$1,849,000
$41K PRICE DROP

844 N Poinsettia Place Los Angeles, CA 90046

Melrose Neighborhood

Estimated payment $10,808/month

Total Views 783
4 Beds
4 Baths
1,991 Sq Ft
$929 Price per Sq Ft

Highlights

  • Craftsman Architecture
  • Parking Storage or Cabinetry
  • Auto Driveway Gate
  • 2 Car Garage
  • Central Heating and Cooling System
  • 3-minute walk to Poinsettia Recreation Center

About This Home

Price Improvement!!!!!!Attention all investors, developers and owner/users!! Opportunities knock for owning greatly appointed bungalow style duplex in LAR3 zoning with 3 bed 3 bath front unit and 1 bed 1 bath back unit. Property located in the Melrose neighborhood of LA on the border of West Hollywood. Both units in move in condition with granite countertops kitchens, tiled bathrooms, hardwood floors, central HVAC system, and ample amount of closet spaces. Separate water heaters, gas and electric meters, a tranquil backyard, and a garage with storage and small office. This is a fantastic opportunity for an Owner/User to live in one unit and use the rent from the tenants to offset their mortgage or a value-added operator who would construct ADUs to stabilize the property for a higher rate of return, or a developer, who can build multi units. Located in a vibrant and trendy Los Angeles neighborhood. This prime location offers residents easy access to lively nightlife, diverse entertainment venues, cultural hotspots, and trendy dining options for which the area is renowned. The area is densely populated and close proximity of trendy shops, delicious eateries, parks, and entertainment options.

Listing Agent

Ellen Urman

Nelson Shelton & Associates License #01291855 Listed on: 06/02/2025

Nelson Shelton & Associates

Co-Listing Agent

Alla Zakharova

Nelson Shelton & Associates License #01233148

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,799

Year Built

  • Built in 1942

Lot Details

  • 7,620 Sq Ft Lot

Parking

  • 2 Car Garage
  • Parking Storage or Cabinetry
  • Auto Driveway Gate

Home Design

  • Duplex
  • Craftsman Architecture

Interior Spaces

  • 1,991 Sq Ft Home
  • 1-Story Property
  • Dishwasher
  • Gas And Electric Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Sewer in Street

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5525-001-058

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,799

Year Built

Built in 1942

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1991
  • Lot Acreage: 0.1749
  • Stories: 1
  • Year Built: 1942
  • Number Of Photos: 41
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 928.68

Exterior Features

  • Other Structures: Other
  • Pool: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Garage Structures: 1
  • Parking Garage: Garage Is Detached, Private Garage, Driveway Gate, Built-In Storage
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Sewer: In Street Paid
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 36.44
  • Assessed Improvement Value: 195215
  • Assessed Land Percent: 63.56
  • Assessed Land Value: 340429
  • Total Assessed Value: 535644
  • Assessor Parcel Number: 5525-001-058
  • Lot Size Area: 7620

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 100

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $6,799 $535,644 $340,429 $195,215
2023 $6,675 $525,142 $333,754 $191,388
2022 $6,378 $514,846 $327,210 $187,636
2021 $6,290 $504,752 $320,795 $183,957
2019 $6,108 $489,782 $311,281 $178,501
2018 $5,984 $480,179 $305,178 $175,001
2016 $5,712 $461,535 $293,329 $168,206
2015 $5,630 $454,603 $288,923 $165,680
2014 $5,667 $445,699 $283,264 $162,435
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Price Changed $1,849,000 0.0% $929 / Sq Ft
07/15/2025 07/15/25 For Sale $1,849,000 -0.1% $929 / Sq Ft
06/19/2025 06/19/25 Price Changed $1,849,999 -2.1% $929 / Sq Ft
06/02/2025 06/02/25 For Sale $1,889,999 0.0% $949 / Sq Ft
05/15/2025 05/15/25 Pending -- -- --
04/03/2025 04/03/25 For Sale $1,889,999 -- $949 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Equity Title
Individual Deed $321,500 Equity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 Stand Alone First
Open $273,000 Unknown
Closed $257,200 No Value Available
Source: Public Records

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Source: The MLS

MLS Number: 25518849

The MLS

APN: 5525-001-058