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.
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.
Property Details
Price:
$1,429,000
MLS #:
BB26215486
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Duplex
Neighborhood:
637losfeliz
Listed Date:
Oct 7, 2026
Total Sq Ft:
1,750
Lot Size:
6,750 sqft / 0.16 acres (approx)
Year Built:
1908
See this Listing
Schools
Interior
Cooling
WW
Heating
WL
Laundry Features
DINC, WINC
Levels
A
Exterior
Common Walls
NCW
Community Features
SDW, CRB
Parking Spots
3
Parking Total
3
Spa Features
NO
Financial
Map
Community
- Address4319 Melbourne Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90027
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Oct 14, 2026
10,156
Single Family Listed
88
Avg DOM
433
Avg $ / SqFt
$1,554,379
Avg List Price
Property Summary
- 4319 Melbourne Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90027. It is listed for $1,429,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1908. The average price per square foot for Single Family listings in Los Angeles is $433. The average listing price for Single Family in Los Angeles is $1,554,379.
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Courtesy of Equity Union. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.4319 Melbourne
Los Angeles, CA