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4015 Melrose Ave
Los Angeles, CA 90029
Multifamily Property For Sale
·
44 Units
Investment Highlights
- Tremendous Value-Add Opportunity with ~40% Upside in Rents
- Located in a Qualified Opportunity Zone
- Separately Metered for Electric
- Excellent Location in Hip Virgil Village Adjacent to Silverlake
- Character Architecture
- Solar Water Heating System
Property Facts
| No. Units | 44 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 27,796 SF |
| Property Subtype | Apartment | Average Occupancy | 98% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1928 |
| Zoning | LARD1.5 | ||
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 27,796 SF |
| Average Occupancy | 98% |
| No. Stories | 4 |
| Year Built | 1928 |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 28 | - | - |
| 1+1 | 12 | - | - |
| Studios | 4 | - | - |
Property Taxes
| Parcel Number | 5539-020-014 | Improvements Assessment | $2,371,799 |
| Land Assessment | $5,534,199 | Total Assessment | $7,905,998 |
Property Taxes
Parcel Number
5539-020-014
Land Assessment
$5,534,199
Improvements Assessment
$2,371,799
Total Assessment
$7,905,998
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