4770 Melrose Ave Los Angeles, CA 90029

$880,000 Sold Price as of 08/03/2017

-- Beds
-- Baths
3,436 Sq.Ft.

Off Market

$880,000 Sold Price as of 08/03/2017 Refinance Your Mortgage

Map preview of 4770 Melrose Ave, Los Angeles, CA 90029

Property Overview: 4770 Melrose Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 3,436 living square feet and 4,998 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

4770 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 4770 Melrose Ave

Last sold for $880,000 on August 3rd, 2017

August, 2017
Aug 3, 2017

Date

Sold

CRMLS: SR17139652

$880,000

Price
Jul 19, 2017

Date

Active Under Contract

CRMLS: SR17139652

$880,000

Price
Jul 6, 2017

Date

Price Change

CRMLS: SR17139652

$880,000

Price
Jun 21, 2017

Date

Active

CRMLS: SR17139652

$899,000

Price
Listing provided courtesy of CRMLS

Cash offers only! Fixer upper in Hollywood area. 12.06 grm, 5.8% cap, $146,666 price per unit. 4 unit apartment building plus 2 retail stores. Great unit mix of (3) 2 bedroom+1 bath, (1) 1 bedrooms + 1 bath, plus 2 retail (Retail stores are not subject to rent control). An excellent opportunity for an investor to rehab and raise rents. One of the retail units is vacant. Subject is located in the heart of Hollywood near Paramount Studios, Melrose Hill, 101 freeway and the Metro Red line. Residents benefit by being close to popular restaurants, trendy retailers and nightlife venues. Buyer to rely on their own investigations and in verifying all information relating to the property. Subject is being sold "as is".

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August, 2017
Aug 3, 2017

Date

Sold (Public Records)

Public Records

$880,000

Price
January, 2016
Jan 15, 2016

Date

Price Change

CRMLS: 15961789

$1,050,000

Price
Nov 26, 2015

Date

Price Change

CRMLS: 15961789

$1,100,000

Price
Listing provided courtesy of CRMLS

This 6 unit mixed-use property located East Hollywood is situated on the prominent thoroughfare of Melrose Ave and is centrally located near avariety of retail, restaurants, entertainment and prominent attractions of Hollywood. The property is conveniently located near the 101 freeway and the Metro's Red Line Service. This well-positioned property consists of 2 retail units and a terrific unit mix of (1) 1+1, (1) 2+1, (1) 2+1.5 and (1) 3+1. The storefront retail unit and the one-bedroom/one bathroom unit can be delivered vacant for an investor to capitalize on a true value-add opportunity. There is also a large storage room that will be delivered vacant that can garner additional income. The gated-access building is also separately metered for gas and electric utilities. This sought-after area continues to be on the rise with an increasing demand for ownership.

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January, 2004
Jan 21, 2004

Date

Sold (Public Records)

Public Records

$490,000

Price

Tax History for 4770 Melrose Ave

Assessed Value (2020): $915,552

Year	Land Value	Improved Value	Assessed Value
2020	$686,664	$228,888	$915,552

About 4770 Melrose Ave

Detailed summary of property

4770 Melrose Ave is categorized with a use code of Commercial/Office/Residential (Mixed Use) in Los Angeles, CA 90029 and last sold on August 3, 2017 for $880,000. This property has -- bedrooms, -- bathrooms, roughly 3,436 living square feet, and sits on an approximately 4,998 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 21.43% lower than the current median priced home. 4770 Melrose Ave was last sold on August 3, 2017 for $880,000. 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 4770 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 4770 Melrose Ave

Public county record property details

Beds: --
Baths: --
Year built: 1919
Sq. Ft.: 3,436
Lot Size: 4,998
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1,2
APN: 5521-006-005

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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