# 4319 Melbourne, Los Angeles, CA 90027 > **TL;DR:** 4bd/2ba multi-family, $1,429,000, built 1908. > A/C. Est. $7,643/mo. Listed 26 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,429,000 | | Bedrooms | 4 | | Bathrooms | 2 full | | Year Built | 1908 | | Lot Size | 6,752 sqft (0.16 acres) | | Stories | 1 | | Property Type | Multi-Family (Duplex) | | Status | Active | | Days on Market | 26 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $7,226 | | Estimated Insurance | $417 | | **Total** | **$7,643** | ## Key Amenities - A/C ## Property Highlights - Built in 1908 - 0.15 acre lot - 3 parking spaces ## Description ### Agent Description 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. ## Location - **Address:** 4319 Melbourne, Los Angeles, CA 90027 - **County:** Los Angeles ## Listing Agent - **Name:** Joyce Starleaf · **License:** 00782682 - **Brokerage:** Equity Union - **Broker Phone:** (818) 631-1660 ## Photos ![4319 Melbourne - Photo 1](http://lh.rdcpix.com/7ed7f607cd686fbd3a82f0d525ba158cl-f997194576r.jpg) ![4319 Melbourne - Photo 2](http://lh.rdcpix.com/7ed7f607cd686fbd3a82f0d525ba158cl-f1619244690r.jpg) ![4319 Melbourne - Photo 3](http://lh.rdcpix.com/7ed7f607cd686fbd3a82f0d525ba158cl-f136512392r.jpg) ![4319 Melbourne - Photo 4](http://lh.rdcpix.com/7ed7f607cd686fbd3a82f0d525ba158cl-f2519386049r.jpg) ![4319 Melbourne - Photo 5](http://lh.rdcpix.com/7ed7f607cd686fbd3a82f0d525ba158cl-f1321520047r.jpg) ![4319 Melbourne - Photo 6](http://lh.rdcpix.com/7ed7f607cd686fbd3a82f0d525ba158cl-f2706441500r.jpg) ![4319 Melbourne - Photo 7](http://lh.rdcpix.com/7ed7f607cd686fbd3a82f0d525ba158cl-f3241256182r.jpg) ![4319 Melbourne - Photo 8](http://lh.rdcpix.com/7ed7f607cd686fbd3a82f0d525ba158cl-f1799703783r.jpg) --- **MLS#:** BB26215486 | **Updated:** 2026-10-27 **Source:** listhub *Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/4319-melbourne-los-angeles-ca-90027-ffddc4482bdc409d84f5814274d0db65) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/4319-melbourne-los-angeles-ca-90027-ffddc4482bdc409d84f5814274d0db65#listing", "url": "https://www.propertysimple.ai/listing/4319-melbourne-los-angeles-ca-90027-ffddc4482bdc409d84f5814274d0db65", "name": "4319 Melbourne, Los Angeles, CA 90027", "description": "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. 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