4071 Melrose Ave Apt 1
Los Angeles, CA 90029
-- Bed
-- Bath
- Sq Ft
40 Days on Market
For Sale $2,750,000
Request tour
Save
Courtesy of Lyon Stahl Investment Real Estate, Inc.

Listing Agent & Comments

Robert SillmanLyon Stahl Investment Real Estate, Inc.
310-908-5092bobby@lyonstahl.com License #02145409
Welcome to 4071 Melrose Avenue, a fully leased and fully renovated 6-unit apartment building located in East Hollywood/Virgil Village adjacent to Silver Lake. Built in 1981, the property is not subject to LA RSO, only statewide rent control AB 1482, which allows for annual rent increases of 5% + CPI (approx. 8.9%). The 4,024 sqft building features (5) 1-bed/1-bath units and (1) 2-bed/1-bath and is complemented by a large 7,110 sqft lot that offers space for up to 4 ADUs in the rear parking lot that fits up to 10 cars. Recent 2024 upgrades to the units comprise of in-unit stacked washer/dryers, mini-split HVAC systems, recessed lighting, stainless steel GE appliances, white oak flooring, custom cabinetry, and designer tile and countertops in the kitchens and bathrooms. Additional improvements include a Ratio Utility Billing System (RUBS) that charges tenants back for their share of utilities, and new exterior stucco, painting, and fencing. Beneficial to the buyer, there are RTI permits for 2 ADUs, (1) 1,141 sqft 3-bed/2-bath & (1) 716 sqft 2-bed/2-bath unit. After building the ADUs and factoring in construction costs, the property will operate at a 6.42% CAP as an 8-unit and 7.48% CAP as a 10-unit. With its prime location, this non-rent controlled property offers an excellent opportunity for a local investor seeking a low-maintenance, like-new building with value-add potential through RTI plans and the possibility of adding up to 4 ADUs via SB 1211. Buyer to investigate & verify all information, including, but not limited to, bed/bath count, square footages, permits, rent control, ADUs, and potential uses.

MLS# SB25000692 • Data provided by CRMLS
Additional home details
Living Area--
Lot Size7,109 Sq.Ft.
Total Rooms--
Bedrooms--
Bathrooms--
Stories2
Year Built1981
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties, forecast, rental estimate, and sale history
New
Do you own this home?
Access your homeowner dashboard
house

HouseCanary, Inc. Brokerage

4071 Melrose Ave., Apt. 1, Los Angeles, CA 90029

Multifamily
-- Bed
-- Bath
- Sq Ft
40 Days on Market

Listing Agent & Comments

Robert SillmanLyon Stahl Investment Real Estate, Inc.
310-908-5092bobby@lyonstahl.com License #02145409
Welcome to 4071 Melrose Avenue, a fully leased and fully renovated 6-unit apartment building located in East Hollywood/Virgil Village adjacent to Silver Lake. Built in 1981, the property is not subject to LA RSO, only statewide rent control AB 1482, which allows for annual rent increases of 5% + CPI (approx. 8.9%). The 4,024 sqft building features (5) 1-bed/1-bath units and (1) 2-bed/1-bath and is complemented by a large 7,110 sqft lot that offers space for up to 4 ADUs in the rear parking lot that fits up to 10 cars. Recent 2024 upgrades to the units comprise of in-unit stacked washer/dryers, mini-split HVAC systems, recessed lighting, stainless steel GE appliances, white oak flooring, custom cabinetry, and designer tile and countertops in the kitchens and bathrooms. Additional improvements include a Ratio Utility Billing System (RUBS) that charges tenants back for their share of utilities, and new exterior stucco, painting, and fencing. Beneficial to the buyer, there are RTI permits for 2 ADUs, (1) 1,141 sqft 3-bed/2-bath & (1) 716 sqft 2-bed/2-bath unit. After building the ADUs and factoring in construction costs, the property will operate at a 6.42% CAP as an 8-unit and 7.48% CAP as a 10-unit. With its prime location, this non-rent controlled property offers an excellent opportunity for a local investor seeking a low-maintenance, like-new building with value-add potential through RTI plans and the possibility of adding up to 4 ADUs via SB 1211. Buyer to investigate & verify all information, including, but not limited to, bed/bath count, square footages, permits, rent control, ADUs, and potential uses.

MLS# SB25000692 • Data provided by CRMLS
Additional home details
Living Area--
Lot Size7,109 Sq.Ft.
Total Rooms--
Bedrooms--
Bathrooms--
Stories2
Year Built1981
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties, forecast, rental estimate, and sale history
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $2,750,000
Request tour
Save
Courtesy of Lyon Stahl Investment Real Estate, Inc.
4071 Melrose Ave Apt 1
Los Angeles, CA 90029
-- Bed
-- Bath
- Sq Ft
40 Days on Market

Listing Agent & Comments

Robert SillmanLyon Stahl Investment Real Estate, Inc.
310-908-5092bobby@lyonstahl.com License #02145409
Welcome to 4071 Melrose Avenue, a fully leased and fully renovated 6-unit apartment building located in East Hollywood/Virgil Village adjacent to Silver Lake. Built in 1981, the property is not subject to LA RSO, only statewide rent control AB 1482, which allows for annual rent increases of 5% + CPI (approx. 8.9%). The 4,024 sqft building features (5) 1-bed/1-bath units and (1) 2-bed/1-bath and is complemented by a large 7,110 sqft lot that offers space for up to 4 ADUs in the rear parking lot that fits up to 10 cars. Recent 2024 upgrades to the units comprise of in-unit stacked washer/dryers, mini-split HVAC systems, recessed lighting, stainless steel GE appliances, white oak flooring, custom cabinetry, and designer tile and countertops in the kitchens and bathrooms. Additional improvements include a Ratio Utility Billing System (RUBS) that charges tenants back for their share of utilities, and new exterior stucco, painting, and fencing. Beneficial to the buyer, there are RTI permits for 2 ADUs, (1) 1,141 sqft 3-bed/2-bath & (1) 716 sqft 2-bed/2-bath unit. After building the ADUs and factoring in construction costs, the property will operate at a 6.42% CAP as an 8-unit and 7.48% CAP as a 10-unit. With its prime location, this non-rent controlled property offers an excellent opportunity for a local investor seeking a low-maintenance, like-new building with value-add potential through RTI plans and the possibility of adding up to 4 ADUs via SB 1211. Buyer to investigate & verify all information, including, but not limited to, bed/bath count, square footages, permits, rent control, ADUs, and potential uses.

MLS# SB25000692 • Data provided by CRMLS
Additional home details
Living Area--
Lot Size7,109 Sq.Ft.
Total Rooms--
Bedrooms--
Bathrooms--
Stories2
Year Built1981
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties, forecast, rental estimate, and sale history
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $2,750,000
Request tour
Save
Courtesy of Lyon Stahl Investment Real Estate, Inc.