4853-4857 Melrose Ave - REDUCED! Build upto 66± Units in Melrose Hill
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4853-4857 Melrose Ave - REDUCED! Build upto 66± Units in Melrose Hill
0.3 Acres of Commercial Land Offered at $2,000,000 in Los Angeles, CA 90029
Investment Highlights
- Build up to 66± Units
- Just outside of Hollywood and Koreatown
- Walker’s Paradise per Walk Score
- 100 Feet of Frontage and 132 Feet of Depth on a slight up-slope
- Near the Metro Subway Station
- No RSO. No Replacement Issues. Clean Phase 1.
Executive Summary
LARGE REDUCTION!
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!
the new shops, restaurants, bars and much more!
Listing includes two APNs: 5535-029-034 & 5535-029-035.
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!
the new shops, restaurants, bars and much more!
Listing includes two APNs: 5535-029-034 & 5535-029-035.
Property Facts
1 Lot Available
Lot 2
| Price | $2,000,000 | Lot Size | 0.30 AC |
| Price Per AC | $6,585,034 |
| Price | $2,000,000 |
| Price Per AC | $6,585,034 |
| Lot Size | 0.30 AC |
Up-slope vacant lot ready for redevelopment!
Description
In the quickly-changing Melrose Hill just a hop and a skip to all the new in the area! In the middle of it all.
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Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $2,991,150 | Total Assessment | $2,991,150 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,991,150
Improvements Assessment
$0
Total Assessment
$2,991,150
zoning
| Zoning Code | C1-1D Tier 2 TOC (Commercial. Build up to 66± Residential Units.) |
| C1-1D Tier 2 TOC (Commercial. Build up to 66± Residential Units.) |
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Dario Svidler -
Partners CRE - KWBH
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4853-4857 Melrose Ave - REDUCED! Build upto 66± Units in Melrose Hill
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