4618 Melbourne, Los Angeles, California 90027, Los Angeles, 90027 - 3 bed, 1 bath
Loading property details...
Los Angeles, California 90027
This property presents a High-Potential Investment Opportunity with a List Price of $1,699,955—positioned well above the $1,647,905 Fair Market Value by -3%. While the pricing reflects the premium Los Feliz location, the Fair Condition Rating and ADU Conversion Potential of the two detached garages provide significant value-add upside. With a verified 2,304 square feet and proximity to top-rated schools like Ivanhoe Elementary, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to modernize a classic 1907 residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4618 Melbourne Subject | $1,699,955* List Price | 3 | 1 | 1,762 | $935 | - |
A 1948 Monon St. Sold | $1,257,500 | 2 | 1 | 1,402 | $897 | 0.7 mi |
B 2027 N Edgemont Street Sold | $2,130,000 | 3 | 2 | 2,081 | $1,024 | 0.5 mi |
C 2235 Hyperion Avenue Sold | $1,950,000 | 3 | 3 | 1,832 | $1,064 | 1.0 mi |
D 2105 Ames Street Sold | $1,753,000 | 3 | 2 | 2,193 | $799 | 0.7 mi |
E 3828 Tracy Street Sold | $1,995,000 | 4 | 3 | 1,970 | $1,013 | 0.8 mi |
F 1318 N Alexandria Avenue Active | $1,249,000 List Price | 3 | 2 | 1,753 | $712 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1907, the property shows signs of older renovations (likely 20+ years ago) such as the tiled flooring and fixtures. While functional and move-in ready, the listing's emphasis on 'potential' and 'investor opportunity' suggests that the kitchen, baths, and systems are dated and will require updates to meet modern standards.
Elementary School: Ivanhoe Elementary School (9/10).
Situated in one of LA's most desirable neighborhoods, this property offers exceptional proximity to Griffith Park and trendy amenities, while benefiting from access to high-rated schools like Franklin Avenue Elementary.
The presence of two detached garages provides a rare and valuable opportunity for investors or homeowners to develop multiple accessory dwelling units for rental income or multi-generational living.
The significant mismatch between the Assessor's records and the actual square footage and room count may complicate the financing process or require additional due diligence regarding permits.
As a 1907 build described as having 'endless potential,' the property likely requires significant capital investment to modernize systems and finishes to meet contemporary standards.
NEW PHOTOS! Welcome to this classic, ideally located home in the highly desirable Los Feliz neighborhood of Los Angeles. Brimming with character and endless potential, this unique property offers a rare opportunity for both families and investors alike. This two-story residence features 4 bedrooms and 3 bathrooms, with approximately 2,304 square feet of living space. One bedroom and one full bathroom are conveniently located on the main level. Please note that the Assessor's records differ from the current bedroom, bathroom, and living area count, which has been verified by a recent appraisal. The spacious backyard and patio provide the perfect setting for entertaining, relaxing, or creating your own outdoor retreat. Additional highlights include two detached garages, offering excellent ADU conversion potential. Ideally situated near popular restaurants, shopping, and Griffith Park, this home combines location, charm, and opportunity in one of Los Angeles' most vibrant neighborhoods.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.3 mi
Grades K-2 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 1.0 | 3.0 | 5% |
| Square foot | 1,762 | 2,588 | 17% |
| Lot Size | 6,399 | 7,500 | 32% |
| Price | $1.70M | $2.35M | 14% |
| Price per sq ft | $965 | $1.0K | 44% |
| Built year | 1907 | 1937 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 139 | 3% |
Jun 1, 2026
$1,699,955
Initial Listing