Exceptional opportunity to acquire a character-rich single family residence with a permitted garage conversion located in Melrose Hill. Built in 1918, this property offers approximately 1,826 square feet of living space situated on a 5,698 square foot LAR3-zoned lot, presenting a rare combination of historic charm, flexibility, and future potential. The property consists of a spacious 3-bedroom, 2-bathroom unit and a separate 1-bedroom, 1-bathroom unit, offering a versatile layout suitable for a variety of living arrangements and investment strategies. Located in one of Los Angeles' most vibrant and centrally positioned neighborhoods, the property enjoys close proximity to Koreatown, Hancock Park, Downtown Los Angeles, Hollywood, and numerous employment centers throughout the city. Residents benefit from easy access to renowned restaurants, shopping, entertainment, public transportation, and major freeway corridors. The LAR3 zoning provides attractive possibilities for investors, developers, and owner-users looking to capitalize on the continued growth of the surrounding area. Surrounded by the diverse and robust Los Angeles economy, this area remains one of the city's most desirable rental and ownership markets, supported by strong housing demand and a thriving population. Whether you're seeking a long-term investment, multi-generational living opportunity, or a property with future upside, this home offers a compelling opportunity in a premier Los Angeles location.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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