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4867 Melrose Ave, Los Angeles, CA 90029
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4867 Melrose Ave Los Angeles, CA 90029

$950,000 Sold Price as of 02/22/2024
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$950,000 Sold Price as of 02/22/2024 Refinance Your Mortgage
Map preview of 4867 Melrose Ave, Los Angeles, CA 90029

Property Overview: 4867 Melrose Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 7,266 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to exclusively present for sale a redevelopment opportunity in the Melrose Hill neighborhood of Los Angeles. Build 16+/- Residential Units plus ADUs by TOC or focus on 100% Affordable Housing and build approximately 32+/- Units. The 7,265 SF C1-1D Tier 2 Lot is located on Melrose Ave., between N. Oxford Ave. & Hobart Blvd. With easy access to the 101 freeway, this central location makes a commute to Downtown or anywhere in Los Angeles a breeze. Plan Check for Demoing the vacant SFR is completed and RTI! With an SB8 Replacement Unit Determination Letter stating that "No units are subject to replacement as an affordable 'protected unit' on this site", a Developer can build by right without needing to dedicate any units to low income/affordable housing. Or maximize density and go 100% Affordable Housing! This site is tucked in between Hollywood, East Hollywood and Koreatown - all of these areas in Los Angeles are going through tremendous redevelopment and all have great nightlife and amenities for future residents. Walk Score calls this area a Walker's Paradise! The home is currently boarded up and vacant (after some fire damage) and will be delivered vacant.

Listed by Dario Svidler | BRE #01884474 | Keller Williams Beverly Hills
Co-listed by Almog Strikowski | BRE #01986816 | Keller Williams Beverly Hills
Last checked: 15 minutes ago | Last updated: February 27th, 2024 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft
7,266
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
23320399
City
Los Angeles
County
Los Angeles
Time on Site
211 days

Property Details for 4867 Melrose Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • Parcel Number: 5535029008
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Between Western Ave. and Normandie Ave. Just west of 101 Freeway.
View more facts & features

Local Los Angeles Agent

Sale History for 4867 Melrose Ave

Last sold for $950,000 on February 22nd, 2024

  • February, 2024

  • Feb 22, 2024

    Date

    Sold

    CRMLS: 23320399

    $950,000

    Price

  • Oct 11, 2023

    Date

    Active

    CRMLS: 23320399

    $995,000

    Price

  • October, 2023

  • Oct 11, 2023

    Date

    Canceled

    CRMLS: 23282915

    $999,000

    Price

  • Jun 20, 2023

    Date

    Active

    CRMLS: 23282915

    $999,000

    Price

  • Listing provided courtesy of CRMLS

    Seller has found upleg and is ready to sell! We are proud to exclusively present for sale a redevelopment opportunity in the Melrose Hill neighborhood of Los Angeles. Build 16+/- Residential Units plus ADUs by TOC or focus on 100% Affordable Housing and build approximately 32+/- Units. The 7,265 SF C1-1D Tier 2 Lot is located on Melrose Ave., between N. Oxford Ave. & Hobart Blvd. With easy access to the 101 freeway, this central location makes a commute to Downtown or anywhere in Los Angeles a breeze. Plan Check for Demoing the vacant SFR is completed and RTI! With an SB8 Replacement Unit Determination Letter stating that "No units are subject to replacement as an affordable 'protected unit' on this site", a Developer can build by right without needing to dedicate any units to low income/affordable housing. Or maximize density and go 100% Affordable Housing! This site is tucked in between Hollywood, East Hollywood and Koreatown - all of these areas in Los Angeles are going through tremendous redevelopment and all have great nightlife and amenities for future residents. Walk Score calls this area a Walker's Paradise! The home is currently boarded up and vacant (after some fire damage) and will be delivered vacant.

