5426 Melrose Avenue, Los Angeles CA, 90038

Active

5426 Melrose Avenue

Los Angeles CA, 90038

$5,500,000

$785.71 per sqft

Active

7,000 sqft

Commercial

Listed by Roger Phillips with Keller Williams Realty (310) 721-2896

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).

P1-18666

MLSⓇ ID

July 26, 2024

Listed

October 4, 2024

Updated

Map

5426 Melrose Avenue
Los Angeles CA, 90038

Interior Features

Fireplace: No
Cooling: Yes
Heating: Yes

Exterior/Building Features

Lot Size: 10,124 Acres
Lot Features: Corner Lot, Sprinklers None

Other Property Details

Area Name: C20 - Hollywood
Days on Market: 13
Garage: No
Parking Total: 0
View: No
County: Other
Water Source: Public
Pool: No

Listing Contact: (626) 204-3300

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/4/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/4/2024 at 2:02 AM UTC