5725 Melrose AVE, Los Angeles, CA 90038
5725 Melrose AVE, Los Angeles, CA 90038
5725 Melrose AVE, Los Angeles, CA 90038
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$1,573,000
Est. payment /mo
6,425 Sqft Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26823233

HOA Y/N No

Lot Size 6,425 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAC2

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

Lot Description Rectangular Lot, Value In Land

New Construction No

Others

Senior Community No

Tax ID 5534036019

Special Listing Condition Standard

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Listed by Benjamin Lee Lyon Stahl Investment Real Estate, Inc. #02123715

NEARBY SCHOOL & BUSINESS

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent License ID: 01451888

Agent License ID: 01451888

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