Home | Los Angeles County | Los Angeles | 90027 | 4319 Melbourne
MLS: CRBB26215486 | Status: Active | Price: $1,479,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 6,750 | 1908 |
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.
| Field | Value |
|---|---|
| MLS # | CRBB26215486 |
| MLS Source | California Regional MLS |
| Days on Site | 0 |
| Feature | Details |
|---|---|
| Appliances | Dryer, Washer |
| Cooling | Window/Wall Unit |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| HOA Fee | $0 |
Joyce Starleaf
Equity Union
License #: 00782682
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 2 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1257 1257 1/2 N New Hampshire | $1,287,500 | – | – | – | Active |
| 2572 Silver Ridge | $1,748,888 | – | – | – | Active |
| 2290 Riverside Dr | $1,689,990 | – | – | – | Active |
| 2575 Riverside Ter | $1,399,000 | – | – | – | Active |
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This listing information is up-to-date as of October 07, 2026. For the most current information, please contact Joyce Starleaf.