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4958 Melrose Ave, Los Angeles, CA 90029
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4958 Melrose Ave Los Angeles, CA 90029

$1,350,000 Sold Price as of 04/22/2022
  • -- Beds
  • -- Baths
  • 2,820 Sq.Ft.
Sold
$1,350,000 Sold Price as of 04/22/2022 Refinance Your Mortgage
Map preview of 4958 Melrose Ave, Los Angeles, CA 90029

Property Overview: 4958 Melrose Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 2,820 living square feet and 2,974 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fully remodeled 2 story owner-user opportunity near Paramount Studios, Raleigh Studios and Conway Recording Studios. Ideal for live/work, creative uses, recording studio, co-working and retail with showroom. Formerly a co-living facility. Massive remodel including: New electrical, plumbing, sewer line, roof, tankless water heaters, windows, bathrooms with showers, ground floor kitchen and kitchen hookups on the 2nd floor. Private patio in the back. Bonus common area/rec room/multipurpose attic space and converted garage. Potential to convert garage to an ADU (Accessory Dwelling Unit). Ideally located on Melrose Ave @ Western in burgeoning East Hollywood with easy access to the 101 FWY. Strategic location between Hollywood, Hancock Park and Koreatown. Walking distance to gourmet restaurants and 5 minute drive to Larchmont Village. Walk Score 92 out of 100 (Walker's Paradise).

Listed by Kay Sasatomi | BRE #01824653 | NAI Capital, Inc.
Last checked: 2 minutes ago | Last updated: February 29th, 2024 | Source CRMLS | DOM: 72

Home details

Lot Sq. Ft
2,974
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
21683430
City
Los Angeles
County
Los Angeles
Time on Site
337 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4958 Melrose Ave

Interior Features
Cooling Information
  • Has Cooling
Heating Information
  • Has Heating
  • Zoned
Laundry Information
  • Outside
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
Property Information
  • Parcel Number: 5521001011
Location / Neighborhood
Location Information
  • Directions: On Melrose just East of Western
View more facts & features

Local Los Angeles Agent

Sale History for 4958 Melrose Ave

Last sold for $1,350,000 on April 22nd, 2022

  • February, 2024

  • Feb 29, 2024

    Date

    Canceled

    CRMLS: 21683530

    $11,000

    Price

  • Jan 26, 2021

    Date

    Active

    CRMLS: 21683530

    $11,000

    Price

  • Listing provided courtesy of CRMLS

    Fully remodeled 2 story property near Paramount Studios, Raleigh Studios and Conway Recording Studios. Ideal for live/work, creative uses, recording studio, co-working and retail with showroom. Formerly a co-living facility. Massive remodel including: New electrical, plumbing, sewer line, roof, tankless water heaters, windows, bathrooms with showers, ground floor kitchen and kitchen hookups on the 2nd floor. Private patio in the back. Bonus common area/rec room/multipurpose attic space and converted garage. Potential to convert garage to an ADU (Accessory Dwelling Unit). Ideally located on Melrose Ave @ Western in burgeoning East Hollywood with easy access to the 101 FWY-Strategic location between Hollywood, Hancock Park and Koreatown. Walking distance to gourmet restaurants and 5 minute drive to Larchmont Village. Walk Score 92 out of 100 (Walker's Paradise).

  • April, 2022

  • Apr 22, 2022

    Date

    Sold

    CRMLS: 21683430

    $1,350,000

    Price

  • Jan 26, 2021

    Date

    Active

    CRMLS: 21683430

    $1,350,000

    Price

  • May, 2021

  • May 15, 2021

    Date

    Expired

    CRMLS: 20668314

    $12,000

    Price

  • Jan 16, 2021

    Date

    Withdrawn

    CRMLS: 20668314

    $12,000

    Price

  • Dec 8, 2020

    Date

    Active

    CRMLS: 20668314

    $12,000

    Price

  • Listing provided courtesy of CRMLS

    Prime Hollywood location with a 92 walk score. Located just east of the intersection of Melrose and Western. Just a few steps to shops and public transit. The 2,820 SF building features renovated interiors and beautifully curated exterior. The first floor has an open floor plan containing 3 full bathrooms, a full kitchen and separate private room/office. The second floor contains three large rooms, three full bathrooms, and a kitchenette. The property has a charming backyard and large storage space which can be utilized for a variety of uses. City of Los Angeles C2 zoning allows for a multitude of uses including residential and retail/office. Ideal for live/work loft, Retail, Co-living, and affordable housing. The building also includes a large built-out attic and 3 car spaces, including one garage. See attached plans for a rough estimate on potential room layout.

