4319 Melbourne, Los Angeles, CA 90027
4319 Melbourne, Los Angeles, CA 90027
4319 Melbourne, Los Angeles, CA 90027
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
Listed by Joyce Starleaf, DRE #00782682 • Equity Union
$1,429,000
Est. payment /mo
6,750 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRBB26215486

Year Built 1908

Lot Size 6,750 Sqft

Property Sub-Type Duplex

Source California Regional MLS

Property Description

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 neighborhoods. 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.

Location

State CA

County Los Angeles

Area 637 - Los Feliz

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Laundry Washer, Dryer

Exterior

Garage Spaces 3.0

Pool 31, None

Building

Story One Story

Water District - Public

Others

Tax ID 5591024021

Special Listing Condition Not Applicable

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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