NOT LISTED FOR SALE

4422 Melbourne Ave Unit 5 Los Angeles, CA 90027

Los Feliz Neighborhood

Estimated Value: $1,071,000 - $2,318,000

2 Beds
2 Baths
950 Sq Ft
$1,793/Sq Ft Est. Value

Highlights

  • Newly Remodeled
  • Two Primary Bedrooms
  • Open Floorplan
  • Franklin Avenue Elementary Rated A-
  • Two Primary Bathrooms
  • Midcentury Modern Architecture

About This Home

As of August 2024

Don't miss this stunning newly constructed 2 bed 2 bath ADU in prime Los Feliz just off of Hillhurst Ave! Mid-Century style building has been completely refreshed and "New York' style apartment occupies the entire bottom floor. Enter through private entrance with keyless entry into hall suite with storage room and laundry room with full size washer/dryer. Upon entering unit find an open concept floor plan with spacious living room. Chef's kitchen features large center island with room for 4 barstools, new stainless steel appliances including refrigerator, gas stove, dishwasher, european cabinetry, quartz countertops with custom tile backsplash. Home has wide plank hardwood style flooring throughout, recessed lighting, designer paint colors, new windows and blinds. Enjoy new strong AC/Heaters mini splits located in every room. Each bedroom has mirrored closet doors and their own AC/ Heating units and luxurious bathrooms that have gorgeous finishes. Street parking. Pets are welcome! Fabulous location right around corner from Home Restaurant and all the hip services, stores and restaurants Los Feliz has to offer.

Last Agent to Rent the Property

Elizabeth Welchman

Core Real Estate Group License #01824923 Listed on: 07/12/2024

Core Real Estate Group

Last Renter's Agent

Elizabeth Welchman

Core Real Estate Group License #01824923 Listed on: 07/12/2024

Core Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,705

Year Built

  • Built in 1961 | Newly Remodeled

Lot Details

  • 6,741 Sq Ft Lot
  • Property is zoned LAR2

Home Design

  • Midcentury Modern Architecture
  • Entry on the 1st floor

Interior Spaces

  • 950 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Blinds
  • Living Room
  • Storage
  • Vinyl Plank Flooring

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Gas Oven
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Double Master Bedroom
  • Mirrored Closets Doors
  • Two Primary Bathrooms
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Air Conditioning
  • Heat Pump System
  • Tankless Water Heater

Community Details

  • Low-Rise Condominium

Listing and Financial Details

  • Security Deposit $3,000
  • Tenant pays for gas, electricity
  • Rent includes trash collection, water, gardener
  • 12 Month Lease Term
  • Assessor Parcel Number 5590-023-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,705

Year Built

Built in 1961 | Newly Remodeled

Lot Details

0

Rental Info

  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Rent Includes: Trash Collection, Water, Gardener
  • Security Deposit: 3000
  • Tenant Pays: Gas, Electricity

Listing Details

  • Property Type: Residential Lease
  • Style: Mid-Century
  • Single Family Or Apt: 3343
  • Levels: One
  • Street Number Display: Yes
  • Entry Floor: 1
  • Entry Location: Foyer
  • Lease Terms: 1-Year
  • Living Area: 950
  • Lot Acreage: 0.1548
  • Property Condition: New Construction
  • Year Built: 1961
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Interior Amenities: Recessed Lighting, Storage Space, Open Floor Plan, Mirrored Closet Door(s)
  • Flooring: Vinyl Plank
  • Appliances: Oven-Gas
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: 2 Master Bedrooms
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths, Shower and Tub, Shower Stall
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: In Kitchen, Kitchen Island, Breakfast Counter / Bar
  • Kitchen Features: Quartz Counters, Open to Family Room
  • Laundry: Room, In Unit, Inside
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Refrigerator, Range/Oven, Washer, Ceiling Fan
  • Price Per S Q F T: 3.16
  • Windows: Double Pane Windows, Window Blinds

Exterior Features

  • Pool: No
  • View: No

Utilities

  • Water Heater: Tankless
  • Cooling: Air Conditioning, Heat Pump(s)
  • Heating: Heat Pump
  • Security: Carbon Monoxide Detector(s), Smoke Detector

Association/Amenities

  • Pet Rules: Yes

Condo/Co-op/Association

  • Unit Location: bottom

Lot Info

  • Assessor Parcel Number: 5590-023-011
  • Lot Size Area: 6741

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2021
Sold by
Zarouhi Magpapian Living Trust and The Zarouhi Magpapian Living T
Bought by
624 Park Llc
Current Estimated Value
$1,703,171

Purchase Details

Closed on
Feb 11, 2013
Sold by
Magpapian Zarouhi
Bought by
Magpapian Zarouhi and Zarouhi Magpapian Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2011
Sold by
Magpapian Zarouhi
Bought by
Magpapian Zarouhi and Zarouhi Magpapian Living Trust

Purchase Details

Closed on
Dec 17, 2008
Sold by
Magpapian Akop and Magpapian Zarouhi
Bought by
Magpapian Akop

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.03%
Mortgage Type
New Conventional
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
624 Park Llc $1,450,000 Chicago Title
Magpapian Zarouhi -- Accommodation
Magpapian Zarouhi -- North American Title Co Inc
Magpapian Zarouhi -- None Available
Magpapian Akop -- Landamerica Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magpapian Zarouhi $690,000
Previous Owner Magpapian Akop $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2024 08/02/24 Rented $3,000 0.0% --
07/30/2024 07/30/24 Under Contract -- -- --
07/23/2024 07/23/24 Price Changed $3,000 -9.0% $3 / Sq Ft
07/12/2024 07/12/24 For Rent $3,295 -- --
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 $25,705 $2,122,415 $1,485,691 $636,724
2024 $25,705 $2,080,800 $1,456,560 $624,240
2023 $25,209 $2,040,000 $1,428,000 $612,000
2022 $28,703 $2,400,000 $1,800,000 $600,000
2021 $10,169 $807,334 $484,404 $322,930
2019 $9,873 $783,390 $470,038 $313,352
2018 $9,733 $768,030 $460,822 $307,208
2016 $9,246 $738,209 $442,929 $295,280
2015 $9,115 $727,121 $436,276 $290,845
2014 $9,165 $712,878 $427,730 $285,148
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Welchman

    Landlord's Agent in 2024

    Elizabeth Welchman

    Core Real Estate Group

    (310) 666-9682

    9 Total Sales

    Elizabeth Welchman
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Map

Source: The MLS

MLS Number: 24-414321

The MLS

APN: 5590-023-011

California Los Angeles County Los Angeles 90027 Los Feliz

4422 Melbourne Ave Unit 5, Los Angeles, CA

This home is located at 4422 Melbourne Ave Unit 5, Los Angeles, CA 90027 since 12 July 2024 and is currently priced at $1,703,171. This property was built in 1961. 4422 Melbourne Ave Unit 5 is a home located in Los Angeles County with nearby schools including Franklin Avenue Elementary, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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