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Property Description

Exceptional Investment Opportunity in Los Feliz! On the market for the first time in over 70 years! Presenting a rare gem in the heart of one of Los Angeles most sought-after neighborhoods, this triplex in Los Feliz offers a unique canvas for savvy investors, contractors and developers. Situated on a spacious 6,750 square foot lot, this property represents an exceptional redevelopment opportunity to craft a modern masterpiece in a coveted locale. Property being sold *AS IS*. This property provides ample space for redevelopment. Zoned for LAR2, there are multiple potential configurations for this property. The existing structure, though in poor condition, offers a clean slate for your vision. This teardown opportunity allows for the creative freedom to design and build from the ground up, ensuring that every aspect of the new development meets modern standards, codes and investment potential. Buyer to consult with local authorities to explore the full range of possibilities this lot offers and verify all zoning information. This neighborhood s charm and demand make it an ideal location for a high-value development. The current configuration is two buildings, plus an unattached garage, on one lot. Each building has two levels. The front home is comprised of two units, one on the first floor and one on the second. The back building also has 2 levels and is on its own power meter. Title shows 6 bedrooms and 3 bathrooms total in the two structures. This appears to be outdated, however, and is currently a total of 5 bedrooms and 3 1/2 baths. (buyer to verify). Located in a prime location in the vibrant Los Feliz community, between Vermont and Hillhurst, this triplex enjoys proximity to trendy cafes, boutique shops, and renowned dining establishments. With its central location, this property is minutes away from Griffith Park, The Greek Theatre, Hollywood, The LA Zoo and everything the Los Feliz area has to offer. With its prime location and significant redevelopment potential, this triplex is poised to be the foundation of a standout investment.

Overview

Property Status
Sold
Date Sold
August 29, 2024
Lot Size
6,750 Sq.Ft.
MLS ID
BB24155276MR
Property Type
Multi-Family
Year Built
1922

Features & Amenities

Neighborhood
Los Angeles
Stories
2
Garage Spaces
1.0
Water Source
Public
Pool
None
Heat Type
Floor Furnace
Air Conditioning
None
Laundry Room
Inside
Fireplace
None
Appliances
Inside
Sewer
Public Sewer
School District
Los Angeles Unified
Sales Price
$1,215,000
Zoning
LAR2

Downloads

4541 Melbourne AVE

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

Thank you

for your interest in 4541 Melbourne AVE, LOS FELIZ, CA 90027

Property Description

Exceptional Investment Opportunity in Los Feliz! On the market for the first time in over 70 years! Presenting a rare gem in the heart of one of Los Angeles most sought-after neighborhoods, this triplex in Los Feliz offers a unique canvas for savvy investors, contractors and developers. Situated on a spacious 6,750 square foot lot, this property represents an exceptional redevelopment opportunity to craft a modern masterpiece in a coveted locale. Property being sold *AS IS*. This property provides ample space for redevelopment. Zoned for LAR2, there are multiple potential configurations for this property. The existing structure, though in poor condition, offers a clean slate for your vision. This teardown opportunity allows for the creative freedom to design and build from the ground up, ensuring that every aspect of the new development meets modern standards, codes and investment potential. Buyer to consult with local authorities to explore the full range of possibilities this lot offers and verify all zoning information. This neighborhood s charm and demand make it an ideal location for a high-value development. The current configuration is two buildings, plus an unattached garage, on one lot. Each building has two levels. The front home is comprised of two units, one on the first floor and one on the second. The back building also has 2 levels and is on its own power meter. Title shows 6 bedrooms and 3 bathrooms total in the two structures. This appears to be outdated, however, and is currently a total of 5 bedrooms and 3 1/2 baths. (buyer to verify). Located in a prime location in the vibrant Los Feliz community, between Vermont and Hillhurst, this triplex enjoys proximity to trendy cafes, boutique shops, and renowned dining establishments. With its central location, this property is minutes away from Griffith Park, The Greek Theatre, Hollywood, The LA Zoo and everything the Los Feliz area has to offer. With its prime location and significant redevelopment potential, this triplex is poised to be the foundation of a standout investment.

Overview

Property Status
Sold
Date Sold
August 29, 2024
Lot Size
6,750 Sq.Ft.
MLS ID
BB24155276MR
Property Type
Multi-Family
Year Built
1922

Features & Amenities

Neighborhood
Los Angeles
Stories
2
Garage Spaces
1.0
Water Source
Public
Pool
None
Heat Type
Floor Furnace
Air Conditioning
None
Laundry Room
Inside
Fireplace
None
Appliances
Inside
Sewer
Public Sewer
School District
Los Angeles Unified
Sales Price
$1,215,000
Zoning
LAR2

Downloads

4541 Melbourne AVE

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

Thank you

for your interest in 4541 Melbourne AVE, LOS FELIZ, CA 90027

4541 Melbourne AVE
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