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4319 Melbourne Ave, Los Angeles, CA 90027

Sale Price: $1,225,000
Jan 31, 20251,750 sqft4 beds2 baths
Listed by: Michelle Menna
License #: 01705488
Phone #: 323-272-6657
Equity Union
Source:
CRMLS Logo
MLS #: 25492788

Property Description

FliPro report available that describes development potential up to 9 units. Prime Los Feliz Location on a Charming Tree-lined Street. Two detached units are situated on a generous, flat R2 lot of over 6,750 sq. ft., offering incredible potential for investors or developers with great opportunity for redevelopment. Currently, income-producing with tenants in place. OR live in one unit while earning rental income from the other. Seller is offering attractive carryback financing below current rates, and will entertain cash offers or a standard loan. Please note there are no existing plans or permits. Unit #1 was built in 1908; Unit #2 was added in 1955. Contact the agent to schedule an appointment. Blind offers will not be considered.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
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California Association of Realtors

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$20,733

TurboHome Estimated Value

$1,320,600

$755 sqft

High Valuation
$1,386,630
$792/sqft
Normal Valuation
$1,320,600
$755/sqft
Low Valuation
$1,254,570
$717/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$755/sqft$1,320,600

Neighborhood: Los Feliz

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Comparative Value

$1.11M

$1.23M

$1.26M

$1.40M

$1.65M

$1.72M

4112 Tracy St, Los Angeles, CA 90027

Sale Price: $1,110,000

Selected Comparable

4319 Melbourne Ave, Los Angeles, CA 90027

Sale Price: $1,225,000

Selected Comparable

4319 Melbourne Ave, Los Angeles, CA 90027

List Price: $1,259,000

Subject Property

2012 Talmadge St, Los Angeles, CA 90027

Sale Price: $1,400,000

Selected Comparable

3964 Tracy St, Los Angeles, CA 90027

Sale Price: $1,653,255

Selected Comparable

4273 Holly Knoll Dr, Los Angeles, CA 90027

Sale Price: $1,720,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
4319 Melbourne Ave, Los Angeles, CA 90027

4319 Melbourne Ave, Los Angeles, CA 90027

List: $1,259,000

Listed: 1/31/2025

Area:1,750 sqft
Price/sqft:$719
Beds:4
Baths:2
Year Built:—
Lot Size:6,752

Comparable Properties

COMPARABLE
Choose comps
4319 Melbourne Ave, Los Angeles, CA 90027

4319 Melbourne Ave, Los Angeles, CA 90027

Sale: $1,225,000

3/20/2025 • 0.00 mi

Area:1,750 sqft
Price/sqft:$700
Beds:4
Baths:2
Year Built:—
Weight:24.9%
4112 Tracy St, Los Angeles, CA 90027

4112 Tracy St, Los Angeles, CA 90027

Sale: $1,110,000

7/23/2025 • 0.35 mi

Area:1,808 sqft
Price/sqft:$614
Beds:3
Baths:2
Year Built:—
Weight:20.9%
4273 Holly Knoll Dr, Los Angeles, CA 90027

4273 Holly Knoll Dr, Los Angeles, CA 90027

Sale: $1,720,000

6/17/2025 • 0.17 mi

Area:1,452 sqft
Price/sqft:$1,185
Beds:3
Baths:2
Year Built:—
Weight:18.7%
3964 Tracy St, Los Angeles, CA 90027

3964 Tracy St, Los Angeles, CA 90027

Sale: $1,653,255

4/1/2025 • 0.42 mi

Area:1,559 sqft
Price/sqft:$1,060
Beds:3
Baths:2
Year Built:—
Weight:18.1%
2012 Talmadge St, Los Angeles, CA 90027

2012 Talmadge St, Los Angeles, CA 90027

Sale: $1,400,000

10/15/2024 • 0.29 mi

Area:2,062 sqft
Price/sqft:$679
Beds:4
Baths:3
Year Built:—
Weight:17.5%

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