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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

Amazing 6 Unit Mix: (5) 1-bed/1-bath & (1) 2-bed/1-bath
Fully Renovated & Leased in 2024
Built in 1981 - Not Subject to LA RSO | 5% + CPI Annual Rent Increases
Unit Renovations - stacked washer/dryers, mini-split HVAC systems, stainless steel GE appliances, white oak flooring & designer finishes
RTI Plans for 2 ADUs - (1) 1,141 sqft 3-bed/2-bath & (1) 716 sqft 2-bed/2-bath unit
After building the ADUs and factoring in construction costs, the property will operate at a 6.42% CAP as an 8-unit and 7.48% CAP as a 10-unit

Property Flyers

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
Robert Sillman 424-577-5011 Lyon Stahl Investment Real Estate
Robert Sillman 424-577-5011 Lyon Stahl Investment Real Estate