4853 Melrose Ave Los Angeles CA MLS #24-373595

4853 Melrose Ave
Los Angeles, CA,
$2,700,000
Beds
0 Baths
SqFt
0.3 Acres
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We are proud to present for sale a double vacant lot in the Melrose Hill neighborhood just east of Hollywood. Build up to 66+/- units with ED1 and work with the slight slope to fit parking at street level (if any parking at all) while building up towards the slope. Super central, just north of Koreatown and half a mile to the Metro Subway Station, this property has tremendously easy access to the 101 but also boasts the Walker’s Paradise designation by Walk Score! With 13,230 SF (after a 13 foot dedication) of C1-1D Tier 2 vacant land spanning 100 feet of frontage on the world famous Melrose Ave., there are no RSO, no Replacement Issues, a Clean Phase 1, and no Entitlements to free your hand to design the talk of the town! The By-Right FAR can be maximized utilizing the Tier 2 TOC or Density Bonus! The neighborhood is changing and improving, with a lot of new and recent construction all around, including projects currently in Plan Check. Just a hop and a skip to Melrose and Western, with all of the new shops, restaurants, bars and much more! Listing includes two APNs: 5535-029-034 & 5535-029-035.

Property Details

Price:
$2,700,000
MLS #:
24-373595
Status:
Active
Baths:
0
Address:
4853 Melrose Ave
Type:
Land
Neighborhood:
hollywood
City:
Los Angeles
Listed Date:
Mar 27, 2024
State:
CA
Lot Size:
13,230 sqft / 0.30 acres (approx)
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4853 Melrose Ave
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