5725 Melrose Ave
Los Angeles, CA 90038
Terrain À vendre · 0,06 ha

The Ben Lee 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.
The lot offers an 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). It is at a prime 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.
The property is also at a central location with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. It is situated 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 $1MM within two miles.
5725 Melrose Ave represents an unique opportunity to acquire a vacant lot with strong density potential and no relocation required. Please contact the listing agents for more details or to schedule tour.