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4319 Melbourne, Los Angeles, CA 90027

$1,429,000 Approx. USD 0 beds, 0 baths

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Joyce Starleaf | joycestarleaf@yahoo.com
Lic#: 00782682
Broker: Courtesy of Equity Union
Phone: 818-989-2000

Agent Remarks

CALLING ALL DEVELOPERS, BUILDERS & SAVVY INVESTORS! RARE Franklin Hills property located in LOS FELIZ this DEVELOPMENT OPPORTUNITY — LARGE, FLAT R2 LOT WITH TWO EXISTING HOMES & IN-PLACE RENTAL INCOME. Unlock the potential of this exceptional Los Feliz property featuring two separate residences on one expansive, flat R2-zoned lot. With tenants currently in place and generating immediate monthly income, this property offers the rare combination of cash flow today and substantial development potential. Whether your vision is ground-up development, maximizing the existing lot, renovating and repositioning the current residences, or holding a valuable Los Angeles asset for long-term appreciation, this property presents an exciting opportunity in one of the city's most sought-after neighborhoods. LAND. LOCATION. INCOME. UPSIDE. Opportunities offering all four are increasingly difficult to find. Bring your architects, builders, and investment team and explore the possibilities. This is a true Los Feliz value-add and development play with multiple paths to maximize returns.

Listing Details

Property type: Duplex (Multi-Family)

Status: Active

MLS# BB26215486

List price is $1,429,000 Reduced by $50,000 on 10/13/2026

Price: $1,429,000

HOA Fee is $0.00

Beds: 0

Baths: 0

Built in 1908

1 story

0.16 acres

Lot size: 0.1550

County: Los Angeles

Appliances: Dryer,Washer

Lot description: Front Yard

Heating/cooling: Wall/Window Unit(s)

Heating description: Wall Furnace

MLS area: 637 - Los Feliz

Last Updated: 10/13/2026

Days On Market (DOM): 38

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This listing belongs to the 637 - Los Feliz MLS area

Lat/Long: 34.103883, -118.283889.
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