Active
5426 Melrose Avenue
Los Angeles CA, 90038
$4,500,000
$642.86 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
December 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
131
Garage
No
Parking Total
0
View
No
County
Other
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
12/4/2024 | Price change | $4,500,000 -19% |
Listing Contact: (626) 204-3300
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/4/2024. 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.
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Data last updated on 12/4/2024 at 9:38 PM UTC