4362 Melrose Ave is a 5 Unit mixed use asset located in East Hollywood. The property consists of four(4) one-bedroom units and one(1) 1,260 sqft commercial unit. The commercial unit is currently on a month to month lease with a church. This property is ideal for an investor, or owner/user, to achieve higher than average rents and still add value with 18% upside in current rents. This property also has development friendly LAC2 zoning in both an OPPORTUNITY ZONE and a TIER 3 T. O. C bonus density. 4362 Melrose Ave is a 4 minute walk to Los Angeles City College and is situated for convenient access to the 101(Hollywood) Freeway. Please do not disturb the tenants. All showings will be subject to an accepted offer.
Commercial, Multi-Unit (5+)
Bedrooms
4
4
Bathrooms
4
4
Units
5
5
Square Feet
4,098
4,098
Lot Size
7,982
7,982
Year Built
1913
1913
Agents
Let's talk!
Have a question about this listing? Fill out the form below to contact our agents directly.
"*" indicates required fields