Description

We are 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.

• Property Type

  Land

• County

  Los Angeles

• Style

  Land

• AD ID

  50281025