$2,100,000

Multi Family In Los Angeles

  • 3 Beds
  • 2 Baths
  • 7,109 Sqft lot
  • Updated: Today
  • Source:
    San Diego MLS  MLS#SB26224115

About the Property

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-spli
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.
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  • Property type

    Other

  • Floors

    2

Features

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4071 Melrose Ave, Los Angeles, California, United States View on Google Maps
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Robert Sillman - Manhattan Beach

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Robert Sillman - Manhattan Beach
California, United States
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Robert Sillman - Manhattan Beach
Manhattan Beach, California, United States
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Last updated
Today
First listed
October 26
Listing reference
SB26224115
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