tomo logo

$1,150,000

Beds
3
sq ft
2,715

4913 Melrose Ave, Los Angeles, CA 90029

4913 Melrose Ave

Los Angeles, CA 90029

  • 49 days on market
    • Price drop $49,000↓
Fantastic Mixed-Use Fixer Property / Development Opportunity in the Heart of Melrose Hill! Currently configured as a residential unit (1572 sf) w/ 3 bedroom + 2 baths & a separate commercial space (1147 sf) w/ 1 bath, this property provides an investor w/ numerous paths of development. 2 car garage at rear of property with attached studio. Property to be delivered vacant at close of escrow. Just a few blocks to Paramount Studios, Larchmont Blvd., & the best shopping, dining, & entertainment the area has to offer. A unique opportunity in a thriving development zone!

Details

Property type

Lot size

5,995 sq ft

Price per sq ft

$424

Year built

1914

HOA

No

Price History

03/27/2025
CLAW

CLAW #25497267

Price change
$1,150,000
-4.09%
02/26/2025
CLAW

CLAW #25497267

Price change
$1,199,000
-7.7%
02/11/2025
CLAW

CLAW #25497267

Listed
$1,299,000
-38.14%

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bank Of America Na

Loan start date

January 2008

Original loan amount

$785,000

Est. remaining balance

Not provided

Interest rate

7.09%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage)

Seller

Boris William Pillin

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/01/2025 at 8:00 PM

Listing updated: 03/26/2025 at 5:30 PM

Listed by: Oliver Moussazadeh, Revilo Realty, Inc. Phone #: (310) 422-3374

MLS: CLAW #25497267

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