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4071 Melrose Ave
Los Angeles, CA 90029 East Hollywood

$2,350,000 USD

Apartments For Sale • 4,024 SF

Property Details

Property Type Apartments
Total Building Size 4,024 SF
Lot Size 0.16 AC
Building Class C
Year Built 1981
Zoning LARD1.5

62 Transit Score

92 Walk Score

                
                    Highlights
                
                                Prime East Hollywood/Virgil Village location, adjacent to Silver Lake
                            
                                Fully Renovated 6-Unit: (5) 1-bed/1-bath & (1) 2-bed/1-bath
                            
                                Built in 1981 - Not Subject to LA RSO | 5% + CPI Annual Rent Increases
                            
                                Unit Renovations - stacked washer/dryers, mini-split HVAC systems, stainless steel GE appliances, white oak flooring & designer finishes
                            
                                RTI Plans for 2 ADUs - (1) 3-bed/2-bath & (1) 2-bed/2-bath unit
                            
                                After building the ADUs and factoring in construction costs, the property will operate at a 7.39% CAP as an 8-unit and 8.65% CAP as a 10-unit

Amenities

Air Conditioning
Dishwasher
Washer/Dryer
Ceiling Fans
Eat-in Kitchen
Kitchen
Stainless Steel Appliances

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	7 min	-	4.1 mi
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	8 min	-	4.2 mi
Transit/Subway	Drive	Walk	Distance
Vermont/Santa Monica Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	11 min	0.6 mi
Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	12 min	0.7 mi
Airport	Drive	Walk	Distance
Bob Hope	19 min	-	11.4 mi
Los Angeles International	27 min	-	15.5 mi
Long Beach (Daugherty Field)	35 min	-	25.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	7
Type:	Surface
Included in Rent:	Yes

Robert Sillman 424-577-5011 Lyon Stahl Investment Real Estate

4071 Melrose Ave Los Angeles, CA 90029 East Hollywood