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Pending
4867 Melrose Ave, Los Angeles, California
Overview
- Multi-Family Property (2-4 Units)
- $1,695,000
- List Price
- 9
- 3
- 1913
- 2110
Address
Open on Google Maps- 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: sonapatelmd@gmail.com
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
- Lockbox 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 in Unit/Home: 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
- 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: Public Sewer
- Main Level Bedrooms: 5
- Main Level Bathrooms: 2
- Attached Garage: No
- Fencing: Gate
- Roof: Common Roof
- Sales Restrictions : None Known
- Kitchen Features: Granite Counters
- Uncovered Spaces: 7
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