Log In/Sign Up
Your email has been sent.
1920-1922 Mellon Ave 2 Unit Apartment Building $1,518,196 CAD ($759,098 CAD/Unit) Los Angeles, CA 90039
Investment Highlights
- Rare opportunity and location
- Flexible living and Income Potential
- Upgraded and Permitted Features
- Two seperate homes
- Recent Price Reduction
Executive Summary
2 On-a-Lot (2-Units) in Sought-After "Elysian Valley / Frogtown" community of NELA. First Time on market in 60 years! Priced below market. Live in one, Rent the other to help with mortgage payments. Recent Huge Price Reduction!!!
* * * FRONT HOUSE (1922): Originally built 1966 w/ 2nd Story Addition in 1976 (all permitted). 4BR + Bonus 5th BR (or office), 23/4 Bathrooms. Formal Dining Room, Large Kitchen w/ Breakfast Bar and additional dining area w/ Recessed Lighting; built-in Range and Double Oven + Slider to side yard. 2nd Floor Family Room (at landing) and double doors to large Master Bedroom Suite with walk-in closet and Full Bathroom. Laundry Closet in Bonus Room. Attached 2-Car Carport w/ lots of storage cabinets. Front fenced yard. Systems: Central A/C, forced air heating, copper plumbing, saltillo tile (most of 1st floor), laminate (BR#4 - 1st fl, & Family Room - 2nd fl), carpet (all 2nd fl BR's). - Front House is tenant occupied and can be shown with 24-hour advance notice.
* * * BACK HOUSE (1920): Buyer's can occupy Back House at COE. Original property on lot, built 1936. 2-Story, 2BR, 13/4 Bathrooms. Living Room w/ Fireplace, Spacious Formal Dining Room; both with arched entries and coved ceilings. Large Kitchen w/ storage & pantry. Laundry Room w/ door to back w/ doggie door. 2nd Floor Master Bedroom Suite w/ lots of windows and your own Bathroom. 1st Floor Master Bedroom Suite w/ 3/4 Bathroom. Attached 1-Car Garage. Hardwood floors (liv room, FDR, 1st fl BR), tile (kitchen, laundry), carpet (2nd floor master BR). - Back House is Vacant at Close of Escrow.
* * * Located near 2, 5 & 110 freeways, Dodger Stadium, DTLA, transportation, parks, L. A. River and more. There is a lot of new development in community, so now is your chance to buy while you can.
* * * FRONT HOUSE (1922): Originally built 1966 w/ 2nd Story Addition in 1976 (all permitted). 4BR + Bonus 5th BR (or office), 23/4 Bathrooms. Formal Dining Room, Large Kitchen w/ Breakfast Bar and additional dining area w/ Recessed Lighting; built-in Range and Double Oven + Slider to side yard. 2nd Floor Family Room (at landing) and double doors to large Master Bedroom Suite with walk-in closet and Full Bathroom. Laundry Closet in Bonus Room. Attached 2-Car Carport w/ lots of storage cabinets. Front fenced yard. Systems: Central A/C, forced air heating, copper plumbing, saltillo tile (most of 1st floor), laminate (BR#4 - 1st fl, & Family Room - 2nd fl), carpet (all 2nd fl BR's). - Front House is tenant occupied and can be shown with 24-hour advance notice.
* * * BACK HOUSE (1920): Buyer's can occupy Back House at COE. Original property on lot, built 1936. 2-Story, 2BR, 13/4 Bathrooms. Living Room w/ Fireplace, Spacious Formal Dining Room; both with arched entries and coved ceilings. Large Kitchen w/ storage & pantry. Laundry Room w/ door to back w/ doggie door. 2nd Floor Master Bedroom Suite w/ lots of windows and your own Bathroom. 1st Floor Master Bedroom Suite w/ 3/4 Bathroom. Attached 1-Car Garage. Hardwood floors (liv room, FDR, 1st fl BR), tile (kitchen, laundry), carpet (2nd floor master BR). - Back House is Vacant at Close of Escrow.
* * * Located near 2, 5 & 110 freeways, Dodger Stadium, DTLA, transportation, parks, L. A. River and more. There is a lot of new development in community, so now is your chance to buy while you can.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,518,196 CAD | Lot Size | 0.12 AC |
| Price Per Unit | $759,098 CAD | Building Size | 2,734 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1934/1976 |
| Property Type | Multifamily | Parking Ratio | 0.73/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | LAR2 - Restricted Density Multiple | ||
| Price | $1,518,196 CAD |
| Price Per Unit | $759,098 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,734 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1934/1976 |
| Parking Ratio | 0.73/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR2 - Restricted Density Multiple |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5442-020-005 | Improvements Assessment | $1,201,861 CAD (2025) |
| Land Assessment | $1,218,617 CAD (2025) | Total Assessment | $2,420,477 CAD (2025) |
Property Taxes
Parcel Number
5442-020-005
Land Assessment
$1,218,617 CAD (2025)
Improvements Assessment
$1,201,861 CAD (2025)
Total Assessment
$2,420,477 CAD (2025)
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1920-1922 Mellon Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.