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4071 Melrose Ave
Los Angeles, CA 90029

$2,750,000 USD

Apartments For Sale  •  4,024 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,024 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1981
  • Zoning LARD1.5
62 Transit Score
91 Walk Score

Highlights

Completely Gutted & Remodeled Six Unit Apartment Offering in Prime Virgil Village + RTI Plans for 2 ADUs - One 3+2 and one 2+2
91 Walk Score - Walk to Courage Bagels, Erewhon, Voodoo Vin, Sqirl, Alma's, Melody and Many More
100% Remodeled Units - GE Stainless Steel Appliances, Quartz Countertops, Recessed Lights, In-Unit Washer/Dryers
5% Cap Rate & 14 GRM on 6 Unit on In-Place Income - Prime Rental Pocket of Virgil Village
RTI ADU Plans Delivered with Permits Paid For - Buyer Can Start Construction Day 1 After Close -Future Annual Gross Over $292,000
Amazing Opportunity to Acquire Six Redone Units + RTI Plans for 2 More Units - Excellent Income Stream Now and In the Future

Amenities

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Stainless Steel Appliances

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 7 min - 4.1 mi
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 4.2 mi
Transit/SubwayDriveWalkDistance
Vermont/Santa Monica Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 11 min 0.6 mi
Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 12 min 0.7 mi
AirportDriveWalkDistance
Bob Hope 19 min - 11.4 mi
Los Angeles International 27 min - 15.5 mi
Long Beach (Daugherty Field) 35 min - 25.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: Yes
Dana Brody 818-212-2757 Marcus & Millichap
Dana Brody 818-212-2757 Marcus & Millichap