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SPECTACULAR NEW PRICE REDUCTION PRIME MELROSE HILL MIXED-USE INVESTMENT OPPORTUNITY! Newly Priced to Sell! An exceptional opportunity for savvy investors to acquire a mixed-use income-producing property in the highly desirable Melrose Hill neighborhood of East Hollywood! This property offers an attractive combination of commercial and residential income, featuring three street-facing retail spaces with excellent visibility along busy Western Avenue, plus 10 studio units located at the rear with convenient private alley access. Investors will appreciate the diversified income potential, established neighborhood, and exciting possibilities for future growth and appreciation. Ideally situated near popular dining, shopping, thriving businesses, residential communities, and public transportation, this property is positioned in one of Los Angeles' evolving urban markets. With a spectacular new lower asking price, this is an opportunity worth a closer look! Whether you're expanding your investment portfolio or seeking a well-located mixed-use asset with long-term upside potential, this property deserves your attention. Bring your vision, explore the possibilities, and take advantage of the seller's new pricing!
Listing agent: Walter Castillo DRE #01141632 walter@waltercastillo.com, Listing office: Coldwell Banker Realty
MLS data updated 10/16/2026, 8:09:07 PM PT
Source: CRMLS, MLS #: 26985251
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Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 16, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,975,000Asking price recorded · Oct 16, 2026ZIP 90029 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.