Samimi CRE Advisors
    Listings/4071 Melrose Ave
    4071 Melrose Ave - Photo 1
    multifamilyActive Listing

    4071 Melrose Ave

    Los Angeles, CA 90029

    Valuation

    $2,100,000

    Key Specifications

    Total Units

    6

    multifamily

    Year Built

    1981

    Value-Add Era

    Interior

    4,024 SF

    $522 / SF

    Lot Area

    7,110 SF

    Unit Mix

    multifamily

    5x 1-Bed/1-Bath, 1x 2-Bed/1-Bath

    Investment Highlights

    Prime East Hollywood / Virgil Village location adjacent to Silver Lake
    Exempt from LA City RSO (built in 1981), subject only to statewide AB 1482 rent control
    Fully renovated in 2024 with modern designer finishes, in-unit laundry, and mini-split HVAC
    RTI permits included for two ADUs with potential to add up to 4 ADUs in total
    Implemented Ratio Utility Billing System (RUBS) for tenant utility recovery

    Property Overview

    4071 Melrose Avenue is a fully renovated 6-unit apartment community situated in the highly sought-after East Hollywood / Virgil Village neighborhood, immediately adjacent to Silver Lake. Built in 1981, the property is exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO) and is subject only to statewide rent control under AB 1482, allowing an investor greater rent growth flexibility. The 4,024-square-foot building features five 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit situated on a generous 7,110-square-foot parcel. The property underwent comprehensive renovations in 2024, including new exterior stucco, designer paint, modern fencing, and high-end interior finishes with in-unit stacked washer/dryers, mini-split HVAC systems, recessed lighting, white oak flooring, stainless steel GE appliances, and custom cabinetry. A significant value-add component is already in motion: the property comes with Ready-to-Issue (RTI) permits for two ADUs (one 3-bed/2-bath and one 2-bed/2-bath), with space to add up to 4 ADUs in total within the rear parking area. Once expanded, the asset offers strong projected returns, delivering a rare blend of turn-key cash flow and substantial expansion potential.