4071 Melrose Ave - Apartments FOR SALE
Los Angeles, CA 90029 |
4071 Melrose Ave
Los Angeles, CA 90029
HIGHLIGHTS
- Prime East Hollywood/Virgil Village location, adjacent to Silver Lake
- Fully Renovated 6-Unit: (5) 1-bed/1-bath & (1) 2-bed/1-bath
- Built in 1981 - Not Subject to LA RSO | 5% + CPI Annual Rent Increases
- Unit Renovations - stacked washer/dryers, mini-split HVAC systems, stainless steel GE appliances, white oak flooring & designer finishes
- RTI Plans for 2 ADUs - (1) 3-bed/2-bath & (1) 2-bed/2-bath unit
- After building the ADUs and factoring in construction costs, the property will operate at a 7.39% CAP as an 8-unit and 8.65% CAP as a 10-unit
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
4024
STORIES
2
YEAR BUILT
1981
PARKING SPACES
7
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
5539-020-032
