4957-4959 West Melrose Hill

Los Angeles, CA 90029

$2,600,000
Last Sold Price
7
Beds
6
Baths
5,004 Sq. Ft.
$520 / Sq. Ft.
5,004
Sq. Ft.
$520
per Sq. Ft.

Description

Sitting in a 13,000 Sqft of a flat Lot, this compound estate is located in a pocket area in Melrose Hill. Facing the Hollywood sign, Griffin Museum and 5 min away from Paramount Studio. This property has to offer the Main unit with a Mother-In-Law Suite and 1detached unit. The Main duelling is a two story home with over 4,000 Sqft living space. It features 4bed which 2 of them are Masters bedroom, 5 1/2 bath and a mother-in-law suite. Second floor includes aMother-in -Law suite with 1 bed,1 full...Sitting in a 13,000 Sqft of a flat Lot, this compound estate is located in a pocket area in Melrose Hill. Facing the Hollywood sign, Griffin Museum and 5 min away from Paramount Studio. This property has to offer the Main unit with a Mother-In-Law Suite and 1detached unit. The Main duelling is a two story home with over 4,000 Sqft living space. It features 4bed which 2 of them are Masters bedroom, 5 1/2 bath and a mother-in-law suite. Second floor includes aMother-in -Law suite with 1 bed,1 full bath, private entrance and private balcony. This is an Historic neighbourhood, family friendly, it's a private location, the property is located at the end of the cul-de-sac and its completely fenced. The detached Unit 4959 has to offer approximately 1,000 Sqft of living space, 2 bed & 1bath, private balcony with bbq area and front patio facing as well the Hollywood sign. At the moment both of the units are successfully rented. Main unit 4957 is rented with 1 year lease at $11,000/Mth; Detached unit 4959 is rented month to month at $3,750/Mth. This property is certainly generating monthly rental income. It could be a great fit for that owner who wants buy a great house, with a large lot and privacy. While living the Hollywood life, the lucky owner is able to pay his mortgage with rental income. This is for real the American dream. Call for more info and schedule a showing.

Listing Agent

  1. Alessandra Ferracuti

    Alessandra Ferracuti

    Listing Agent

    Compass

    DRE #02053258

Property Details for 4957-4959 West Melrose Hill

Zoning
LAR1
Style
Craftsman
Parcel Number
5535028026
Total Units
3.0
Living Area
5004
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
5

Location

Listing Courtesy of Compass, Alessandra Ferracuti, DRE #02053258

Sold By Division One Investment & Loan, Rosa Garcia, DRE #01373253

Add your commute
LISTING UPDATED: 04/23/2024 07:24 PM

Property Details for 4957-4959 West Melrose Hill

StatusSold
MLS #23-314766
Days on Market148
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1995
Lot Size0.30 AC / 12,995 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Alessandra Ferracuti, DRE #02053258

Sold By Division One Investment & Loan, Rosa Garcia, DRE #01373253

Add your commute

Building Information for 4957-4959 West Melrose Hill

Stories2Residences-Year Built1995Building Size-Lot Size0.30 AC / 12,995 SF

Payment Calculator

$14,189 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,189

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4957-4959 West Melrose Hill

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 3
  • View: Yes
  • View Description: Hills
  • View: Hills
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $120,000
  • Net Operating Income: $132,000.00
  • Gross Income: $189,000
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 10000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2983
  • Lot Size Square Feet: 12995
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car, Driveway - Concrete
  • Total Parking: 8
  • Parking Features: Garage - Two Door, Concrete
Interior Features
Interior Features
  • Room Type: Living Room, Walk-In Closet, Two Primaries, Primary Bathroom, Family Room, Guest/Maid's Quarters
  • Rooms: Dining Area, Living Room, Den/Office, Pantry, Patio Covered, Walk-In Closet, Two Masters, Study/Office, Master Bedroom, Breakfast Area, Family Room, Guest House, In-Law Suite
  • Levels: Two, Multi/Split, One
  • Fireplace Rooms: Gas and Wood
  • Den: Yes
  • Family Room: 1
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Wood
  • Equipment: Range/Oven, Other, Microwave
  • Common Walls: Detached/No Common Walls
  • Laundry: Garage
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: GuestHouse
Lease Terms
Lease Terms
  • Entry Date: 09-25-2023
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $11,000.00
  • Unit Actual Rent: $11,000.00
  • Unit Projected Rent: $12,550.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $3,750.00
  • Unit Actual Rent: $3,750.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 4957-4959 West Melrose Hill

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4957-4959 West Melrose Hill

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Kingsley Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Alessandra Ferracuti, DRE #02053258

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.