Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 4071 Melrose Avenue. Built in 1981, 4071 Melrose is a completely gutted and remodeled six-unit property that includes RTI plans for two new ADU units, one being a 3+2 unit and the other a 2+2 unit. Once the two ADU units are completed and leased out, 4071 Melrose will generate over $292,000 annually. 4071 Melrose is subject to AB 1482, which allows for up to 8.9% annual rent increases. This future 8-unit property is perfectly located in the heart of Virgil Village, which is considered by many to be one of the hottest and most desirable neighborhoods to live in all of Los Angeles. Boasting a 91 Walk Score, 4071 Melrose is situated close to Courage Bagels, Melody, Squirl and Voodoo Vin, along with many other popular shops and restaurants of nearby Los Feliz and Silverlake.