19
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$2,950,000
Est. payment /mo
7,000 SqFt
Pending
5426 Melrose Avenue Los Angeles, CA 90038
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $421
MLS Listing ID CRP1-22145
HOA Y/N No
Year Built 1936
Property Sub-Type Mixed Use
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
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5523025012
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Listed by Roger Phillips • Keller Williams Realty
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289