Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

4,876 sqft

Lot size

5,536 sqft

Year built

1925

Stories

2

Garage spaces

2

Style

Tudor

Heating

Wall Furnace

Pool

None

Status

Active

Days on market

8

MLS #

247948632

About this property

Located in Melrose Hill, this distinctive 1920s English Tudor fourplex offers approximately 4,876 square feet across two separate duplex buildings on a corner lot. Rich in original character, the four spacious units feature nine-foot ceilings, crown molding, hardwood floors, period architectural details, decorative fireplaces and abundant natural light. Each unit has its own washer and dryer, refrigerator, wall air conditioning, water heater, and separate gas and electric meters. The property includes two one-car garages and additional off-street parking for up to six vehicles in total, along with landscaped outdoor areas framed by mature trees. Three units are tenant-occupied, generating $8,224 in current monthly rental income, while the fourth is owner-occupied. Conveniently located near Larchmont Village, Paramount Studios, Hollywood and Koreatown, with easy access to the 101 Freeway. An opportunity for investors or owner-users seeking a character-filled income property in Melrose Hill. Please do not disturb occupants.

Location

5076 Lemon Grove Avenue

Los Angeles, Los Angeles, CA, 90029