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4867 Melrose Ave

  • $1,695,000

4867 Melrose Ave, Los Angeles, California

Overview

  • Multi-Family Property (2-4 Units)
  • Property Type
  • $1,695,000
  • List Price
  • 9
  • Bedrooms
  • 3
  • Bathrooms
  • 1913
  • Year Built
  • 2110
  • Living Area sqft.
  • Address 4867 Melrose Ave
  • City Los Angeles
  • Zip/Postal Code 90029
  • Area Hollywood
  • Country United States

Description

RARE AND UNIQUE opportunity in the heart of Hollywood, California on the famous Melrose Avenue! Location, Location, Location!
Price just reduced, motivated seller!
Enjoy a bright and airy floor plan in this Craftsman style home gleaming with old world charm.  The property is a gated duplex zoned “Mixed-Use” with separate utilities for upstairs and for downstairs.  There is a staircase inside and outside the house which connects the upstairs and downstairs floors allowing it to be used as a single family home or duplex.  There are 9 gated parking spaces on the property which is a rare find in Hollywood.  Property was previously rented on Airbnb with an income of $250,000+ per year.  Seller will not make any repairs. The property is sold in AS IS condition.
The existing property structure has a safety violation from the LADBS (Los Angeles Department of Building and Safety) which has turned into a lien.  Buyer to verify all information and must do their own due diligence.   The property is being sold AS-IS.
Send offers to:  [email protected]

Details

Updated on September 16, 2021 at 5:18 pm
  • Price: $1,695,000
  • Bedrooms: 9
  • Bathrooms: 3
  • Year Built: 1913
  • Property Type: Multi-Family Property (2-4 Units)
  • Property Status: Pending
  • Lockbox on Property: No
  • Syndicate My Listing: Yes
  • Cross Street: Melrose Ave and Western Ave
  • Lock Box Type: Seller Providing Access
  • Name of Your Neighborhood: Hollywood
  • Land Lease: No
  • Living Area sqft.: 2110
  • Senior Community: No
  • Is There an HOA: No
  • Lease Considered: No
  • Stories Total: 2
  • Entry Level: Entrance is on the first floor on the home.
  • Number of Units on Property: 9
  • Levels: Two
  • Buyer Agent Compensation: 1.5
  • Age Restriction: No
  • Short Sale: No
  • Property Sub Type: loft Commercial, Duplex
  • Assessments: None
  • Financing Terms: Cash, Conventional, FHA, VA Loan, 1031 Exchange
  • Number of Half Bathrooms: 1
  • Interior Features: Balcony, Partially Furnished
  • Appliances: None
  • Heating: Central
  • Kitchen Features: Granite Counters
  • Total Number of Parking Spaces: 9
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Electric: None
  • Spa Features: None
  • Patio and Porch Features: Front Porch
  • Road Frontage Type: City Street
  • Foundation Details: None
  • Property Condition: Fixer
  • Other Structures: None
  • Directions to Property: Exit Melrose Ave from 101 freeway and property is 1 mile from exit.
  • Lock Box Type: Seller Providing Access
  • Sign on Property: No
  • Uncovered Spaces: 7
  • Carport Spaces: 2
  • Cooling: None
  • Laundry: Dryer Included, Stackable, Washer Included
  • Room Types: Basement
  • Fireplace: Family Room
  • Pool Features: None
  • Common Walls: No Common Walls
  • View: Neighborhood
  • Lot Features: Value In Land
  • Community Features: Biking, Hiking, Park, Sidewalks, Street Lights, Urban
  • Water Source: Public
  • Sewer Type: Public Sewer
  • Main Level Bedrooms: 5
  • Main Level Bathrooms: 2
  • Attached Garage: No
  • Fencing: Gate
  • Property Restrictions: None Known
  • Roof: Common Roof
  • Sales Restrictions : None Known
  • Listing Terms: Cash

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