Log In/Sign Up
Your email has been sent.
5725 Melrose Ave 0.15 Acres of Commercial Land Offered at $1,700,000 in Los Angeles, CA 90038
INVESTMENT HIGHLIGHTS
- The Neema Group is pleased to present 5725 Melrose Ave, a vacant lot totaling 6,424 SF zoned C2-1D in a Tier 3 TOC
- Ideal multifamily development opportunity with the ability to build 17 units by-right, 28 units if the TOC incentives are utilized
- Ideal location just down the street from Wilshire Country Club, Los Angeles Tennis Club and the Marlborough School
- Located in a prime location on Melrose Ave in the Hancock Park & Larchmont Village neighborhood of Los Angeles
- Additional density via ED-1 (Buyer to verify)
- Unique opportunity to acquire a vacant lot with strong density potential and no relocation required
EXECUTIVE SUMMARY
The Neema Group is pleased to present 5725 Melrose Ave, a vacant lot totaling 6,424 SF zoned C2-1D in a Tier 3 TOC located in a prime location on Melrose Ave in the Hancock Park & Larchmont Village neighborhood of Los Angeles.
Ideal multifamily development opportunity with the ability to build 17 units by-right, 28 units if the TOC incentives are utilized, or additional density via ED-1 (Buyer to verify).
Ideal location just down the street from Wilshire Country Club, Los Angeles Tennis Club and the Marlborough School; walking distance to numerous retail amenities along N Larchmont Blvd and half a mile from Paramount Studios; high walk score of 93. Located in a submarket with strong demographics; average household income of $91,486 within a 5-mile radius of the subject property and median home value of over $1 MM within two miles.
Central location with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. Unique opportunity to acquire a vacant lot with strong density potential and no relocation required.
Ideal multifamily development opportunity with the ability to build 17 units by-right, 28 units if the TOC incentives are utilized, or additional density via ED-1 (Buyer to verify).
Ideal location just down the street from Wilshire Country Club, Los Angeles Tennis Club and the Marlborough School; walking distance to numerous retail amenities along N Larchmont Blvd and half a mile from Paramount Studios; high walk score of 93. Located in a submarket with strong demographics; average household income of $91,486 within a 5-mile radius of the subject property and median home value of over $1 MM within two miles.
Central location with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. Unique opportunity to acquire a vacant lot with strong density potential and no relocation required.
PROPERTY FACTS
| Price | $1,700,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.15 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | C2-1D | ||
| Price | $1,700,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.15 AC |
| Opportunity Zone |
Yes |
| Zoning | C2-1D |
1 LOT AVAILABLE
Lot
| Price | $1,700,000 | Lot Size | 0.15 AC |
| Price Per AC | $11,527,377.52 |
| Price | $1,700,000 |
| Price Per AC | $11,527,377.52 |
| Lot Size | 0.15 AC |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 5534-036-019 | Improvements Assessment | $0 |
| Land Assessment | $1,896,380 | Total Assessment | $1,896,380 |
PROPERTY TAXES
Parcel Number
5534-036-019
Land Assessment
$1,896,380
Improvements Assessment
$0
Total Assessment
$1,896,380
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
5725 Melrose Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.