We are proud to exclusively present for sale a redevelopment opportunity in the Melrose Hill neighborhood of Los Angeles. Build 16+/- Residential Units plus ADUs by TOC or focus on 100% Affordable Housing and build approximately 32+/- Units. The 7,265 SF C1-1D Tier 2 Lot is located on Melrose Ave., between N. Oxford Ave. & Hobart Blvd. With easy access to the 101 freeway, this central location makes a commute to Downtown or anywhere in Los Angeles a breeze. Plan Check for Demoing the vacant SFR is completed and RTI! With an SB8 Replacement Unit Determination Letter stating that "No units are subject to replacement as an affordable ‘protected unit’ on this site", a Developer can build by right without needing to dedicate any units to low income/affordable housing. Or maximize density and go 100% Affordable Housing! This site is tucked in between Hollywood, East Hollywood and Koreatown – all of these areas in Los Angeles are going through tremendous redevelopment and all have great nightlife and amenities for future residents. Walk Score calls this area a Walker’s Paradise! The home is currently boarded up and vacant (after some fire damage) and will be delivered vacant.
Property Details
Price:
$995,000
MLS #:
23-320399
Status:
Sold ((Feb 22, 2024))
Baths:
0
Address:
4867 Melrose Ave
Type:
Land
Neighborhood:
hollywood
City:
Los Angeles
Listed Date:
Oct 11, 2023
State:
CA
Lot Size:
7,266 sqft / 0.17 acres (approx)
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- Address4867 Melrose Ave Los Angeles CA
- AreaHollywood
- CityLos Angeles
- CountyLos Angeles
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Courtesy of Dario Svidler at Keller Williams Beverly Hills. The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2024-05-04.
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2024-05-04.
4867 Melrose Ave
Los Angeles, CA
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