4867 Melrose Ave | Los Angeles, CA 90029
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- LoopNet Team
4867 Melrose Ave
Los Angeles, CA 90029
Build 32± Units in a 100% Affordable Project · Land For Sale · 0.17 AC
Investment Highlights
- 4867 Melrose Avenue's SB8 Replacement Unit Determination Letter – “No units are subject to replacement as affordable.”
- Opportunity to build 32± units in a 100% Affordable Housing Project or build 16± units + ADUs by TOC.
- The commercial site retains a Walker’s Paradise score of 91.
- Central location as Hollywood, East Hollywood, and Koreatown surround the site.
- No Local Rent Stabilization Ordinance nor the Ellis Act
- Demo Plan Check has already been completed.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.17 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.17 AC |
Description
The home is currently boarded up and vacant (after some fire damage) and will be delivered vacant.
zoning
| Zoning Code | C1-1D Tier 2 (Build 32± Units in a 100% Affordable Housing Project or Build 16± Units + ADUs by TOC) |
| C1-1D Tier 2 (Build 32± Units in a 100% Affordable Housing Project or Build 16± Units + ADUs by TOC) |
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