Property listed by Marcus & Millichap, Neema Ahadian 310-909-5500
$1,700,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
100
Last Updated
Property Type
Other
Lot Size
0.15 Acres
MLS Number
25557921
30 Days Snapshot Of 90038
$1.20M
+54%
(avg) sold price
1
-66%
home sold
43
-88%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
0.1475 acres, 6,424 square feet, Size: 6,424
Property
Zoning: C2-1D, None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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