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4541 Melbourne AVE
4541 Melbourne AVE
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4541 Melbourne AVE
4541 Melbourne AVE
Sold

4541 Melbourne AVE

4541 Melbourne AVE, LOS FELIZ, CA 90027

$1,215,000
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 This appears to be outdated, however, and is currently a total of 5 bedrooms and 3 1/2 baths.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.

6
beds

4
baths

2,804 Sq.Ft. LIVING AREA

6,750 Sq.Ft. lot

Seller Payment to Buyer's Broker: Upon presentation of C.A.R. Form SPBB, Seller agrees to pay Buyer's Broker 2.5% of the purchase price out of the transaction proceeds under the terms defined in said form.

Notice: The amount or rate of real estate commissions is not fixed by law. They are set by each Broker individually and may be negotiable between Seller and Broker (real estate commissions include all compensation and fees to Broker.

Property Images

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Features & Amenities

Interior

  • total bedrooms6
  • Total bathrooms4
  • full bathrooms3
  • half bathroom1
  • Laundry room Inside
  • Fireplace None
  • APPLIANCES Inside

Area & Lot

  • Status Sold
  • Sold Date August 29, 2024
  • Living Area2,804 Sq.Ft.
  • Lot Area6,750 Sq.Ft.
  • MLS® IDBB24155276MR
  • TypeMulti-Family
  • YEAR BUILT1922
  • NeighborhoodLos Angeles
  • School DistrictLos Angeles Unified

Exterior

  • STORIES2
  • Garage Space1.0
  • water SourcePublic
  • PoolNone
  • HEAT TYPEFloor Furnace
  • AIR CONDITIONINGNone
  • sewerPublic Sewer

Financial

  • Sales Price$1,215,000
  • Zoning LAR2

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