5725 Melrose Avenue

Los Angeles , CA 90038

MLS#: 25557921

$1,700,000

Status: Active
Listing number: 25557921
Listing provided by: Marcus & Millichap
Listing agent phone: None
Last update: 30 days ago
On site: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Lot size

0.1475 acres

We are pleased to present 5725 Melrose Ave, a vacant lot totaling 6,424 SF zoned C2-1D in a Tier 3 TOC located in a prime location on Melrose Ave in the Hancock Park & Larchmont Village neighborhood of Los Angeles. Ideal multifamily development opportunity with the ability to build 17 units by-right, 28 units if the TOC incentives are utilized, or additional density via ED-1 (Buyer to verify). Ideal location just down the street from Wilshire Country Club, Los Angeles Tennis Club and the Marlborough School; walking distance to numerous retail amenities along N Larchmont Blvd and half a mile from Paramount Studios; high walk score of 93. Located in a submarket with strong demographics; average household income of $91,486 within a 5-mile radius of the subject property and median home value of over $1 MM within two miles. Central location with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. Unique opportunity to acquire a vacant lot with strong density potential and no relocation required.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.1475

  • Property Type

    Land

Price

  • Sales Price

    $1,700,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Senior Community YN

    NO

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Listing Courtesy of Neema Ahadian , Marcus & Millichap

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We are pleased to present 5725 Melrose Ave, a vacant lot totaling 6,424 SF zoned C2-1D in a Tier 3 TOC located in a prime location on Melrose Ave in the Hancock Park & Larchmont Village neighborhood of Los Angeles. Ideal multifamily development opportunity with the ability to build 17 units by-right, 28 units if the TOC incentives are utilized, or additional density via ED-1 (Buyer to verify). Ideal location just down the street from Wilshire Country Club, Los Angeles Tennis Club and the Marlborough School; walking distance to numerous retail amenities along N Larchmont Blvd and half a mile from Paramount Studios; high walk score of 93. Located in a submarket with strong demographics; average household income of $91,486 within a 5-mile radius of the subject property and median home value of over $1 MM within two miles. Central location with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. Unique opportunity to acquire a vacant lot with strong density potential and no relocation required.

5725 Melrose Avenue

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