For Sale
$1,479,000
4319 Melbourne
Los Angeles, CA 90027
- 6,750 sq ft lot
- Built 1908
Listed by: Equity Union · 818-612-0514
About this home
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.
Home details
Interior
- Levels
- One
- Laundry
- Washer Included, Dryer Included
- Cooling
- Wall/Window Unit(s)
- Heating
- Wall Furnace
Exterior & lot
- Lot size
- 6,750 sq ft (0.16 acres)
- Lot features
- Front Yard
- Pool
- None
- Garage spaces
- 0
- Common walls
- No Common Walls
Property & community
- Property type
- Duplex
- Year built
- 1908
- Community
- Curbs, Sidewalks
- County
- Los Angeles
- MLS #
- BB26215486
- Listed
- Oct 7, 2026
Location
Listed by: Equity Union · 818-612-0514
Based on information from the California Regional Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed. All data, including measurements and calculations of area, should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office or agent presenting this information.
Listing data last updated Oct 8, 2026 6:35 am.
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Based on information from the California Regional Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed. All data, including measurements and calculations of area, should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office or agent presenting this information.