Vacant Five-Unit Apartment
For Sale
Contact for pricing
4149-4153 W Melrose Avenue, Los Angeles, CA 90029
C4-1VL zoning and TOC Tier 3 designation support evaluation of residential redevelopment strategies.
Property Size4,121 SF
Lot Size0.21 Acres
Price / SF$532.64
Days on Market11
Property Features for 4149-4153 W Melrose Avenue
General Information
Standard status
Active
Size
4,121 SF
Lot size
0.21 Acres
Property subtype
Multifamily, Land
Zoning
C4-1VL, TOC Tier 3
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
5
Building Details
Year Built
1924
Buildings
2
Units
5
Listing Agency:
Nourmand & Associates
Listed By:
Chris Furstenberg · License #01208924
Source:
Crexi
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 9:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nourmand & Associates
Investment Insights
Based on property information with market context.
This vacant apartment property includes five existing units arranged as a fourplex and separate house. The improvements contain approximately 4,121 square feet and sit on an approximately 9,321-square-foot lot. Originally built in 1924, the property is delivered without tenants in place, allowing the next owner to assess the existing configuration alongside future plans.
The site carries C4-1VL zoning and is identified as a TOC Tier 3 location. The source information also identifies possible eligibility for transit-area considerations, Housing Element Site status, density incentives, reduced parking requirements under AB 2097, and the City of Los Angeles Executive Directive 1 program for qualifying 100% affordable housing projects. Independent verification of development parameters, incentives, permits, and approvals is required.
The property is near Silver Lake, Virgil Village, Hollywood, Larchmont Village, Los Angeles City College, Paramount Studios, and the Metro B Line, with access to downtown Los Angeles and the 101 Freeway.
The site carries C4-1VL zoning and is identified as a TOC Tier 3 location. The source information also identifies possible eligibility for transit-area considerations, Housing Element Site status, density incentives, reduced parking requirements under AB 2097, and the City of Los Angeles Executive Directive 1 program for qualifying 100% affordable housing projects. Independent verification of development parameters, incentives, permits, and approvals is required.
The property is near Silver Lake, Virgil Village, Hollywood, Larchmont Village, Los Angeles City College, Paramount Studios, and the Metro B Line, with access to downtown Los Angeles and the 101 Freeway.
Key Highlights
- Approximately 9,321‑square‑foot lot with approximately 4,121 square feet of improvements
- Five vacant units configured as a fourplex and separate house
- C4‑1VL zoning with TOC Tier 3 designation
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - C4-1VL zoning and TOC Tier 3 designation support evaluation of residential redevelopment strategies.
Where is this apartment building located?
The property is located at 4149-4153 W Melrose Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Approximately 9,321‑square‑foot lot with approximately 4,121 square feet of improvements; Five vacant units configured as a fourplex and separate house; C4‑1VL zoning with TOC Tier 3 designation
