4541 Melbourne Avenue, Los Feliz
Los Feliz Home For Sale
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*. Spanning 6,750 square feet, the 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, each with its own address (4541 and 4541 ¼). The back building also has 2 levels and is on its own power meter. Its address is 4541 ½. Title shows 6 bedrooms and 3 bathrooms total in the two structures (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.
Property Details
Additional Information
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- City:
- Los Feliz
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- County:
- Los Angeles
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- Zip:
- 90027
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- MLS® #:
- BB24155276
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- Bedrooms:
- 6
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- Bathrooms:
- 4
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- Square Ft:
- 2,804
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- Lot Size:
- 0.16
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- Levels:
- Two
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- Garages:
- 1
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- School District:
- Los Angeles Unified
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 31st, 2024 at 5:12pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.