REDUCED! We are proud to present for sale a double vacant lot in the Melrose Hill neighborhood just east of Hollywood. Build up to 66+/- units with ED1 and work with the slight slope to fit parking at street level (if any parking at all) while building up towards the slope. Super central, just north of Koreatown and half a mile to the Metro Subway Station, this property has tremendously easy access to the 101 but also boasts the Walker's Paradise designation by Walk Score! With 13,230 SF (after a 13 foot dedication) of C1-1D Tier 2 vacant land spanning 100 feet of frontage on the world famous Melrose Ave., there are no RSO, no Replacement Issues, a Clean Phase 1, and no Entitlements to free your hand to design the talk of the town! The By-Right FAR can be maximized utilizing the Tier 2 TOC or Density Bonus! The neighborhood is changing and improving, with a lot of new and recent construction all around, including projects currently in Plan Check. Just a hop and a skip to Melrose and Western, with all of the new shops, restaurants, bars and much more! Listing includes two APNs: 5535-029-034 & 5535-029-035.
Property Type :
Land
County :
Los Angeles
Style :
Land
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ByOwner last updated this listing 05/18/2024 @ 16:50
MLS: 24373595
LISTED BY: Dario Svidler, Keller Williams Beverly Hills
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
