NOT LISTED FOR SALE

4551 Melbourne Ave Los Angeles, CA 90027

Los Feliz Neighborhood

Estimated Value: $2,135,000 - $2,168,762

7 Beds
5 Baths
-- Sq Ft
6,749 Sq Ft Lot Lot

Sale Details

Date Sold: March 9, 2015

Last sale price $1,200,000

Est. 79% increase in value since last sale

Current estimated payment $12,815 / mo

2 Days on Market

About This Home

As of March 2015

We are proud to present the exclusive listing of 4551 Melbourne Ave, Los Angeles, CA 90027. This charming, five unit property is located in prime Los Feliz just south of Franklin, between Vermont and Hillhurst. The property features a terrific unit mix of one and two bedroom apartments that consist of a duplex and triplex on one lot. There is significant upside in the rents and this property also has tremendous potential to be a stunning character property.

Last Agent to Sell the Property

Zac Freehling

Keller Williams Beverly Hills License #01879326 Listed on: 12/15/2014

Keller Williams Beverly Hills

Last Buyer's Agent

Zac Freehling

Keller Williams Beverly Hills License #01879326 Listed on: 12/15/2014

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,749

Home Design

Additional Features

  • 2-Story Property
  • 6,749 Sq Ft Lot

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5590-019-022

Property Details

Home Type

Multi-Family

Lot Details

6,749 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Stories: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Lot Info

  • Assessor Parcel Number: 5590-019-022
  • Geocode Override: No
  • Lot Size Area: 6749

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Number Of Units: 5
  • Type Of Units: Dupl & Tripl

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2014
Closed on
Jan 23, 2015
Sold by
Campbell Arthur M and Campbell Jayne M
Bought by
Ortiz Michael A and Jimenez Margarita Susana
Seller's Agent
Zac Freehling
Keller Williams Beverly Hills
Buyer's Agent
Zac Freehling
Keller Williams Beverly Hills
List Price
$1,200,000
Sold Price
$1,200,000
Current Estimated Value
$2,151,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$951,881
Avg. Annual Appreciation
5.39%
Original Mortgage
$700,000
Outstanding Balance
$529,183
Interest Rate
3.57%
Mortgage Type
Negative Amortization
Estimated Equity
$1,622,698

Purchase Details

Closed on
Jun 4, 2003
Sold by
Woo Chun W and Woo Kit
Bought by
Campbell Arthur M and Campbell Jayne M

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
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 26, 2002
Sold by
Sit Woo Chun Wai and Sit Woo Kit Oi
Bought by
Woo Chun W and Woo Kit
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ortiz Michael A $1,200,000 Ticor Title Company
Campbell Arthur M $510,000 California Title Co
Woo Chun W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz Michael A $700,000
Previous Owner Campbell Arthur M $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2015 03/09/15 Sold $1,200,000 0.0% --
12/17/2014 12/17/14 Pending -- -- --
12/15/2014 12/15/14 For Sale $1,200,000 -- --
Source: The MLS

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 $17,820 $1,442,211 $1,153,771 $288,440
2024 $17,820 $1,413,934 $1,131,149 $282,785
2023 $17,484 $1,386,211 $1,108,970 $277,241
2022 $16,689 $1,359,031 $1,087,226 $271,805
2021 $16,481 $1,332,384 $1,065,908 $266,476
2019 $16,000 $1,293,807 $1,034,294 $259,513
2018 $15,922 $1,268,457 $1,014,014 $254,443
2016 $15,180 $1,218,300 $974,640 $243,660
2015 $7,986 $614,586 $488,057 $126,529
2014 $8,041 $602,548 $478,497 $124,051
Source: Public Records

Agents Affiliated with this Home

  • Zac Freehling

    Seller's Agent in 2015

    Zac Freehling

    Keller Williams Beverly Hills

    (310) 829-3939

    2 in this area

    23 Total Sales

    Zac Freehling
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Map

Source: The MLS

MLS Number: 14-816349

The MLS

APN: 5590-019-022

California Los Angeles County Los Angeles 90027 Los Feliz

4551 Melbourne Ave, Los Angeles, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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