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$ 1,295,000
Est. payment | /mo
5 Beds
4 Baths
3,178 SqFt
$ 1,295,000
Est. payment | /mo
5 Beds
4 Baths
3,178 SqFt
Open House
Sat Jan 31, 1:00pm - 4:00pm
Sun Feb 01, 1:00pm - 4:00pm
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,178 sqft
Price per Sqft $407
MLS Listing ID 26643609
Bedrooms 5
HOA Y/N No
Year Built 1956
Lot Size 6,006 Sqft
Property Description
First time on the market in 37 years. This prime Hollywood triplex presents a rare value-add opportunity with two of the property's best units delivered vacant, offering immediate flexibility for market-rate leasing, light repositioning, or owner-occupancy from day one. The property is configured as three units with a highly desirable layout: two spacious 2-bedroom, 1.5-bath residences with identical floor plans (one upstairs and one downstairs), plus a separate 1-bedroom, 1-bath unit above the garage. The upper 2-bedroom unit and the garage unit will be delivered vacant, allowing a buyer to capture upside immediately while maintaining income from the occupied unit. At the rear of the property sits a four-car garage with strong ADU and expansion potential, offering a clear path to transforming the asset into a four-unit income property (buyer to verify). The garage footprint lends itself naturally to future development, while the large private yard, lush with mature landscaping, adds a rare sense of space and calm, enhancing tenant appeal and long-term rental value. The building has been thoughtfully maintained, with key system upgrades already in place, including newer copper plumbing, a newer sewer line, and a recently built redwood-and-deckwood staircase. This allows the next owner to focus on unlocking upside rather than addressing deferred maintenance. Located in the heart of Melrose Hill, tenants enjoy walkable access to some of the neighborhood's most exciting restaurants, cafes, and boutiques. Perfectly positioned between Silver Lake and Larchmont Village, with Los Feliz and Koreatown just minutes away, the property sits at the crossroads of some of Los Angeles' most vibrant and in-demand neighborhoods. A well-kept asset with immediate vacancy, development potential, and an exceptional central location. Opportunities like this don't come around often.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Driveway
Building
Story 2
Entry Level Multi/Split
Architectural Style Mid-Century Modern
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5535024011
Special Listing Condition Standard
Listed by David Clark The Shelhamer Real Estate Group