Los Angeles, CA 90038,5426 Melrose AVE
Los Angeles, CA 90038,5426 Melrose AVE
Los Angeles, CA 90038,5426 Melrose AVE
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HomeSmart Realty West
$4,500,000
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UPDATED:

12/04/2024 08:11 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-18666

HOA Y/N No

Property Description

Prime Commercial Property For Sale - 10,124 Sq. Ft. Contiguous Land!The Phillips Group is pleased to offer this incredible redevelopment corner site with alley access made up of two parcels(APN 5523-025-009 & 012) totaling approximately 10,124 SF (0.23 Acres) of land and 7,000 SF of existing vacantstructures. Properties are located on Melrose Avenue in Los Angeles, CA just across the street from the ''Melrose Gate'' of the famed Paramount Pictures Studio Lot. The property lays between chic Larchmont Village and bustling Hollywoodneighborhoods. A short drive to the Southwest will land you at the Wilshire Private Country Club or the Los Angeles Tennis Club and a similar distance to the Northeast will take you to the 101 FWY entrance and intersection of Santa Monica Blvd. and Western Ave. The redevelopment opportunities are abundant with the existing C2-1 zoning, which allows a variety of Commercial uses including Office, Hotel, Clinics, Retail w-Limited Manufacturing, Broadcasting Studios, Restaurants and more at 1.5:1 FAR. C2-1 zoning also allows residential projects via R4 zoning (base density is 400 SF of land/dwelling unit at 3:1 FAR).

Location

State CA

County Other

Area C20 - Hollywood

Interior

Fireplace No

Exterior

Fence None

Building

Lot Description Corner Lot, Sprinklers None

Dwelling Type Mixed Use,Office,Warehouse

Water Public

Others

Tax ID 5523025012

Special Listing Condition Standard


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California Regional MLS (CRMLS)
Listed by Roger Phillips • Keller Williams Realty • (310) 721-2896

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HomeSmart Realty West

+1(760) 607-5900

Broker | License ID: DRE#1905908

Broker License ID: DRE#1905908

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