4957 Melrose Avenue

Los Angeles CA 90029

5004 sq. ft.

12995 sq. ft.

Other

Last sold for $2,600,000

Overview

Sitting in a 13, 000 Sqft of a flat Lot, this compound estate is located in a pocket area in Melrose Hill. Facing the Hollywood sign, Griffin Museum and 5 min away from Paramount Studio. This property has to offer the Main unit with a Mother-In-Law Suite and 1detached unit. The Main duelling is a two story home with over 4, 000 Sqft living space. It features 4bed which 2 of them are Masters bedroom, 5 1/2 bath and a mother-in-law suite. Second floor includes aMother-in -Law suite with 1 bed, 1 full bath, private entrance and private balcony. This is an Historic neighbourhood, family friendly, it's a private location, the property is located at the end of the cul-de-sac and its completely fenced. The detached Unit 4959 has to offer approximately 1, 000 Sqft of living space, 2 bed & 1bath, private balcony with bbq area and front patio facing as well the Hollywood sign. At the moment both of the units are successfully rented. Main unit 4957 is rented with 1 year lease at $11, 000/Mth; Detached unit 4959 is rented month to month at $3, 750/Mth. This property is certainly generating monthly rental income. It could be a great fit for that owner who wants buy a great house, with a large lot and privacy. While living the Hollywood life, the lucky owner is able to pay his mortgage with rental income. This is for real the American dream. Call for more info and schedule a showing.

Features

7 bedrooms

6 bathrooms

8 carspaces

5004 sq. ft. floor area

12995 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 7 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 4957 Melrose Avenue

2024

Sold

$2,600,000

23 Apr 2024

2023

Rented

Undisclosed

01 Nov 2023 by Compass

Happy sellers in Los Angeles

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