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Welcome to one of the Most Remarkable Huge Privately Gated Four-Unit Properties Presented to the Market for the First Time! AND RENTS HAVE NOT BEEN RAISED FOR OVER A DECADE, OR MORE!! This Magnificent Development Boasts a Large Footprint of close to 5,000 square feet, and as the Market is UP, these Very Large Apartment Units should attract High-End Renters in the years to follow! An Amazing Offering providing an Incredible Opportunity for a first-time Family Investment or Seasoned Investor possibly Exchanging to Own a Unique Real Estate Choice in the Highly Desired Prime Los Feliz Neighborhood, on one of the Best Streets of Los Feliz, Melbourne Avenue! Graciously Appointed 4-Units with the Second-Floor being Two 3-bedroom 2-bathroom Apartments Plus Private Balconies, and the First-Floor being Two 2- bedroom 2-bathroom Apartments Plus Private Patios. Truly an Excellent Unit Mix, and extremely hard to find! Each unit has its own Private Laundry - Washer and Dryer, a Living Room/Dining Room Combination Flow, Hardwood Floors, Quality Tiled Baths and Kitchens, Separate Water Heaters for Each Apartment, Copper Plumbing, and Each Unit is Separately Metered for Gas & Electric. This Herculean-Built Apartment Complex Truly Dominates one of the most Prime Locations in Los Feliz with its Dramatic Curb Appeal, and 8-Car, Side-by-Side Covered Parking (2 parking spaces per unit!) Including a Fully Solid Iron-Gated Entrance for both Visitors and Cars. Beautifully nestled in the Charming Residential Neighborhood of Prime Los Feliz bringing the Smart Investor many years of Confidence and Pride. Additionally, this is a Perfect Future Owner -User Property, Especially with the Abundant Spacious Bedroom Sizes. Convenient Proximity to the 101 Freeway and the 5 Freeway allowing for easy access to get to Downtown, Universal City, Studio City, Burbank, Glendale, Pasadena and the rest of the San Fernando Valley as well as the San Gabriel Valley. Great Access Location for Doctors and Attorneys to get to Hospitals and Courts! Additionally, in your immediate neighborhood, your New Investment shares the opportunity of visiting Exciting Los Feliz Landmarks and conveniences such as: The Los Feliz Business Center, Movie Theatres, Coffee Shops, High-End Markets, Unique Shops, The Griffith Park Observatory, Huge Griffith Park Play Areas with Abundant Hiking Trails, Picnic Grounds with Horse Rentals, Train Rides and a Classic Old-World Carousel, PLUS The Greek Theatre, Several Golf Courses, Tennis Courts, Many Schools, and the List goes on and on! Why not invest in your Future and Enjoy this rare Los Feliz Investment and Lifestyle Opportunity! The Ownership has done a Magnificent Job maintaining this property and making sure the Character and Charm is Preserved! Let us make this happen! Call us for more information! MLS® ID: 22157089 Listed: 5/15/22 Updated: 10/17/22 Interior Features Total Bedrooms: 10 Total Bathrooms: 8 Laundry Description: Inside Floor Description: Tile, Wood Fireplace: Dining Room, Living Room, Outside Cooling: Central Air Heating: Central Exterior/Building Features Lot Size: 6,764 ft2 lot Exterior Features: Covered, Enclosed, Front Porch, Open, Patio Architectural Style: Contemporary Other Property Details Area Name: 637 - Los Feliz HOA Amenities: Gated Garage: No Parking: Controlled Entrance, Covered, Carport Parking Total: 8.0 View: Y County: Los Angeles Pool: No Total Stories: 2 Zoning: LAR2 Property History Date Event Price Value 8/16/22 Pending - - 8/16/22 Active - - 7/25/22 Active Under Contract - - 6/16/22 Price Change $2,200,000 -16% 5/17/22 Price Change $2,650,000 -27% Courtesy of Bruce Jay Associates, Bruce Jay, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.