4319 Melbourne
Los Angeles, CA 90027
Listing broker / agent: Equity Union · Joyce Starleaf · 818-612-0514 · CRMLS
MLS # BB26215486 · Last checked Oct 20, 2026 06:27 UTC
About this property
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.
Property details
- MLS number
- BB26215486
- Status
- Active
- Type
- Residential Income
- Subtype
- Duplex
- Lot size
- 0.155 acres
- County
- Los Angeles
- Year built
- 1908
- Stories
- 1
More property detailsCollapse
Listing
- Days on market
- 6
Building
- Year built
- 1908
- Year built source
- Assessor
- Stories
- 1
- Building stories
- 1
- Levels
- One
- Entry level
- 1
Rooms & interior
- Appliances
- Dryer, Washer
- Heating
- Wall Furnace
- Cooling
- Wall Window Units
Exterior & parking
- Total parking spaces
- 3
- Garage spaces
- 0
- Pool
- None
- Spa
- None
- Lot features
- Front Yard
- Lot size source
- Public Records
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Curbs, Sidewalks
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,429,000
- MLS-reported original asking price
- $1,479,000
- MLS-reported previous asking price
- $1,479,000
- MLS-reported last price change
- 2026-10-13 10:58 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 13, 2026 18:43 | $1,429,000 |
| Oct 7, 2026 17:45 | $1,479,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Los Angeles
Active residential homes for sale in Los Angeles, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
538 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-20 07:05 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