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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$2,000,000

Est. payment - /mo

14 Beds

14 Baths

9,320 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,320 sqft

Price per Sqft $214

MLS Listing ID 26648059

Bedrooms 14

HOA Y/N No

Year Built 1958

Lot Size 0.253 Acres

Property Description

Fantastic 12 unit building that has been in the same family since it was built in 1958. The property features a desirable unit mix of 10 spacious (1Br+1Ba) units and 2 (2Br+2Ba) with an average unit size of 775 SF. Offered at under 9.82 GRM on current rents and under $214/SF, the property stands out as an excellent "value add" opportunity with appx. 69% upside in rents, NOT including ADU potential. The property has seismic retrofitting and tuck under and carport parking with ADU potential (Buyer to verify). A new roof was installed in 2025. Laundry and storage rooms in the rear. The property is located just south of Melrose Avenue in the heart of Melrose Hill. Excellent access to LA City College, as well as major employment and lifestyle hubs, including post-production studios, creative office corridors, and media companies, and is only minutes from Paramount Studios. Its central location provides convenient connectivity to Hollywood, Koreatown, Silver Lake and DTLA, making it highly attractive to professionals in the entertainment, tech, and creative sectors! With a Walk Score of 86 ("Very Walkable"), tenants enjoy easy access to nearby restaurants, cafes, and the Metro B Line. Call for a rent roll and marketing package.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Interior Features Ceiling Fan(s), Multiple Staircases, Storage

Heating Natural Gas, Wall Furnace

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Disposal, Gas Oven

Laundry Common Area, Laundry Room

Exterior

Parking Features Assigned, Controlled Entrance, Covered, Detached Carport, Gated

Garage Spaces 6.0

Carport Spaces 5

Garage Description 6.0

Pool None

Community Features Gated

View Y/N Yes

View City Lights, Mountain(s)

Roof Type Composition,Shingle

Accessibility None

Total Parking Spaces 12

Private Pool No

Building

Faces East

Story 2

Entry Level Two

Foundation Raised

Sewer Sewer Tap Paid

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5521008003

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Financing Cash

Special Listing Condition Standard

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Listed by Dana Coronado Compass #01746702

Nearby School & Business

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

543 N Ardmore AVE Los Angeles, CA 90004

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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