4149 Melrose Ave, Los Angeles, CA 90029
- $2,195,000
- 5
- BD
- 5
- BA
- 4,121
- SqFt
- List Price
- $2,195,000
- MLS#
- 26873127
- Year Built
- 1924
- Bedrooms
- 5
- Bathrooms
- 5
- Living Sq. Ft
- 4,121
- Lot Size
- 9,324
- Lot Location
- Near Public Transit
- Days on Market
- 1
- Property Type
- Multifamily
- Style
- Tear-Down
Property Description
Exceptional development opportunity in the heart of East Hollywood. Delivered 100% vacant, 4149-4153 W. Melrose Avenue comprises an approximately 9,321-square-foot lot with roughly 4,121 square feet of existing improvements (Vacant 5 units- Fourplex + House). Zoned C4-1VL and identified as a TOC Tier 3 site. Possible Transit Priority Area, Housing Element Site, and multiple potential pathways for residential or mixed-use development, including density incentives and reduced parking requirements under AB 2097. The site may also qualify for the City of Los Angeles Executive Directive 1 program for eligible 100% affordable housing projects. Centrally located near Silver Lake, Virgil Village, Hollywood, Larchmont Village, Los Angeles City College, Paramount Studios, and the Metro B Line, with convenient access to DTLA and the 101 Freeway. A compelling opportunity for affordable housing developers, multifamily builders, and investors seeking a well-positioned infill site along a major Los Angeles corridor. Buyer to independently verify all zoning, density, incentives, development potential, permit requirements, and governmental approvals. This is a probate sale. The executor has Full Authority, and the sale is not anticipated to require court confirmation. The sale remains subject to applicable probate procedures.
Additional Information
- Other Buildings
- None
- Heat
- None
- Cooling
- None
- Number of Cars in Garage
- Other
Mortgage Calculator
Courtesy of Nourmand & Associates-HW, Christopher Furstenberg - CA DRE#01208924
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