  • June, 2023

  • Jun 22, 2023

    Date

    Canceled

    CRMLS: 23231589

    $1,099,000

    Price

  • Jan 11, 2023

    Date

    Active

    CRMLS: 23231589

    $1,475,000

    Price

  • Listing provided courtesy of CRMLS

    REDUCED! We are proud to exclusively present for sale a redevelopment opportunity in the Melrose Hill neighborhood of Los Angeles that is asking for a new life. The 7,265 SF C1-1D Tier 2 Lot is located on Melrose Ave., between N. Oxford Ave. & Hobart Blvd. With easy access to the 101 freeway, this central location makes a commute to Downtown or anywhere in Los Angeles a breeze. Currently, the plan check for demoing the single family residence is completed! The Seller has begun Plan Check work to build a 3 Unit Apartment Building and 2 ADUsthough a Buyer can pivot to up to 16 Units plus ADUs. With an SB8 Replacement Unit Determination Letter stating that "No units are subject to replacement as an affordable 'protected unit' on this site", a developer can build by right without needing to dedicate any units to low income/affordable housing. Plans are available for a quick 5 unit project (recently submitted to Plan Check) or max out density via TOC and build 16 & ADUs. This site is tucked in between Hollywood, East Hollywood and Koreatown - all of these areas in Los Angeles are going through tremendous redevelopment and all have great nightlife and amenities for future residents. The home is currently boarded up and vacant (after some fire damage) and will be delivered vacant.

  • May, 2022

  • May 19, 2022

    Date

    Canceled

    CRMLS: CV22070606

    $1,300,000

    Price

  • Apr 20, 2022

    Date

    Active

    CRMLS: CV22070606

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

    Accepting cash offers ONLY! Property sold AS-IS, and seller can not guarantee vacancy, seller will make no repairs. Unique opportunity in the heart of Hollywood, California on the famous Melrose Avenue. This property is a gated duplex with separate utilities for upstairs and for downstairs. There are 9 parking spaces on the property. The property is zoned commercial on the lower level and zoned residential for the upper level (Mixed USE). This property is in a great location for investors because there are skyrise condos being built around the property. This property is ideal for an investor who wants to tear down the existing structure and build condos or a parking lot. The existing property structure had a safety violation from the LADBS (Los Angeles Department of Building and Safety) which turned into a lien. Demolition of the existing property structure to prepare it for development, would remove the violation and lien since the violation is for the EXISTING structure safety issue. Buyer to verify all information and must do their own due diligence. 2 minute drive to Sunset Blvd Restaurants, shopping, bars and nightlife, 5 minute drive to Hollywood Bowl, 10 min drive to universal studios. Bring your imagination and restore this location back to its original beauty!.

  • September, 2021

  • Sep 3, 2021

    Date

    Canceled

    CRMLS: SW21109677

    $1,280,000

    Price

  • Aug 26, 2021

    Date

    Pending

    CRMLS: SW21109677

    $1,280,000

    Price

  • Aug 25, 2021

    Date

    Active

    CRMLS: SW21109677

    $1,280,000

    Price

  • Jul 27, 2021

    Date

    Hold

    CRMLS: SW21109677

    $1,280,000

    Price

  • Jul 27, 2021

    Date

    Active

    CRMLS: SW21109677

    $1,280,000

    Price

  • Jun 10, 2021

    Date

    Pending

    CRMLS: SW21109677

    $1,280,000

    Price

  • May 26, 2021

    Date

    Price Change

    CRMLS: SW21109677

    $1,280,000

    Price

  • May 22, 2021

    Date

    Active

    CRMLS: SW21109677

    $1,290,000

    Price

  • Listing provided courtesy of CRMLS

    Accepting all cash offers until Friday 5/28 at 5:00pm. Property sold AS-IS, seller will make no repairs. Unique opportunity in the heart of Hollywood, California on the famous Melrose Avenue.  This property is a gated duplex with separate utilities for upstairs and for downstairs.   There are 9 parking spaces on the property. The property is zoned commercial on the lower level and zoned residential for the upper level. This property is in a "hot spot" for investors because there are skyrise condos being built around the property.   This property is ideal for an investor who wants to tear down the existing structure and build condos or a parking lot. The existing property structure had a safety violation from the LADBS (Los Angeles Department of Building and Safety) which turned into a lien.  Demolition of the existing property struction to prepare it for development,  would remove the violation and lien since the violation is for the EXISTING structure safety issue.  Buyer to verify all information and must do their own due diligence.

