4541 Melbourne Avenue, Los Feliz, CA 90027

• Sold Price : $1,215,000
• Beds : 6
  
• Baths : 4
  
• Property Size : 2,804 sqft
  
• Year Built : 1922
  

Property Description

Exceptional Investment Opportunity in Los Feliz! On the market for the first time in over 70 years! Presenting a rare gem in the heart of one of Los Angeles’ most sought-after neighborhoods, this triplex in Los Feliz offers a unique canvas for savvy investors, contractors and developers. Situated on a spacious 6,750 square foot lot, this property represents an exceptional redevelopment opportunity to craft a modern masterpiece in a coveted locale. Property being sold *AS IS*. This property provides ample space for redevelopment. Zoned for LAR2, there are multiple potential configurations for this property. The existing structure, though in poor condition, offers a clean slate for your vision. This teardown opportunity allows for the creative freedom to design and build from the ground up, ensuring that every aspect of the new development meets modern standards, codes and investment potential. Buyer to consult with local authorities to explore the full range of possibilities this lot offers and verify all zoning information. This neighborhood’s charm and demand make it an ideal location for a high-value development. The current configuration is two buildings, plus an unattached garage, on one lot. Each building has two levels. The front home is comprised of two units, one on the first floor and one on the second. The back building also has 2 levels and is on its own power meter. Title shows 6 bedrooms and 3 bathrooms total in the two structures. This appears to be outdated, however, and is currently a total of 5 bedrooms and 3 1/2 baths. (buyer to verify). Located in a prime location in the vibrant Los Feliz community, between Vermont and Hillhurst, this triplex enjoys proximity to trendy cafes, boutique shops, and renowned dining establishments. With its central location, this property is minutes away from Griffith Park, The Greek Theatre, Hollywood, The LA Zoo and everything the Los Feliz area has to offer. With its prime location and significant redevelopment potential, this triplex is poised to be the foundation of a standout investment.

Interior Features

Listing Information

Listing information courtesy of: David Nixon, Better Homes and Gardens Real Estate Town Center. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 29th, 2024 at 11:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.