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Los Angeles Home For Sale. PRICE DROPPED $50,000. This quintessential Hollywood quadruplex is located in the highly desirable Melrose Hill area of Hollywood. Walking distance to Lemon Grove Park, and close to all the studios and entertainment Hollywood has to offer. There are three one bedroom/one bathroom units, one of which has been entirely remodeled. There is a two bedroom/two bathroom unit, which has also been remodeled recently. This is a great opportunity for an investor or owner occupied investor. This fourplex is in Melrose Hill, which is an area that is clearly moving up in value, with many brand new apartments being constructed around this one. East Hollywood has been in a resurgence, which makes it a great opportunity to own a property now before the prices become unattainable. The property has a recently added laundry area, and three of the units have tankless water heaters. The foundation has been bolted, sewer line has been replaced. The property has been well maintained. This property has great upside in a great rental area.