4071 Melrose Avenue

Los Angeles, CA 90029

$1,385,000
Last Sold Price
7
Beds
6
Baths
4,024 Sq. Ft.
$344 / Sq. Ft.
4,024
Sq. Ft.
$344
per Sq. Ft.

Description

Price Improved! This charming and well-maintained 2 story apartment complex totals 4024 sq .ft is situated on a large 7108 sq ft lot . It offers five 1 bedroom, 1 bath and one 2 bedroom, 1 bath. Property is gated for security and privacy with parking for 9 cars. It is separately metered for gas and electricity. It has copper plumbing. Exterior was painted over a year ago. Walking distance to Los Angeles City College (LACC), West Coast University, Elementary school, popular eateries and locally owned...Price Improved! This charming and well-maintained 2 story apartment complex totals 4024 sq .ft is situated on a large 7108 sq ft lot . It offers five 1 bedroom, 1 bath and one 2 bedroom, 1 bath. Property is gated for security and privacy with parking for 9 cars. It is separately metered for gas and electricity. It has copper plumbing. Exterior was painted over a year ago. Walking distance to Los Angeles City College (LACC), West Coast University, Elementary school, popular eateries and locally owned retails makes the neighborhood one of the most sought after market in Los Angeles. It is minutes away from 101 Freeway, subway station and other transportation options. There is constant on going development in the vicinity. This desirable location with consistent high demand rental area makes this complex ideal for investors and owner users. Building inspection was completed last Dec 2021.
  1. Listed by Gorgonia Francisco • DRE #01099917 • Brokerage DRE #01327139 • Coldwell Banker Exclusive • 818-419-9212

Property Details for 4071 Melrose Avenue

Parking Spaces Total
9
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4024
Assessor Parcel Number
5539-020-032
Property Attached YN
true

Location

Listing Courtesy of Coldwell Banker Exclusive, Gorgonia Francisco, DRE #01099917

Sold By RE/MAX One, Chase Simonton, DRE #01766871

Add your commute
LISTING UPDATED: 10/09/2023 09:53 AM

Property Details for 4071 Melrose Avenue

StatusClosed
MLS #SR23022126
Days on Market153
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1981
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Exclusive, Gorgonia Francisco, DRE #01099917

Sold By RE/MAX One, Chase Simonton, DRE #01766871

Add your commute

Building Information for 4071 Melrose Avenue

Building/Complex4071 Melrose AveFloor-Stories2Residences-Pet Policy-Year Built1981Building Size-

Payment Calculator

$8,250 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,559

Property Taxes

$691

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4071 Melrose Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $90,912
  • Gross Scheduled Income: $90,912
  • Net Operating Income: $66,216
  • Financing: Conventional
Expense Details
  • Operating Expense: $24,696
  • Gardener Expense: $840
  • Fuel Expense: $0
  • Pest Control Expense: $924
  • Electric Expense: $0
  • Insurance Expense: $4,692
  • Professional Management Expense: $0
  • Other Expense: $1,812
  • Other Expense Description: Telephon
  • Trash Expense: $4,704
  • Water Sewer Expense: $11,724
  • Total Expenses: $24,696
Tax / Assessment Info
  • Tax Tract Number: 191...
  • Tax Census Tract: 1914.20
  • CFD/Mello-Roos Fee: $1,104
  • Tax Lot: 450
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 9
  • Parking Garage Spaces: 9
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,106
  • Unit Type Total Rent: $1,106
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,243
  • Unit Type Total Rent: $1,243
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,117
  • Unit Type Total Rent: $1,117
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,324
  • Unit Type Total Rent: $1,324
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,296
  • Unit Type Total Rent: $1,296
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,430
  • Unit Type Total Rent: $1,430
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 0

Property History for 4071 Melrose Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4071 Melrose Avenue

Taxable ValueLand$209,409Additions$389,183Total$598,592
Tax Record2023$8,292 ($691 / month)
Home Facts
Total Finished SqFt4,024 SqFtAbove Grade Finished SqFt4,024 SqFtLot Size7,108 SqFtStyleMulti-Family Res (5+ Units)Year Built1981ZoningLARD1.5CountyLOS ANGELESAPN5539-020-032

Schools near 4071 Melrose Avenue

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
Charter - 9 to 12
Rating
School
Distance
Dayton Heights Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Camino Nuevo High No. 2
Charter9 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

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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 Coldwell Banker Exclusive, Gorgonia Francisco, DRE #01099917

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.