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Listed by Robert Sillman, DRE #02145409 • Robert Sillman
$ 2,100,000
Est. payment /mo
Active
4071 Melrose Ave Los Angeles, CA 90029
7,110 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26224115
Year Built 1981
Lot Size 7,110 Sqft
Source California Regional MLS
Property Description
6.11% Cap Rate | 11.01 GRM | Exempt from LA City Rent Control. Built in 1981 and fully renovated in 2024, 4071 Melrose Avenue is subject to California AB 1482 rent increases (5% + CPI) and located in East Hollywood/Virgil Village near Silver Lake. The existing unit mix consists of (5) 1-bed/1-bath units and (1) 2-bed/1-bath unit, featuring interior renovations with in-unit washer/dryers, mini-split HVAC, white oak flooring, custom cabinetry, and GE appliances. Additional features include new exterior stucco, paint, fencing, individual water heaters, and a Ratio Utility Billing System (RUBS). Situated on a 7,110 sq ft lot with up to 10 parking spaces, the property includes plans for two and four ADUs (1,141 sq ft 3B/2B and 716 sq ft 2B/2B) in the rear parking lot. The property also benefits from well-maintained major systems, including roof, plumbing, and electrical.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Cooling Other, Window / Wall Unit
Laundry Other, Stacked Only
Exterior
Parking Features Assigned Spaces
Garage Spaces 10.0
Pool None
Building
Water District - Public
Others
Tax ID 5539020032
Special Listing Condition Not Applicable
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