4760 Melrose Ave Los Angeles, CA 90029

$500,000 Sold Price as of 11/21/2014

-- Beds
-- Baths
6,962 Sq.Ft.

Off Market

$500,000 Sold Price as of 11/21/2014 Refinance Your Mortgage

Map preview of 4760 Melrose Ave, Los Angeles, CA 90029

Property Overview: 4760 Melrose Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 6,962 living square feet and 9,992 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

4760 Melrose Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,209,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $241,800 for the down payment and will need roughly $24,180 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 4760 Melrose Ave

Last sold for $500,000 on November 21st, 2014

March, 2018
Mar 1, 2018

Date

Expired

CRMLS: 17288246

$2,995,000

Price
Feb 13, 2018

Date

Withdrawn

CRMLS: 17288246

$2,995,000

Price
Feb 8, 2018

Date

Active

CRMLS: 17288246

$2,995,000

Price
Jan 30, 2018

Date

Hold

CRMLS: 17288246

$2,995,000

Price
Jan 26, 2018

Date

Active

CRMLS: 17288246

$2,995,000

Price
Jan 17, 2018

Date

Hold

CRMLS: 17288246

$2,995,000

Price
Jan 15, 2018

Date

Active

CRMLS: 17288246

$2,995,000

Price
Jan 5, 2018

Date

Hold

CRMLS: 17288246

$2,995,000

Price
Nov 9, 2017

Date

Active

CRMLS: 17288246

$2,995,000

Price
Listing provided courtesy of CRMLS

***4760-4766 Melrose Ave...2 adjacent properties included***The Melrose Development Site is a fully entitled development opportunity that will be delivered permit ready (RTI) to a buyer.In addition, the existing structures are both vacant. Situated on two lots of approximately 10,000 square feet zoned C2-1 with 100 feet of frontage on Melrose Avenue, the property is in a very high visibility location for leasing. The current plans are for afive-story structure consisting of three levels of apartments over a level of above grade parking, which is situated over the on grade level of parking that also contains the lobby and the retail store. All of the apartments are two level loft units. All units have private patios or balconies and all have impressive head-on views of the Hollywood hills, the Hollywood sign, Griffith Observatory, or views of downtown Los Angeles and Koreatown skyline. The plans call for 30 parking spaces of which 2 are dedicated to the 875-square foot retail store.

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November, 2017
Nov 16, 2017

Date

Expired

CRMLS: 16186966

$2,700,000

Price
Nov 8, 2017

Date

Withdrawn

CRMLS: 16186966

$2,700,000

Price
Mar 28, 2017

Date

Active

CRMLS: 16186966

$2,700,000

Price
Mar 8, 2017

Date

Withdrawn

CRMLS: 16186966

$2,700,000

Price
Dec 15, 2016

Date

Active

CRMLS: 16186966

$2,700,000

Price
Listing provided courtesy of CRMLS

It is a 33 Unit Apartment project fully entitled and shovel ready, with a small 875 square feet ground floor retail component. This Project has no subterranean parking, 17 spaces at grade and 18 spaces at mezzanine level. The mezzanine spaces are contained within a Type 1 concrete box. The micro units average 375 square feet with potential of a 90 ft sleeping loft. The units feature soaring 15 + foot ceilings, with commanding unobstructed views of the Hollywood Hills / Hollywood Observatory, Downtown LA, and Koreatown Skyline. Micro units have a tremendous demand due to the continued housing shortage and soaring costs for large units. Micro units provide an attractive pricing point, enabling a developer to drive up the price per foot, on rent and create handsome yields. This project is by right with 75 ft height limit, zero setbacks, and very low income units.

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November, 2014
Nov 21, 2014

Date

Sold (Public Records)

Public Records

$500,000

Price
June, 2005
Jun 20, 2005

Date

Sold (Public Records)

Public Records

$630,000

Price

Tax History for 4760 Melrose Ave

Assessed Value (2020): $3,388,270

Year	Land Value	Improved Value	Assessed Value
2020	$3,329,280	$58,990	$3,388,270

About 4760 Melrose Ave

Detailed summary of property

4760 Melrose Ave is categorized with a use code of Commercial/Office/Residential (Mixed Use) in Los Angeles, CA 90029 and last sold on November 21, 2014 for $500,000. This property has -- bedrooms, -- bathrooms, roughly 6,962 living square feet, and sits on an approximately 9,992 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 55.36% lower than the current median priced home. 4760 Melrose Ave was last sold on November 21, 2014 for $500,000. Local nearby listings include 338 Hobart Pl, 401 N Serrano Ave #301 and 5326 Lemon Grove Ave. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 4760 Melrose Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4760 Melrose Ave

Public county record property details

Beds: --
Baths: --
Year built: 1963
Sq. Ft.: 6,962
Lot Size: 9,992
Stories: --

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1-3
APN: 5521-006-039

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,022,990

Median List Price/Sq.Ft.

$714

Median Sold Price

$672,500

Median Sold Price/Sq.Ft.

$724

Total Inventory

Median Sale to List Price %

105.24%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Call, Text or Message

(714) 706-1823

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