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1920-1922 Mellon Ave
Los Angeles, CA 90039
Multifamily Property For Sale
·
2 Units
Investment Highlights
- Rare opportunity and location
- Flexible living and Income Potential
- Upgraded and Permitted Features
- Two seperate homes
- Recent Price Reduction
Executive Summary
2 On-a-Lot (2-Units) in Sought-After "Elysian Valley / Frogtown" community of NELA. First Time on market in 60 years! Priced below market. Live in one, Rent the other to help with mortgage payments. Recent Huge Price Reduction!!!
* * * FRONT HOUSE (1922): Originally built 1966 w/ 2nd Story Addition in 1976 (all permitted). 4BR + Bonus 5th BR (or office), 23/4 Bathrooms. Formal Dining Room, Large Kitchen w/ Breakfast Bar and additional dining area w/ Recessed Lighting; built-in Range and Double Oven + Slider to side yard. 2nd Floor Family Room (at landing) and double doors to large Master Bedroom Suite with walk-in closet and Full Bathroom. Laundry Closet in Bonus Room. Attached 2-Car Carport w/ lots of storage cabinets. Front fenced yard. Systems: Central A/C, forced air heating, copper plumbing, saltillo tile (most of 1st floor), laminate (BR#4 - 1st fl, & Family Room - 2nd fl), carpet (all 2nd fl BR's). - Front House is tenant occupied and can be shown with 24-hour advance notice.
* * * BACK HOUSE (1920): Buyer's can occupy Back House at COE. Original property on lot, built 1936. 2-Story, 2BR, 13/4 Bathrooms. Living Room w/ Fireplace, Spacious Formal Dining Room; both with arched entries and coved ceilings. Large Kitchen w/ storage & pantry. Laundry Room w/ door to back w/ doggie door. 2nd Floor Master Bedroom Suite w/ lots of windows and your own Bathroom. 1st Floor Master Bedroom Suite w/ 3/4 Bathroom. Attached 1-Car Garage. Hardwood floors (liv room, FDR, 1st fl BR), tile (kitchen, laundry), carpet (2nd floor master BR). - Back House is Vacant at Close of Escrow.
* * * Located near 2, 5 & 110 freeways, Dodger Stadium, DTLA, transportation, parks, L. A. River and more. There is a lot of new development in community, so now is your chance to buy while you can.
* * * FRONT HOUSE (1922): Originally built 1966 w/ 2nd Story Addition in 1976 (all permitted). 4BR + Bonus 5th BR (or office), 23/4 Bathrooms. Formal Dining Room, Large Kitchen w/ Breakfast Bar and additional dining area w/ Recessed Lighting; built-in Range and Double Oven + Slider to side yard. 2nd Floor Family Room (at landing) and double doors to large Master Bedroom Suite with walk-in closet and Full Bathroom. Laundry Closet in Bonus Room. Attached 2-Car Carport w/ lots of storage cabinets. Front fenced yard. Systems: Central A/C, forced air heating, copper plumbing, saltillo tile (most of 1st floor), laminate (BR#4 - 1st fl, & Family Room - 2nd fl), carpet (all 2nd fl BR's). - Front House is tenant occupied and can be shown with 24-hour advance notice.
* * * BACK HOUSE (1920): Buyer's can occupy Back House at COE. Original property on lot, built 1936. 2-Story, 2BR, 13/4 Bathrooms. Living Room w/ Fireplace, Spacious Formal Dining Room; both with arched entries and coved ceilings. Large Kitchen w/ storage & pantry. Laundry Room w/ door to back w/ doggie door. 2nd Floor Master Bedroom Suite w/ lots of windows and your own Bathroom. 1st Floor Master Bedroom Suite w/ 3/4 Bathroom. Attached 1-Car Garage. Hardwood floors (liv room, FDR, 1st fl BR), tile (kitchen, laundry), carpet (2nd floor master BR). - Back House is Vacant at Close of Escrow.
* * * Located near 2, 5 & 110 freeways, Dodger Stadium, DTLA, transportation, parks, L. A. River and more. There is a lot of new development in community, so now is your chance to buy while you can.
Property Facts
| Price Per Unit | $545,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 2,734 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1934/1976 |
| Property Subtype | Apartment | Parking Ratio | 0.73/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | LAR2 - Restricted Density Multiple | ||
| Price Per Unit | $545,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,734 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1934/1976 |
| Parking Ratio | 0.73/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR2 - Restricted Density Multiple |
Property Taxes
| Parcel Number | 5442-020-005 | Improvements Assessment | $862,885 |
| Land Assessment | $874,915 | Total Assessment | $1,737,800 |
Property Taxes
Parcel Number
5442-020-005
Land Assessment
$874,915
Improvements Assessment
$862,885
Total Assessment
$1,737,800
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