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
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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 | Proposed Use | |
| Property Subtype | Residential | Total Lot Size | 0.17 AC |
| Zoning | C1-1D Tier 2 - Build 32± Units in a 100% Affordable Housing Project or Build 16± Units + ADUs by TOC | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.17 AC |
| Zoning | C1-1D Tier 2 - Build 32± Units in a 100% Affordable Housing Project or Build 16± Units + ADUs by TOC |
Description
The home is currently boarded up and vacant (after some fire damage) and will be delivered vacant.
Property Taxes
| Parcel Number | 5535-029-008 | Improvements Assessment | $51,000 |
| Land Assessment | $918,000 | Total Assessment | $969,000 |
Property Taxes
Parcel Number
5535-029-008
Land Assessment
$918,000
Improvements Assessment
$51,000
Total Assessment
$969,000
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