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 Details
Price:
$1,700,000
MLS #:
25557921
Status:
Active
Baths:
0
Address:
5725 Melrose Avenue 5534036019
Type:
Land
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Jun 16, 2025
State:
CA
ZIP:
90038
Lot Size:
6,424 sqft / 0.15 acres (approx)
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- Address5725 Melrose Avenue 5534036019 Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90038
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5725 Melrose Avenue 5534036019
Los Angeles, CA
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