NOT LISTED FOR SALE

4015 Melrose Ave Los Angeles, CA 90029

East Hollywood Neighborhood
44 Beds
44 Baths
27,796 Sq Ft
9,309 Sq Ft Lot

Last Sold December 23, 2021

Last sale price $7,450,000 $268 Per Sq Ft

102 Days on Market

About This Home

As of December 2021

This is a great opportunity to purchase a value-add apartment building in the desirable Virgil Village neighborhood of East Hollywood. Adjacent to Silverlake, this striking 4-story structure features 44 units iwth a diverse unit mix, an elevator, laundry room, separately metered electric and a solar water heating system.

Last Agent to Sell the Property

Bryan Glenn

Kidder Mathews of California, Inc. License #01441095 Listed on: 06/24/2021

Last Buyer's Agent

Janet Neman

Kidder Mathews of California, Inc. License #01069127

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 9,309 Sq Ft Lot
  • Lot Dimensions are 60x155

Interior Spaces

  • 27,796 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Laundry Room

Bedrooms and Bathrooms

  • 44 Bedrooms
  • 44 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 44 Units

Listing and Financial Details

  • Assessor Parcel Number 5539-020-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 27796
  • Lot Acreage: 0.2137
  • Lot Dimensions: 60x155
  • Stories: 4
  • Year Built: 1928
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 44
  • Laundry: Laundry Area
  • Total Bathrooms: 44.00
  • Equipment: Elevator
  • Price Per S Q F T: 282.41

Exterior Features

  • Other Structures: None

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Percent: 45.11
  • Assessed Improvement Value: 430036
  • Assessed Land Percent: 54.89
  • Assessed Land Value: 523213
  • Total Assessed Value: 953249
  • Assessor Parcel Number: 5539-020-014
  • Lot Size Area: 9309

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.97
  • Number Of Units: 44
  • Total Annual Expense: 274623
  • Type Of Units: Apartments
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2021 12/23/21 Sold $7,450,000 -5.1% $268 / Sq Ft
10/04/2021 10/04/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $7,850,000 +5.4% $282 / Sq Ft
08/27/2021 08/27/21 Off Market $7,450,000 -- --
07/12/2021 07/12/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $7,850,000 -- $282 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Bryan Glenn

    Kidder Mathews of California, Inc.

    (858) 369-3010

    1 in this area

    15 Total Sales

    Bryan Glenn
    Section Image

  • J

    Buyer's Agent in 2021

    Janet Neman

    Kidder Mathews of California, Inc.

    (310) 926-5181

    1 in this area

    15 Total Sales

    Janet Neman
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-753634

The MLS
California Los Angeles County Los Angeles 90004 East Hollywood

4015 Melrose Ave, Los Angeles, CA

This home is located at 4015 Melrose Ave, Los Angeles, CA 90029 since 24 June 2021. This property was built in 1928. 4015 Melrose Ave is a home located in Los Angeles County with nearby schools including Dayton Heights Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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