$1,200,000
SOLD MAR 14, 2025
5 Beds
5 Baths
3,020 Sq Ft
7,280 Sq Ft Lot

Recently Sold

$397 Per Sq Ft

4% Below List Price

109 Days on Market

Highlights

  • Spanish Architecture
  • Covered patio or porch
  • 6 Car Attached Garage
  • STEM Academy at Bernstein High Rated A-
  • Breakfast Area or Nook
  • 3-minute walk to Lemon Grove Recreation Center

About This Home

As of March 2025

This East Hollywood quadruplex is located in the highly desirable Melrose Hill area of Hollywood, recently rated as one of the coolest neighborhoods in the world. Walking distance to Lemon Grove Park, and close to all the studios, trendy restaurants, coffee shops and entertainment Hollywood has to offer. There are three one bedroom/one bathroom units, one of which has been entirely remodeled. There is a two bedroom/two bathroom unit, which has also been remodeled recently. This is a great opportunity for an investor or owner-occupied investor. This fourplex is in an area that is clearly moving up in value, with many brand-new apartments being constructed around this one, and we have priced it at the price of a 3-unit property!!! This is the best deal you will find in LA! East Hollywood has been in a resurgence, which makes it a great opportunity to own a property now before the prices become unattainable. The property has a recently added laundry area, and three of the units have tankless water heaters. The foundation has been bolted, along with many other upgrades, with permits. The property has been well maintained and has great upside in a great rental area.

Last Agent to Sell the Property

Aram Yeghiayan

Los Angeles Realty Company, Inc. License #01700534

Last Buyer's Agent

Hal Schlegel

eXp Realty of California Inc License #00585919

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,790

Year Built

  • Built in 1921

Home Design

  • Quadruplex
  • Spanish Architecture
  • Flat Roof Shape
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,020 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Car Attached Garage
  • Driveway

Utilities

  • Property is located within a water district
  • Tankless Water Heater
  • Sewer in Street

Additional Features

  • Covered patio or porch
  • 7,280 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, interior maint, move in fee, move out fee
  • The owner pays for gardener, water
  • Assessor Parcel Number 5535-031-015

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,790

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 3020
  • Lot Acreage: 0.1671
  • Probate: No
  • Year Built: 1921
  • Number Of Photos: 47
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace Rooms: Decorative
  • Flooring: Mixed
  • Appliances: Free Standing Gas
  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community, Room
  • Laundry Equipment: Own
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Dishwasher, Range/Oven
  • Price Per S Q F T: 413.58

Exterior Features

  • Other Structures: Other
  • Tennis Court Y/N: No
  • Number Patio: 3
  • Patio: Porch
  • Pool: No
  • Roof: Composition, Flat, Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway, Garage Is Detached
  • Total Parking: 6

Utilities

  • Water Heater: Tankless, Water Heater Unit
  • Cooling: Air Conditioning
  • Heating: Combination
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 24.51
  • Assessed Improvement Value: 204870
  • Assessed Land Percent: 75.49
  • Assessed Land Value: 630842
  • Total Assessed Value: 835712
  • Assessor Parcel Number: 5535-031-015
  • Lot Location: City
  • Lot Size Area: 7280

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Gardener, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Interior Maint, Move In Fee, Move Out Fee

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 4
  • Total Annual Expense: 19191
  • Type Of Units: Quarduplex
  • Vacancy Rate: 1 unit

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2025 03/14/25 Sold $1,200,000 -3.9% $397 / Sq Ft
02/07/2025 02/07/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $1,249,000 +4.1% $414 / Sq Ft
12/23/2024 12/23/24 Off Market $1,200,000 -- --
10/21/2024 10/21/24 For Sale $1,249,000 -- $414 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,790 $852,425 $643,458 $208,967
2023 $10,587 $835,712 $630,842 $204,870
2022 $10,103 $819,326 $618,473 $200,853
2021 $9,963 $803,262 $606,347 $196,915
2020 $10,057 $795,026 $600,130 $194,896
2019 $9,667 $779,438 $588,363 $191,075
2018 $9,317 $747,347 $576,827 $170,520
2016 $8,574 $694,459 $554,429 $140,030
2015 $8,450 $684,028 $546,101 $137,927
2014 $8,492 $670,630 $535,404 $135,226
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $950,000 New Conventional
Previous Owner $180,000 Credit Line Revolving
Previous Owner $195,000 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $50,000 Credit Line Revolving
Source: Public Records

Deed History

Date Type Sale Price Title Company
Grant Deed $1,200,000 Chicago Title Company
Interfamily Deed Transfer -- Lawyers Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed -- Ticor Title Co Of California
Interfamily Deed Transfer -- Ticor Title Co Of California
Gift Deed -- --
Source: Public Records

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Source: The MLS

MLS Number: 24-454825

The MLS

APN: 5535-031-015