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4319 Melbourne Ave, Los Angeles, CA 90027
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4319 Melbourne Ave Los Angeles, CA 90027

$1,350,000
  • 3 Beds
  • 2 Baths
  • 1,750 Sq.Ft.
For Sale
$1,350,000 Get Pre-Qualified
Map preview of 4319 Melbourne Ave, Los Angeles, CA 90027

Property Overview: 4319 Melbourne Ave Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,750 living square feet and 6,752 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Exceptional investment opportunity: Two-unit property on large, flat R2 lot. This property offers unparalleled flexibility with separate structures ripe for renovation or redevelopment. Currently generating income with tenants in place. Seller prefers carryback financing. No plans or permits. Building #1 built in 1908, building #2 built in 1955.

Listed by Michelle Menna | BRE #01705488 | Keller Williams Larchmont
Last checked: 12 minutes ago | Last updated: July 29th, 2024 | Source CRMLS | DOM: 47

Home details

Lot Sq. Ft
6,752
HOA Dues
$0/mo
Year built
1908
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24420693
City
Los Angeles
County
Los Angeles
Time on Site
52 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,033
  • Total Rent: $2,033
  • Pro Forma/Market Rent: $2,033
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,460
  • Total Rent: $3,460
  • Pro Forma/Market Rent: $3,460
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $62,860
  • Gross Operating Income: $65,916
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 4319 Melbourne Ave

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Property Details for 4319 Melbourne Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5591024021
  • Year Built Source: Assessor
  • Architectural Style: Cottage
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Vermont or Hillhurst to Melbourne, 2 blocks south of Franklin, 2 blocks north of Prospect
View more facts & features

Local Los Angeles Agent

Sale History for 4319 Melbourne Ave

View property's historical transactions

  • July, 2024

  • Jul 28, 2024

    Date

    Active

    CRMLS: 24420693

    $1,350,000

    Price

Tax History for 4319 Melbourne Ave

Assessed Value (2020): $155,270
Year Land Value Improved Value Assessed Value
2020 $104,800 $50,470 $155,270

Home Value Compared to the Market

This property vs the competition

4319 Melbourne Ave is listed 12.5% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $771.43 per/sqft which puts the price per square foot 0.45% higher than the median price per square foot for the city of Los Angeles.

About 4319 Melbourne Ave

Detailed summary of property

4319 Melbourne Ave is a multi family located in Los Angeles, CA 90027 and is currently for sale. This multi family property offers 3 bedrooms, 2 bathrooms, roughly 1,750 living square feet, and sits on an approximately 6,752 square foot lot. 4319 Melbourne Ave was first listed on ArdentRealEstateGroup.com on July 29, 2024. The homeowner is currently asking $1,350,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 12.5% higher than the median priced home. Local competing homes currently for sale include 1116 N Madison Ave, 1726 N Alexandria Ave and 4919 Lexington Ave. While the average home in Los Angeles, CA is selling in 106 days, 4319 Melbourne Ave has a days on market of 47 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 4319 Melbourne Ave Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4319 Melbourne Ave

Public county record property details
Beds
3
Baths
2
Year built
1908
Sq. Ft.
1,750
Lot Size
6,749
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
90
APN
5591-024-021

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,488,000
Median List Price/Sq.Ft.
$943
Median Sold Price
$2,340,000
Median Sold Price/Sq.Ft.
$1,093
Total Inventory
81
Median Sale to List Price %
126.55%
Avg Days on Market
35
Loan Type
Conventional (14.29%), FHA (0%), VA (0%), Cash (7.14%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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