4071 Melrose Avenue

4071 Melrose Avenue in Los Angeles, CA was first built in 1981 and is 43 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 8 are bedrooms. In terms of bathrooms, there are a total of 6 full bathrooms. There are 6 partial bathrooms. 4071 Melrose Avenue has 4,024 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,420. In total, the area measurement of the land is 7,108 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as good. Walk into the home itself and you'll find that it is currently being cooled with a wall air conditioning unit. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 4071 Melrose Avenue sold most recently in Jul 18, 2023 for a total of $1,385,000. If you work out the math, that's approximately a cost of $344.18 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,944 in taxes each year. 4071 Melrose Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $598,592. If we break it down further, the land itself was valued at $209,409. Improvements to the property, however, were assessed at a total of $389,183. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.