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4319 Melbourne, Los Angeles CA 90027
4319 Melbourne, Los Angeles CA 90027
California>Los Angeles>Los Feliz

4319 MelbourneLos Angeles, CA 90027

For Sale

$1,429,000

Smart Buyer Rebate $14,290

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.

Listed by Joyce Starleaf

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License #00782682

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Equity Union

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818-612-0514

Last updated October 13, 2026

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Source: bridgeMLS #CRBB26215486

Listing Facts

  • TypeMulti-family
  • NeighborhoodLos Feliz
  • Bedrooms4
  • Days on Prevu24
  • Size1,750 sqft
  • Price per sqft$817

Amenities

  • Washer/Dryer

Location

Mortgage Calculator

Listing History

10/13/2026
Price Decreased
$1,429,000
10/07/2026
Listed by Equity Union
$1,479,000
  1. 10/13/2026$1,429,000
    Price Decreased
  2. 10/07/2026$1,479,000
    Listed by Equity Union

Property Details for 4319 Melbourne

Exterior

Construction

  • Number Of Units Total: 2
  • Year Built: 1908
  • Exterior Features: Front Yard

Measurements

  • Building Area Total: 1,750
  • Lot Features: Front Yard
  • Lot Size Acres: 0.16
  • Lot Size Area: 0
  • Lot Size Square Feet: 6,750
  • Lot Size Units: Acres

Financial

Taxes

  • Parcel Number: 5591024021

Interior

Measurements

  • Living Area: 1,750
  • Living Area Units: Square Feet

Rooms

  • Bedrooms Total: 4

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Has Heating: Yes
  • Laundry Features: Dryer, Washer
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 4 bedrooms in this multi-family home at 4319 Melbourne.

How does 4319 Melbourne compare to other multi-family homes in Los Feliz?

This multi-family home is listed 33% below the average price for multi-family homes in Los Feliz and has been on the market for 107 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 1,750 sqft.

4319 Melbourne is a 4-bedroom multi-family home for sale in Los Angeles CA 90027. Available on Prevu for 24 days at $1,429,000. This includes a recent price decrease of $50,000. This property features 1,750 square feet of living space, located in Los Feliz. The median listing price for multi-family homes in this area is $1,997,500. The home offers washer/dryer. Browse more multi-family home listings in Los Angeles.

Based on information from bridgeMLS 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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.