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4319 Melbourne

Los Angeles, CA 90027
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$1,479,000 $6,235/Mo
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Bed 4

Bed

Bath 2

Bath

SqFt6,750

Sqft(Lot)

CALLING ALL DEVELOPERS, BUILDERS & SAVVY INVESTORS! RARE Franklin Hills property located in LOS FELIZ this DEVELOPMENT OPPORTUNITY — LARGE, FLAT R2 LOT WITH TWO EXISTING HOMES & IN-PLACE RENTAL INCOME. Unlock the potential of this exceptional Los Feliz property featuring two separate residences on one expansive, flat R2-zoned lot. With tenants currently in place and generating immediate monthly income, this property offers the rare combination of cash flow today and substantial development potential. Whether your vision is ground-up development, maximizing the existing lot, renovating and repositioning the current residences, or holding a valuable Los Angeles asset for long-term appreciation, this property presents an exciting opportunity in one of the city's most sought-after neigh borhoods. LAND. LOCATION. INCOME. UPSIDE. Opportunities offering all four are increasingly difficult to find. Bring your architects, builders, and investment team and explore the possibilities. This is a true Los Feliz value-add and development play with multiple paths to maximize returns.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,479,000

AD Id : 91730851

MLS Id : BB26215486

Beds : 4

Lot Size : 6,750 Sq. Ft

Year Built : 1908

County : Los Angeles

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Feature Features

  • Interior Features

    Appliances: Dryer, Washer

  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits

  • Building Information

    Year Built: 1908
    Building Area Total: 1750
    Stories: 1
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 6750 Lot Size Acres: 0.155 Lot Size Source: PublicRecords Lot Size Square Feet: 6,750 Lot Description: FrontYard

  • Listing Price Information

    Listing Price: $1479000
    CashToNewLoan

  • Tax Information

    Parcel Number: 5591024021 Tax Lot: 90

  • Parking Information

    Parking Total: 3

  • Location Information

    Direction: Vermont or Hillhurst to Melbourne, South of Franklin, North of Prospect WaterSource: Public
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Nearby Home Value

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1325 Talmadge Street, Los Angeles, CA, 90027 $1,249,000 3 2 1,413 6,253 Sq. Ft
1417 N Kenmore, Los Angeles, CA, 90027 $1,300,000 7 4 -- 6,899 Sq. Ft
5110 Harold Way, Los Angeles, CA, 90027 $6,240,000 29 33 21,122 17,906 Sq. Ft
1646 N Harvard, Los Angeles, CA, 90027 $2,300,000 1 1 -- 8,490 Sq. Ft

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/10/2026 @ 22:56

MLS: BB26215486 LISTED BY: Joyce Starleaf, Equity Union 818-989-2000 SOURCE: CRMLS

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