4867 Melrose Avenue
Los Angeles, CA 90029
- – beds
- – baths
- – sqft
- 7,266 sqft lot
- – on site
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We are proud to exclusively present for sale a redevelopment opportunity in the Melrose Hill neighborhood of Los Angeles. Build 16+/- Residential Units plus ADUs by TOC or focus on 100% Affordable Housing and build approximately 32+/- Units. The 7,265 SF C1-1D Tier 2 Lot is located on Melrose Ave., between N. Oxford Ave. & Hobart Blvd. With easy access to the 101 freeway, this central location makes a commute to Downtown or anywhere in Los Angeles a breeze. Plan Check for Demoing the vacant SFR is completed and RTI! With an SB8 Replacement Unit Determination Letter stating that "No units are subject to replacement as an affordable 'protected unit' on this site", a Developer can build by right without needing to dedicate any units to low income/affordable housing. Or maximize density and go 100% Affordable Housing! This site is tucked in between Hollywood, East Hollywood and Koreatown - all of these areas in Los Angeles are going through tremendous redevelopment and all have great nightlife and amenities for future residents. Walk Score calls this area a Walker's Paradise! The home is currently boarded up and vacant (after some fire damage) and will be delivered vacant.
Listed By CRMLS_CA / Dario Svidler / Keller Williams Beverly Hills
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Last updated Feb 27, 2024
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MLS# 23320399 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/22/24
Feb 22, 2024
|
Sold | CRMLS_CA | $950,000 | -4.5% |
11/29/23
Nov 29, 2023
|
Pending | CRMLS_CA | $995,000 | |
10/11/23
Oct 11, 2023
|
Listed / Active | CRMLS_CA | $995,000 |