4541 Melbourne Avenue Los Feliz, CA 90027
Listing Courtesy of: CRMLS / Better Homes And Gardens Real Estate Town Center / David Nixon

  4541 Melbourne Avenue Los Feliz, CA 90027

Sold (6 Days)
$1,215,000
6
BED
4
BATH
2,804
SQFT

Description

Exceptional Investment Opportunity in Los Feliz! On the market for the first time in over 70 years! Presenting a rare gem in the heart of one of Los Angeles’ most sought-after neighborhoods, this triplex in Los Feliz offers a unique canvas for savvy investors, contractors and developers. Situated on a spacious 6,750 square foot lot, this property represents an exceptional redevelopment opportunity to craft a modern masterpiece in a coveted locale. Property being sold *AS IS*.

This property provides ample space for redevelopment. Zoned for LAR2, there are multiple potential configurations for this property. The existing structure, though in poor condition, offers a clean slate for your vision. This teardown opportunity allows for the creative freedom to design and build from the ground up, ensuring that every aspect of the new development meets modern standards, codes and investment potential. Buyer to consult with local authorities to explore the full range of possibilities this lot offers and verify all zoning information. This neighborhood’s charm and demand make it an ideal location for a high-value development.

The current configuration is two buildings, plus an unattached garage, on one lot. Each building has two levels. The front home is comprised of two units, one on the first floor and one on the second. The back building also has 2 levels and is on its own power meter. Title shows 6 bedrooms and 3 bathrooms total in the two structures. This appears to be outdated, however, and is currently a total of 5 bedrooms and 3 1/2 baths. (buyer to verify).

Located in a prime location in the vibrant Los Feliz community, between Vermont and Hillhurst, this triplex enjoys proximity to trendy cafes, boutique shops, and renowned dining establishments. With its central location, this property is minutes away from Griffith Park, The Greek Theatre, Hollywood, The LA Zoo and everything the Los Feliz area has to offer.

With its prime location and significant redevelopment potential, this triplex is poised to be the foundation of a standout investment.

MLS #:
BB24155276
Lot Size
6,750 SQFT
Type
Multifamily
Year Built
1922
Views
Neighborhood
School District
Los Angeles Unified
County
Los Angeles County

Listed By

David Nixon, Better Homes And Gardens Real Estate Town Center
Bought with
Jonathan Mogharrabi, Carolwood Estates
Source
CRMLS
Last checked Apr 26 2025 at 6:53 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
  • Half Bathroom: 1
Interior Features
  • Laundry: Inside
  • Free-Standing Range
Lot Information
  • Front Yard
  • No Landscaping
  • Rectangular Lot
  • Sprinklers In Front
  • Tear Down
  • Value In Land
Property Features
  • Foundation: Raised
Heating and Cooling
  • Floor Furnace
Basement Information
  • Utility
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Stories
  • 2
Living Area
  • 2,804 sqft
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.