Build up to 66± Units in Melrose Hill

4853 Melrose Avenue, Los Angeles, CA

$2,700,000

Price

13,230 sqft

Lot Area

C1-1D Tier 2 TOC

Zoning

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Street
Map
Overview
Lot Area
13,230 sqft
Zoning
C1-1D Tier 2 TOC
Permits
No
Description

Partners CRE is 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.

Highlights
  • Build up to 66± Units
  • 100 Feet of Frontage and 132 Feet of Depth on a slight up-slope
  • Just outside of Hollywood and Koreatown
  • Near the Metro Subway Station
  • Walker’s Paradise per Walk Score
  • No RSO. No Replacement Issues. Clean Phase 1.
Documents
Location
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