4071 Melrose Avenue, Los Angeles, CA 90029

Local realty services provided by:ERA North Orange County Real Estate
#1#2#3
4071 Melrose Avenue,Los Angeles, CA 90029
$2,350,000
  • 3 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:robert sillman
Office:lyon stahl investment real estate, inc.
MLS#:SB25122589
Source:SANDICOR

Price summary

  • Price:$2,350,000

About this home

5.72% CAP for Renovated, Non-RSO Product! Welcome to 4071 Melrose Avenue, a fully leased and fully renovated 6-unit apartment building located in East Hollywood/Virgil Village, adjacent to Silver Lake. Built in 1981, the property is exempt from LA RSO, subject only to statewide rent control under AB 1482, which allows annual rent increases of 5% + CPI (currently 8.9%). The 4,024 sqft building includes (5) 1-bed/1-bath units and (1) 2-bed/1-bath unit. Situated on a 7,110 sqft lot, there is ample space for up to 4 ADUs in the rear parking area, which accommodates up to 10 cars. Recent 2024 upgrades to the units feature in-unit stacked washer/dryers, mini-split HVAC systems, recessed lighting, stainless steel GE appliances, white oak flooring, custom cabinetry, and designer tile and countertops in the kitchens and bathrooms. Additional improvements include a Ratio Utility Billing System (RUBS) for tenant utility charges, as well as new exterior stucco, paint, and fencing. The property

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Home facts

  • Listing Id #:SB25122589
  • Added:363 day(s) ago
  • Updated:August 18, 2025 at 02:48 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2

Heating and cooling

  • Cooling:Wall/Window

Finances and disclosures

  • Price:$2,350,000
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