For Sale
Duplex
MLS# BB26215486
4319 Melbourne
Los Angeles, CA 90027
$1,429,000
- 1,750Sq Ft
- 1908Built
- $817Per Sq Ft
Los Angeles, CA 90027
$1,429,000
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.
Questions on 4319 Melbourne, Los Angeles, CA 90027, or want to see it in person?
Listed by Joyce Starleaf, Equity Union
Abrams Coastal Properties has intimate knowledge of Coastal Orange County and is dedicated to giving unbeatable service to its clients.
Contact Us
Based on information from California Regional Multiple Listing Service, Inc. 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.
© 2026 Abrams Coastal Properties. Powered by RealSavvy 