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- LoopNet Team
4401 Melrose Ave
Los Angeles, CA 90029
Land For Sale
·
0.16 AC
INVESTMENT HIGHLIGHTS
- Walk Score 85
- Close Proximity to Hollywood Blvd
- Reduced Parking Area
- 127' of frontage on Melrose Blvd
PROPERTY FACTS
| Property Type | Land | Proposed Use | |
| Property Subtype | Commercial | Total Lot Size | 0.16 AC |
| Zoning | LAC2 - C2-1D Tier 3 AB2097- Reduced Parking Area ED1 Eligible (Low Income Housing) | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.16 AC |
| Zoning | LAC2 - C2-1D Tier 3 AB2097- Reduced Parking Area ED1 Eligible (Low Income Housing) |
DESCRIPTION
Amazing development opportunity located on the corner of Melrose and Edgemont. Zoned C2-1D Tier 3 giving a developer the right to build 31 units mixed use. or maximizing density by building up to 70 UNITS 100% low income housing. Beautiful corner lot with 127' of frontage on Melrose Blvd ready to be built. Property is currently occupied by a tenant paying $4,500 a month giving a developer rental income while getting plans and permits. Located in a prime location of Los Angeles just minutes away from Hollywood Blvd. ED1 (Low Income Housing) and Eligible site for reduced parking.
PROPERTY TAXES
| Parcel Number | 5538-015-028 | Improvements Assessment | $0 |
| Land Assessment | $919,451 | Total Assessment | $919,451 |
PROPERTY TAXES
