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4100 Melrose Ave
Los Angeles, CA 90029
Land For Sale
·
0.34 AC
Investment Highlights
- CURRENTLY ENTITLED FOR 33 RESIDENTIAL UNITS WITH CREATIVE OFFICE. CAN QUALIFY FOR 100% BONUS DENSITY AND OBTAIN 65+ UNITS
- TENANT ON A MONTH TO MONTH BASIS PAYING $4,100.00/ MONTH
Executive Summary
This site is located right in the middle of Silver Lake and Melrose Hill — two historic central LA neighborhoods with a rich history that are a hub for art, entertainment, and gastronomy. Both of these areas have a strong sense of community and plenty of modern amenities that makes these areas a hot spot for young professionals, families, and investors alike. The area’s relative affordability plus close proximity to both Hollywood and Downtown makes this a prime location for investors looking to benefit from a growing market. Plus the site is just one block away from the Los Angeles City College, which guarantees a steady traffic of students and young professionals.
Property Facts
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.34 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | LAC2 - Commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.34 AC |
| Opportunity Zone |
Yes |
| Zoning | LAC2 - Commercial |
1 Lot Available
Lot
| Price | $3,300,000 | Lot Size | 0.34 AC |
| Price Per AC | $9,705,882.35 |
| Price | $3,300,000 |
| Price Per AC | $9,705,882.35 |
| Lot Size | 0.34 AC |
Property Taxes
| Parcel Number | 5539-023-001 | Improvements Assessment | $52,020 |
| Land Assessment | $3,953,520 | Total Assessment | $4,005,540 |
Property Taxes
Parcel Number
5539-023-001
Land Assessment
$3,953,520
Improvements Assessment
$52,020
Total Assessment
$4,005,540
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