4319 Melbourne Ave Los Angeles, CA 90027

Multi-Family (2-4 Units) MLS #: 24-467241 Courtesy Of Keller Williams Larchmont

$1,259,000

4 beds | 1,750 sq ft
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Estimated monthly payments: $5,504/mo.* (recalculate)

Property InformationDescription

Ask me for the FliPro report for maximum build and development potential! Per the report "By Right", "Transit Bonus" and "Density Bonus" all apply. Prime Los Feliz Location on a Charming Tree-lined Street. This property boasts two detached units situated on a generous, flat R2 lot spanning over 6,750 sq. ft., offering incredible potential for investors or developers with an exceptional opportunity for renovation or redevelopment. Currently income-producing with tenants in place, the property also allows the option to live in one unit while earning rental income from the other. The seller is offering attractive carryback financing below current rates, and is also open to cash offers or a standard loan. Please note there are no existing plans or permits. Unit #1, full of character, was built in 1908, while Unit #2 was added in 1955. Contact the agent to schedule an appointment. Blind offers will not be considered.

Features

  • Age: Over 50 Years Old
  • Amenities: Dock
  • Architecture Style: Cottage
  • Floor Covering: Linoleum, Wood
  • Lot Size: 0.16 Acres

MAP & DIRECTIONS

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4319 Melbourne Ave, Los Angeles, CA 90027
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School Information

4319 Melbourne Ave, Los Angeles, CA 90027

Elementary School
Grades KG-5 | Public School
FRANKLIN AVENUE ELEMENTARY
Los Angeles, CA 90027
1910 N Commonwealth Ave
323.­663.0320
Distance: 0.2 mi
School Rating
B+
Student:Teacher Ratio
24:1
Total Students
450
Middle School
Grades 6-8 | Public School
THOMAS STARR KING MIDDLE SCHOOL
Los Angeles, CA 90029
4201 Fountain Ave
323.­644.6700
Distance: 0.6 mi
School Rating
B
Student:Teacher Ratio
23:1
Total Students
1976
High School
Grades 9-12 | Public School
JOHN MARSHALL HIGH SCHOOL
Los Angeles, CA 90027
3939 Tracy St
323.­671.1400
Distance: 0.5 mi
School Rating
A-
Student:Teacher Ratio
22:1
Total Students
2224
Other Nearby Schools Distance Type Grades School Rating
International School Of Los Angeles - Los Feliz 0.2 mi Private PK-5
Los Feliz Stemm Magnet School 0.5 mi Public KG-6 B+
Our Mother Of Good Counsel School 0.6 mi Private KG-8
Lexington Avenue Primary Center 0.8 mi Public PK-2
Rose & Alex Pilibos Armenian School 0.9 mi Private KG-12
Creative Angels Preschool And Kindergarden 0.9 mi Private TKG
Ivanhoe Elementary 1.0 mi Public KG-5 A-
Lockwood Avenue Elementary 1.1 mi Public KG-6 C-
Micheltorena Elementary 1.1 mi Public KG-5 B+
Ramona Elementary 1.2 mi Public KG-6 D+
Immaculate Heart Of Mary School 1.3 mi Private KG-8
Kingsley Elementary School 1.4 mi Public KG-5 C+
Bright Montessori School Inc. 1.4 mi Private PK-TKG
Blind Children's Center 1.4 mi Private PK-T1
Kids World School, Inc & Cornerstone Academy Of L. 1.5 mi Private TKG-12
Immaculate Heart 1.5 mi Private 6-12
Dayton Heights Elementary School 1.5 mi Public KG-5 B+
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Los Angeles, CA 90027

Median Age: 39.7
Married: 29%
Number of Households: 21,573
Households with Children: 14%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.