NOT LISTED FOR SALE

4362 Melrose Ave Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated Value: $1,597,218

4 Beds
4 Baths
4,098 Sq Ft
$390/Sq Ft Est. Value

Last Sold January 27, 2022

Last sale price $1,420,000 $347 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $10,052/month

20 Days on Market

About This Home

As of January 2022

4362 Melrose Ave is a 5 Unit mixed use asset located in East Hollywood. The property consists of four(4) one-bedroom units and one(1) 1,260 sqft commercial unit. The commercial unit is currently on a month to month lease with a church. This property is ideal for an investor, or owner/user, to achieve higher than average rents and still add value with 18% upside in current rents. This property also has development friendly LAC2 zoning in both an OPPORTUNITY ZONE and a TIER 3 T.O.C bonus density. 4362 Melrose Ave is a 4 minute walk to Los Angeles City College and is situated for convenient access to the 101(Hollywood) Freeway. Please do not disturb the tenants. All showings will be subject to an accepted offer.

Last Agent to Sell the Property

Chase Simonton

RE/MAX One License #01766871 Listed on: 09/16/2021

RE/MAX One

Co-Listed By

Robert Carlile

RE/MAX One License #02066811

Last Buyer's Agent

Nicole Kilmer

Compass License #01954162

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,502

Year Built

  • Built in 1913

Lot Details

  • 7,982 Sq Ft Lot
  • North Facing Home

Parking

  • On-Street Parking

Home Design

  • 4,098 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window

Community Details

  • 3 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5538-031-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,502

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4098
  • Lot Acreage: 0.1832
  • Year Built: 1913
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 346.51

Exterior Features

  • Direction Faces: North
  • Other Structures: None

Garage/Parking

  • Parking Garage: On street

Utilities

  • Cooling: Wall/Window
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 43.01
  • Assessed Improvement Value: 247496
  • Assessed Land Percent: 56.99
  • Assessed Land Value: 328008
  • Total Assessed Value: 575504
  • Assessor Parcel Number: 5538-031-026
  • Lot Size Area: 7982

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 15.19
  • Number Of Units: 5
  • Total Annual Expense: 36039
  • Type Of Units: Mixed Use
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Mar 3, 2022
Sold by
Stayner Gilbert A and De Ted
Bought by
Melrose Holdings Llc
Seller's Agent
Chase Simonton
RE/MAX One
Buyer's Agent
Nicole Kilmer
Compass
List Price
$1,420,000
Sold Price
$1,420,000
Current Estimated Value
$1,597,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,218
Avg. Annual Appreciation
2.51%

Purchase Details

Listed on
Sep 16, 2021
Closed on
Dec 7, 2021
Sold by
Melrose101 Llc
Bought by
Gilbert A Stayner And Teri Fox-Stayner Declar and Fox Teri
Seller's Agent
Chase Simonton
RE/MAX One
Buyer's Agent
Nicole Kilmer
Compass
List Price
$1,420,000
Sold Price
$1,420,000

Purchase Details

Closed on
Feb 16, 2011
Sold by
Allen Dolores M and Allen Rodolfo J
Bought by
Melrose101 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.77%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 5, 1997
Sold by
Allen Rodolfo J and Allen Dolores M
Bought by
Allen Rodolfo J and Allen Dolores M
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Melrose Holdings Llc -- Laguna Legal Inc
Gilbert A Stayner And Teri Fox-Stayner Declar $1,420,000 Priority Title
Melrose101 Llc $300,003 None Available
Allen Rodolfo J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Melrose 101 Llc $200,000
Previous Owner Melrose101 Llc $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2022 01/27/22 Sold $1,420,000 0.0% $347 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $1,420,000 -- $347 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,502 $1,506,914 $1,400,794 $106,120
2024 $18,502 $1,477,368 $1,373,328 $104,040
2023 $18,150 $1,448,400 $1,346,400 $102,000
2022 $7,682 $593,095 $338,034 $255,061
2021 $7,572 $581,466 $331,406 $250,060
2020 $7,639 $575,504 $328,008 $247,496
2019 $7,358 $564,221 $321,577 $242,644
2018 $7,169 $553,159 $315,272 $237,887
2016 $6,825 $531,681 $303,031 $228,650
2015 $6,731 $523,696 $298,480 $225,216
2014 $6,762 $513,439 $292,634 $220,805
Source: Public Records

Agents Affiliated with this Home

  • Chase Simonton

    Seller's Agent in 2022

    Chase Simonton

    RE/MAX

    (310) 383-5927

    5 in this area

    81 Total Sales

    Chase Simonton
    Section Image
  • Robert Carlile

    Seller Co-Listing Agent in 2022

    Robert Carlile

    RE/MAX

    (818) 346-7362

    1 in this area

    15 Total Sales

    Robert Carlile
    Section Image
  • Nicole Kilmer

    Buyer's Agent in 2022

    Nicole Kilmer

    Compass

    (877) 973-3346

    1 in this area

    59 Total Sales

    Nicole Kilmer
    Section Image
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Map

Source: The MLS

MLS Number: 21-784542

The MLS

APN: 5538-031-026

California Los Angeles County Los Angeles 90004 East Hollywood

4362 Melrose Ave, Los Angeles, CA

This home is located at 4362 Melrose Ave, Los Angeles, CA 90029 since 16 September 2021 and is currently estimated at $1,597,218, approximately $389 per square foot. This property was built in 1913. 4362 Melrose Ave is a home located in Los Angeles County with nearby schools including Alexandria Avenue Elementary School, Virgil Middle School, and STEM Academy at Bernstein High.

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