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New Listing
$2,100,000
 $11,273 est/mo Sourced by Back At You

4071 Melrose Ave,Los Angeles, CA 90029

Los Angeles, CA 90029

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Description

6.11% Cap Rate | 11.01 GRM | Exempt from LA City Rent Control. Built in 1981 and fully renovated in 2024, 4071 Melrose Avenue is subject to California AB 1482 rent increases (5% + CPI) and located in East Hollywood/Virgil Village near Silver Lake. The existing unit mix consists of (5) 1-bed/1-bath units and (1) 2-bed/1-bath unit, featuring interior renovations with in-unit washer/dryers, mini-split HVAC, white oak flooring, custom cabinetry, and GE appliances. Additional features include new exterior stucco, paint, fencing, individual water heaters, and a Ratio Utility Billing System (RUBS). Situated on a 7,110 sq ft lot with up to 10 parking spaces, the property includes plans for two and four ADUs (1,141 sq ft 3B/2B and 716 sq ft 2B/2B) in the rear parking lot. The property also benefits from well-maintained major systems, including roof, plumbing, and electrical.

Details

MLS #SB26224115
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1981
Days On Site1
Listing Provided ByRobert Sillman | Robert Sillman

Features

SQ Feet4,024
Story(s)2
Units6
Building(s)1
Acreage0.16

Interior

CoolingHigh Efficiency, Wall Window Units
Cooling Yes / NoYes
Interior FeaturesBuilt In Features, Ceiling Fans
Fireplace Yes / NoNo

Exterior

Lot FeaturesZero To One Unit Acre

Parking

Parking FeaturesAssigned
Garage Yes / NoNo

Utilities

UtilitiesElectricity Available, Natural Gas Available, Sewer Available, Water Available
SewerPublic Sewer

Location

Community FeaturesCurbs

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90029
AreaC21 Silver Lake Echo Park
Listing VS Median (in 90029)
Price:
$2,100,000
low | high
Med:
$1,350,000
85.714285714286% of Average
sqft:
4,024
low | high
Med:
3,725
57.442842942346% of Average
$ / sqft:
$522
low | high
Med:
$472
59.4860229203% of Average
On site:
1
low | high
Med:
428.5
2% of Average
Sourced by Back At You

Market Activity 90029

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Coldwell Banker Home Source

Coldwell Banker Home Source

01902736 (760) 684-8100info@cbhomesource.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90029
AreaC21 Silver Lake Echo Park
Listing VS Median (in 90029)
Price:
$2,100,000
low | high
Med:
$1,350,000
85.714285714286% of Average
sqft:
4,024
low | high
Med:
3,725
57.442842942346% of Average
$ / sqft:
$522
low | high
Med:
$472
59.4860229203% of Average
On site:
1
low | high
Med:
428.5
2% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.575M - $2.625M
sqft: 3,000 - 5,000
Nearby Listings Property ImageNearby Listings Details
832 Hyperion Avenue Property Photo 1
$2,250,000
832 Hyperion Avenue
Los Angeles, CA 90029
Listing Updated: October 19, 2026 at 6:32:44 AM PDT

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