$ 2,000,000
4853 Melrose AVE Los Angeles, CA 90029
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$ 2,000,000
Est. payment | /mo
0.3 Acres Lot
$ 2,000,000
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24418211
HOA Y/N No
Lot Size 0.304 Acres
Lot Dimensions Assessor
Property Description
LARGE REDUCTION! 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.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning C1-1D Tier 2 TOC
Interior
Fireplace No
Exterior
View Y/N Yes
Building
New Construction No
Others
Senior Community No
Tax ID 5535029034
Special Listing Condition Standard
Listed by Dario Svidler • Keller Williams Beverly Hills
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Justin & Jessica Bouzane
Broker Associate | Lic# 01905244