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Listed by: Joyce Starleaf (818) 612-0514 DRE #00782682 | Equity Union (818) 989-2000
$1,479,000
Monthly Est:$7,362
4 Beds
2 Baths
1,750sqft
4319 Melbourne, Los Angeles, CA 90027
$1,479,000
$7,362/moEst:
Get Pre-Approved
Duplex
Built in 1908
$-- HOA
6,750 sqft lot
$845/sq.ft
Description
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.
- Houzeo last checked: 2 minutes ago
- Listing updated: October 8, 2026 at 1:18 pm
- Source: California Regional MLS-CA | MLS#: BB26215486
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1908
HOA Fees
-
Finished Area
1,750 sqft
Lot Size
6,750 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
BB26215486
MLS Status
Active
Days on Market
1
Cumulative Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Interior
Sewer
Public Sewer
Heating
Wall Furnace
Appliances
Dryer, Washer
Cooling
Wall Window Units
Utilities & Energy
Water Source
Public
Pool Features
None
Other Features
Lot Features
Front Yard
Community Features
Curbs, Sidewalks
Price History
| Date | Event | Price |
|---|---|---|
10/07/2026 Source: | Listed for Sale | $1,479,000 $845/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 08, 2026, 10:45PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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