilized, income-generating multi-family property in an exceptionally desirable rental market, with significant rental growth projected over the next decade. The six fully renovated units are move-in ready and feature top-tier finishes, including stainless steel GE appliances, marble-inspired quartz countertops in kitchens and bathrooms, custom cabinetry with under-cabinet lighting, herringbone ceramic tile backsplashes, white oak-style flooring, recessed lighting, in-unit stackable washer/dryers, new windows and doors, HVAC systems, and much more. In addition, the sale includes approved plans and permits for two side-by-side ADU units to be built at the rear of the property with the option to build only one or both ADU's. One ADU will be a 3-bedroom, 2-bath unit spanning over 1,100 square feet, projected to rent for $3,800 per month. The second will be a 2-bedroom, 2-bath unit just under 800 square feet, estimated to rent for $3,200 per month. Built in 1981, The Melrose Villas is only subject to AB 1482, allowing for annual rent increases of up to 8.9%. The existing six units are poised to deliver a solid return on investment through robust rent growth over time, with even more income potential if the new owner chooses to build the approved ADUs. Located at 4071 Melrose, on a generous 7,108 square foot RD 1.5-zoned lot, this property offers an excellent opportunity to acquire a completely renovated and leased 6-unit property with strong in-place income, plus RTI plans for two additional units in one of Los Angeles' most desirable rental markets.
The median home value in Los Angeles, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Los Angeles, CA is $912,500. Approximately 33.96% of Los Angeles homes are owned, compared to 58.13% rented, while 7.92% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Los Angeles real estate agent to arrange a tour today!
Los Angeles, California 90029 has a population of 3,902,440. Los Angeles 90029 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California 90029 is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles 90029 is 36.2 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.