  • December, 2020

  • Dec 23, 2020

    Date

    Active

    CRMLS: 20673090

    $12,000

    Price

  • Listing provided courtesy of CRMLS

    Prime Hollywood location with a 92 walk score. Located just east of the intersection of Melrose and Western. Just a few steps to shops and public transit. The 2,820 SF building features renovated interiors and beautifully curated exterior. The first floor has an open floor plan containing 3 full bathrooms, a full kitchen and separate private room/office. The second floor contains three large rooms, three full bathrooms, and a kitchenette. The property has a charming backyard and large storage space which can be utilized for a variety of uses. City of Los Angeles C2 zoning allows for a multitude of uses including residential and retail/office. Ideal for live/work loft, Retail, Co-living, and affordable housing. The building also includes a large built-out attic and 3 car spaces, including one garage. See attached plans for a rough estimate on potential room layout.

  • March, 2019

  • Mar 6, 2019

    Date

    Sold

    CRMLS: PW18171473

    $815,000

    Price

  • Jan 27, 2019

    Date

    Pending

    CRMLS: PW18171473

    $885,000

    Price

  • Jan 18, 2019

    Date

    Active

    CRMLS: PW18171473

    $885,000

    Price

  • Jan 18, 2019

    Date

    Price Change

    CRMLS: PW18171473

    $885,000

    Price

  • Oct 30, 2018

    Date

    Active Under Contract

    CRMLS: PW18171473

    $960,000

    Price

  • Jul 17, 2018

    Date

    Active

    CRMLS: PW18171473

    $960,000

    Price

  • Listing provided courtesy of CRMLS

    "Melrose" just east of Western... Originally built as a Duplex! LAC2 zoning, Stacked units surrounded by mixed uses (Public Storage - Multi-Family - Bank & Fire Station (across the street). Each level has approximately 1400 sqft (+/-) totaling 2820 sqft (tax records). Downstairs floor plan has been modified to a Commercial use includes 3 Rooms, Kitchen & Bathroom. Upstairs: 2 Bedrooms + Den, Living room, Formal Dining, Kitchen and Laundry room. Huge Attic with access with tons of storage space. Small Garage + Storage shed on-site + a Huge open attic. Shared driveway, shares garage wall with adjacent property owner. Property has deferred maintenance, requires updating and is being sold in AS IS condition. Buyer to satisfy themselves regarding existing and intended uses.

  • March, 2019

  • Mar 6, 2019

    Date

    Sold (Public Records)

    Public Records

    $815,000

    Price

  • June, 2018

  • Jun 26, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4958 Melrose Ave

Assessed Value (2020): $831,300
Year Land Value Improved Value Assessed Value
2020 $748,170 $83,130 $831,300

Home Value Compared to the Market

This property vs the competition

4958 Melrose Ave sold on April 22, 2022 for 13.45% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $478.72 per/sqft which puts the price per square foot 36.59% lower than the current median sale per square foot for the city of Los Angeles.

About 4958 Melrose Ave

Detailed summary of property

4958 Melrose Ave is a mixed use that recently sold in Los Angeles, CA 90029. This mixed use property offered -- bedrooms, -- bathrooms, roughly 2,820 living square feet, and sits on an approximately 2,974 square foot lot. 4958 Melrose Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,350,000. 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 13.45% higher than the current median priced home. Local homes that are currently for sale include 2600 W 54th St, 5314 S Broadway and 317 W 56th St. While the average home in Los Angeles, CA is selling in 94 days, 4958 Melrose Ave has a days on market of 72 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 4958 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 4958 Melrose Ave

Public county record property details
Beds
4
Baths
2
Year built
--
Sq. Ft.
2,820
Lot Size
2,974
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5521-001-011

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
$1,199,000
Median List Price/Sq.Ft.
$802
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
32
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), 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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