  • May, 2021

  • May 5, 2021

    Date

    Canceled

    CRMLS: SW21067687

    $3,199,000

    Price

  • Apr 13, 2021

    Date

    Price Change

    CRMLS: SW21067687

    $3,199,000

    Price

  • Apr 2, 2021

    Date

    Active

    CRMLS: SW21067687

    $3,495,000

    Price

  • Listing provided courtesy of CRMLS

    Unique opportunity in the heart of Hollywood, California on the famous Melrose Avenue.  This property is a gated duplex with separate utilities for upstairs and for downstairs.   There are 9 parking spaces on the property. The property is zoned commercial on the lower level and zoned residential for the upper level. This property is in a "hot spot" for investors because there are skyrise condos being built around the property.   This property is ideal for an investor who wants to tear down the existing structure and build condos or a parking lot. The existing property structure had a safety violation from the LADBS (Los Angeles Department of Building and Safety) which turned into a lien.  Demolition of the existing property struction to prepare it for development,  would remove the violation and lien since the violation is for the EXISTING structure safety issue.  Buyer to verify all information and must do their own due diligence.

  • October, 2020

  • Oct 5, 2020

    Date

    Expired

    CRMLS: CV19235328

    $3,200,000

    Price

  • Oct 5, 2020

    Date

    Sold

    CRMLS: CV19235328

    --

    Price

  • Feb 10, 2020

    Date

    Pending

    CRMLS: CV19235328

    $3,200,000

    Price

  • Oct 7, 2019

    Date

    Active

    CRMLS: CV19235328

    $3,200,000

    Price

  • Listing provided courtesy of CRMLS

    Unique opportunity to buy the land and business together in the heart of Hollywood on the famous Melrose Avenue offering affordable luxurious accommodations in Los Angeles, California. This property has 9 bedrooms, 3 full bathrooms, 2 full kitchens and 9 gated parking spots! Every room has been newly renovated and professionally decorated with attention to every last detail featuring several one-of-a-kind imported fixtures, with couture interior design and embellishments throughout. All furniture, fixtures, decorations, appliances are included in the sale!

  • August, 2016

  • Aug 1, 2016

    Date

    Sold (Public Records)

    Public Records

    $965,000

    Price

  • August, 2002

  • Aug 29, 2002

    Date

    Sold (Public Records)

    Public Records

    $395,000

    Price

Show More

Tax History for 4867 Melrose Ave

Assessed Value (2020): $1,024,063
Year Land Value Improved Value Assessed Value
2020 $819,251 $204,812 $1,024,063

Home Value Compared to the Market

This property vs the competition

4867 Melrose Ave sold on February 22, 2024 for 16.39% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 4867 Melrose Ave

Detailed summary of property

4867 Melrose Ave is a land that recently sold in Los Angeles, CA 90029. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 7,266 square foot lot. 4867 Melrose Ave was first listed on ArdentRealEstateGroup.com on October 11, 2023. The homeowner sold the property for $950,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 16.39% lower than the current median priced home. Local homes that are currently for sale include 8918 Thrasher Ave, 4620 S Vermont Ave and 1523-3 N Doheny Dr. While the average home in Los Angeles, CA is selling in 93 days, 4867 Melrose Ave has a days on market of 35 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 4867 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 4867 Melrose Ave

Public county record property details
Beds
3
Baths
1
Year built
1913
Sq. Ft.
2,110
Lot Size
7,265
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
65
APN
5535-029-008

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
$1,195,000
Median List Price/Sq.Ft.
$802
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
34
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Call, Text or Message
(714) 706-1823

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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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