NOT LISTED FOR SALE

4867 Melrose Ave Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated Value: $1,032,000 - $1,260,000

0.17 Acre
$6,790,785 Price per Acre
7,266 Sq Ft Lot

Last Sold February 22, 2024

Last sale price $950,000 $450 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $7,021/month

35 Days on Market

About This Lot

As of February 2024

We are proud to exclusively present for sale a redevelopment opportunity in the Melrose Hill neighborhood of Los Angeles. Build 16+/- Residential Units plus ADUs by TOC or focus on 100% Affordable Housing and build approximately 32+/- Units. The 7,265 SF C1-1D Tier 2 Lot is located on Melrose Ave., between N. Oxford Ave. & Hobart Blvd. With easy access to the 101 freeway, this central location makes a commute to Downtown or anywhere in Los Angeles a breeze. Plan Check for Demoing the vacant SFR is completed and RTI! With an SB8 Replacement Unit Determination Letter stating that "No units are subject to replacement as an affordable 'protected unit' on this site", a Developer can build by right without needing to dedicate any units to low income/affordable housing. Or maximize density and go 100% Affordable Housing! This site is tucked in between Hollywood, East Hollywood and Koreatown - all of these areas in Los Angeles are going through tremendous redevelopment and all have great nightlife and amenities for future residents. Walk Score calls this area a Walker's Paradise! The home is currently boarded up and vacant (after some fire damage) and will be delivered vacant.

Last Agent to Sell the Property

Dario Svidler

Keller Williams Beverly Hills License #01884474 Listed on: 10/11/2023

Keller Williams Beverly Hills

Co-Listed By

Almog Strikowski

Keller Williams Beverly Hills License #01986816

Last Buyer's Agent

Dario Svidler

Keller Williams Beverly Hills License #01884474 Listed on: 10/11/2023

Keller Williams Beverly Hills

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,842

Lot Details

  • 7,266 Sq Ft Lot
  • Lot Dimensions are 50x145
  • Property is zoned C1-1D Tier 2

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 5535-029-008

Property Details

Property Type

Land

Est. Annual Taxes

$11,842

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1668
  • Lot Dimensions: 50x145
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5535-029-008
  • Lot Size Area: 7266
  • Possible New Zone: Build 32+/- Units in a 100% Affordable H
  • Potential Usage: Build 32+/- Units in a 100% Affordable Housing Project or Build 16+/- Units + ADUs by TOC
  • Present Use: Boarded up SFR with fire damage in detached garage area.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Feb 7, 2024
Sold by
Taylor Equities 22 Llc
Bought by
4867 Melrose Holdings Llc
Seller's Agent
Dario Svidler
Keller Williams Beverly Hills
Buyer's Agent
Dario Svidler
Keller Williams Beverly Hills
List Price
$995,000
Sold Price
$950,000
Premium/Discount to List
-$45,000
-4.52%
Views
38
Current Estimated Value
$1,132,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,703
Avg. Annual Appreciation
12.16%
Original Mortgage
$665,000
Outstanding Balance
$654,641
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$480,311

Purchase Details

Closed on
Dec 21, 2022
Sold by
Core Lending Inc
Bought by
Taylor Equities 22 Llc

Purchase Details

Closed on
Jul 5, 2022
Sold by
Zbs Law Llp
Bought by
Core Lending Inc

Purchase Details

Closed on
Feb 25, 2021
Sold by
Patel Sona
Bought by
Meirose Place Holding Llc

Purchase Details

Closed on
Jul 26, 2016
Sold by
Cha Andrew
Bought by
Patel Sona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2016
Sold by
Cha Kyung Book
Bought by
Cha Andrew

Purchase Details

Closed on
Mar 29, 2007
Sold by
Cha Andrew D
Bought by
Cha Andrew D and Andrew Du Cha Revocable Trust

Purchase Details

Closed on
Dec 31, 2002
Sold by
Cha Sang Hoon
Bought by
Cha Andrew Du

Purchase Details

Closed on
Aug 13, 2002
Sold by
Yang Tai Joon
Bought by
Cha Sang Hoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.43%

Purchase Details

Closed on
Jan 26, 2000
Sold by
Yang Tai J
Bought by
Yang Tai J and Yang Eun S
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
4867 Melrose Holdings Llc $950,000 Commonwealth Land Title Compan
Taylor Equities 22 Llc $940,000 Commonwealth Land Title
Core Lending Inc $1,064,061 Accommodation/Courtesy Recordi
Meirose Place Holding Llc -- California Best Title
Patel Sona $965,000 Provident Title
Cha Andrew -- Provident Title
Cha Andrew D -- None Available
Cha Andrew Du -- --
Cha Sang Hoon $395,000 Chicago Title
Yang Tai J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4867 Melrose Holdings Llc $665,000
Previous Owner Taylor Equities 22 Llc $564,000
Previous Owner Patel Sona $300,000
Previous Owner Patel Sona $660,000
Previous Owner Cha Andrew Du $383,070
Previous Owner Cha Andrew Du $412,500
Previous Owner Cha Sang Hoon $300,700
Previous Owner Yang Tai J $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $950,000 -4.5% $450 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $995,000 0.0% $472 / Sq Ft
12/05/2012 12/05/12 Rented $2,300 -6.1% --
12/05/2012 12/05/12 Under Contract -- -- --
11/13/2012 11/13/12 For Rent $2,450 -- --
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 $11,842 $969,000 $918,000 $51,000
2024 $11,842 $958,800 $953,700 $5,100
2023 $11,617 $940,000 $935,000 $5,000
2022 $21,641 $1,827,534 $1,020,000 $807,534
2021 $12,482 $1,034,671 $827,738 $206,933
2020 $12,609 $1,024,063 $819,251 $204,812
2019 $12,109 $1,003,985 $803,188 $200,797
2018 $11,987 $984,300 $787,440 $196,860
2016 $5,942 $483,259 $442,891 $40,368
2015 $5,856 $476,001 $436,239 $39,762
2014 $5,884 $466,678 $427,694 $38,984
Source: Public Records

Agents Affiliated with this Home

  • Dario Svidler

    Seller's Agent in 2024

    Dario Svidler

    Keller Williams Beverly Hills

    (424) 600-7633

    10 in this area

    55 Total Sales

    Dario Svidler
    Section Image
  • Almog Strikowski

    Seller Co-Listing Agent in 2024

    Almog Strikowski

    Keller Williams Beverly Hills

    (310) 272-8002

    2 in this area

    11 Total Sales

    Almog Strikowski
    Section Image

  • A

    Seller's Agent in 2012

    Andrew Cha

    Andrew Cha

    (213) 388-8989

    8 Total Sales

    Andrew Cha
    Section Image
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Map

Source: The MLS

MLS Number: 23-320399

The MLS

APN: 5535-029-008

California Los Angeles County Los Angeles 90004 East Hollywood

4867 Melrose Ave, Los Angeles, CA

This home is located at 4867 Melrose Ave, Los Angeles, CA 90029 since 11 October 2023 and is currently estimated at $1,132,703, approximately $536 per square foot. 4867 Melrose Ave is a home located in Los Angeles County with nearby schools including Kingsley Elementary School, Joseph Le Conte Middle School, and STEM Academy at Bernstein High.

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The MLS © 2025 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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