4770 Melrose Ave
Los Angeles, CA 90029
Price Reduced! 5.8% CAP! 12.06 GRM! · Retail Property For Sale
Property Facts
About 4770 MELROSE AVE , LOS ANGELES, CA 90029
Cash offers only! Fixer upper in well located Hollywood area. 12.06 grm, 5.8% cap, $146,666 price per unit. 4 unit apartment building plus 2 retail stores in Hollywood. Great unit mix of (3) 2 bedrooms +1 bath, (1) 1 bedrooms + 1 bath apartments plus 2 retail (Retail stores are not subject to rent control). An excellent opportunity for an investor to rehab and raise rents. One of the retail units is vacant. Buyer to rely on their own investigations and in verifying all information relating to the property. Subject is being sold "as is". Subject is located in the heart of Hollywood near Paramount Studios, Melrose Hill, 101 freeway and the Metro Red line. Residents benefit by being close to popular restaurants, trendy retailers and nightlife venues.
Property Taxes
| Parcel Number | 5521-006-005 | Improvements Assessment | $250,321 |
| Land Assessment | $750,965 | Total Assessment | $1,001,286 |
Property Taxes
