Description

6.11% Cap Rate | 11.01 GRM | Exempt from LA City Rent Control. Built in 1981 and fully renovated in 2024, 4071 Melrose Avenue is subject to California AB 1482 rent increases (5% + CPI) and located in East Hollywood/Virgil Village near Silver Lake. The existing unit mix consists of (5) 1-bed/1-bath units and (1) 2-bed/1-bath unit, featuring interior renovations with in-unit washer/dryers, mini-split HVAC, white oak flooring, custom cabinetry, and GE appliances. Additional features include new exterior stucco, paint, fencing, individual water heaters, and a Ratio Utility Billing System (RUBS). Situated on a 7,110 sq ft lot with up to 10 parking spaces, the property includes plans for two and four ADUs (1,141 sq ft 3B/2B and 716 sq ft 2B/2B) in the rear parking lot. The property also benefits from well-maintained major systems, including roof, plumbing, and electrical.

Property details

Year built

1981

Property type

Residential Income

Lot size

7,110 sqft

Location

4071 Melrose Ave • Los Angeles, CA 90029

More homes for sale and rent in Los Angeles, CA →

Listing Agent

Robert Sillman

DRE #: 02145409

Brokerage: Robert Sillman

Cameron Samimi

Co-Listing Agent

DRE #: 02035763

Brokerage: Lyon Stahl Investment Real Estate, Inc.

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Closed sales reported in 90029, nearest first, last 12 months. All recent sales in Los Angeles →

Sale history for 4071 Melrose Avenue

Sold $1,385,000 in October 2023 · MLS #SR23022126 · Source: CRMLS

CRMLS

MLS# SB26224115

Listed: 10/18/2026 11:54 PM

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/19/2026 7:02 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: Robert Sillman

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.

Residential Income - 4071 Melrose Ave, Los Angeles, CA