5139 Melrose Avenue

    Los Angeles (City), CA 90038
    • $4,050,000
    • STATUS: Active
    • ON SITE: 143 days
    • ID#: SR18179609
    UPDATED: 75 min ago
    $4,050,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,677
      SQFT
    • $319
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    Melrose Studios is made up of 22 charming units (2 buildings) constructed in the 1920's located in the highly desirable Hollywood sub market with rare frontage on the famous Melrose Ave and a couple blocks from Larchmont/studios. Melrose Studios offer(s) an investor an excellent value add opportunity in a strong sub market with high rental demand and constant gentrification/new development. Possible Assumption of Existing loan at favorable rate.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T20:27:09.063. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.impactca.com/homes/85958232

    5139 Melrose Avenue Los Angeles (City), CA 90038

    • Price: $4,050,000
    • Status: Active
    • Updated: 75 min ago
    • ID#: SR18179609
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    12,677
    SQFT
    $319
    $/SQFT
    1928
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Melrose Studios is made up of 22 charming units (2 buildings) constructed in the 1920's located in the highly desirable Hollywood sub market with rare frontage on the famous Melrose Ave and a couple blocks from Larchmont/studios. Melrose Studios offer(s) an investor an excellent value add opportunity in a strong sub market with high rental demand and constant gentrification/new development. Possible Assumption of Existing loan at favorable rate.
    Exterior Features

    Garage Spaces 0.00 Lot Features Lawn Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Individual Room Levels Three Or More

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 291523.00 Gross Scheduled Income 291523.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 173990.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 22 Number Of Separate Gas Meters 22 Number Of Separate Water Meters 1 Operating Expense 111427.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 11427.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lac4

    Listing provided courtesy of Jared Levine of Keller Williams Realty Calabasas.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T20:27:09.063. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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