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Vacant Five-Unit Multifamily Property
New
For Sale
$2,195,000

4149 Melrose Ave, Los Angeles, CA 90029

Residential Income, Tear-Down, Los Angeles, CA

Property Size4,121 SF
Lot Size0.21 Acres
Price / SF$532.64
Days on Market5

Property Features for 4149 Melrose Ave

General Information

Property type Residential Multi Family
Property subtype Other
Zoning LAC4
Bedrooms 5
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 2
Directions East Of Vermont
Subdivision Silver Lake - Echo Park
Special listing conditions Probate Listing
Standard status Active
APN 5539-021-016
Size 4,121 SF
Lot size 0.21 Acres

Building Details

Year built 1924
Floors in Building 1
Architectural style Other
Listing Agency: Nourmand & Associates-HW
Listed By: Christopher Furstenberg · License #01208924
Added: Aug 19 Changed: Aug 20 Last Checked: Aug 23 at 7:06PM
MLS# 26873127

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This Los Angeles multifamily property is delivered vacant and includes five residential units arranged as a fourplex plus a separate house. The existing improvements contain approximately 4,121 square feet on an approximately 9,321-square-foot lot, with the improvements dating to 1924. The property is identified as a TOC Tier 3 site, while potential development programs and approvals require independent verification.

The asset fronts Melrose Avenue in East Hollywood, with access to Silver Lake, Virgil Village, Hollywood, Larchmont Village, Los Angeles City College, Paramount Studios, and the Metro B Line. Downtown Los Angeles and the 101 Freeway are also identified as accessible from the property. Its vacant status and existing multifamily configuration provide a defined starting point for residential income or redevelopment evaluation.

Key Highlights

  • Five vacant units configured as a fourplex plus a house
  • Approximately 9,321‑square‑foot lot with approximately 4,121 square feet of improvements
  • Existing improvements date to 1924

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,216
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Vacant fourplex and house offer an existing residential configuration with redevelopment considerations.
Where is this multifamily property located?
The property is located at 4149 Melrose Ave 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: Five vacant units configured as a fourplex plus a house; Approximately 9,321‑square‑foot lot with approximately 4,121 square feet of improvements; Existing improvements date to 1924
More about this property
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