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Residential Income - 4319 Melbourne, Los Angeles, CA

$1,429,000

4319 Melbourne, Los Angeles, CA

MLS# BB26215486

4319 Melbourne, Los Angeles, CA 90027 - $1,429,000 · Multi-Family Home for Sale, photo 1 4319 Melbourne, Los Angeles, CA 90027 - $1,429,000 · Multi-Family Home for Sale, photo 2 4319 Melbourne, Los Angeles, CA 90027 - $1,429,000 · Multi-Family Home for Sale, photo 3 4319 Melbourne, Los Angeles, CA 90027 - $1,429,000 · Multi-Family Home for Sale, photo 4 4319 Melbourne, Los Angeles, CA 90027 - $1,429,000 · Multi-Family Home for Sale, photo 5
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Description

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.

Property details

Year built
1908
Property type
Residential Income
Lot size
6,750 sqft

Location

4319 Melbourne • Los Angeles, CA 90027

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Listing Agent

Joyce Starleaf

DRE #: 00782682

Brokerage: Equity Union

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CRMLS

MLS# BB26215486

Listed: 10/7/2026 3:30 AM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/13/2026 11:07 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Equity Union

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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Nalren Corp. · CA DRE #02423715