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Map
$1,121,056*
●
Land -
Off Market
4867 Melrose Ave
Los Angeles, CA 90029
Studio
0 Bath
$990,000 - $1,208,000
Reference Base Price*
2.01%
Since Jun 1, 2023
CA-Los Angeles
Primary Model
About This Property
REDUCED! We are proud to exclusively present for sale a
redevelopment opportunity in the Melrose Hill neighborhood of Los
Angeles that is asking for a new life. 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. Currently, the plan check for demoing the single family
residence is completed! The Seller has begun Plan Check work
to build a 3 Unit Apartment Building and 2 ADUsthough a Buyer can
pivot to up to 16 Units plus ADUs. 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. Plans are available for a
quick 5 unit project (recently submitted to Plan Check) or max out
density via TOC and build 16 & ADUs. 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.
The home is currently boarded up and vacant (after some fire
damage) and will be delivered vacant.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1913
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 1, 2024 | No longer available | - | |
No longer available | |||
Dec 1, 2023 | In contract | - | |
In contract | |||
Oct 11, 2023 | Listed | $995,000 | |
Listed | |||
|
|||
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…
|
|||
Aug 5, 2023 | No longer available | - | |
No longer available | |||
Jun 20, 2023 | Listed | $999,000 | |
Listed | |||
|
|||
Seller has found upleg and is ready to sell! 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…
|
Show More
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
House
3
Beds
3.5
Baths
1,580 ft²
$693/ft²
$1,095,000
Oct 5, 2023
-
$309/mo
Active
Multifamily
4
Beds
4.5
Baths
2,634 ft²
$379/ft²
$999,000
Nov 24, 2023
-
-
In Contract
House
3
Beds
2
Baths
1,260 ft²
$793/ft²
$999,000
Jul 19, 2023
-
-
Active
Multifamily
4
Beds
6
Baths
3,704 ft²
$351/ft²
$1,299,098
Jun 12, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
01/11/2023
|
|
Loft
|
-
|
-
|
$1,475,000
Loft
-
|
-
-
|
-
|
Dario Svidler
Compass
|
Building Info
4867 Melrose Avenue
4867 Melrose Avenue, Los Angeles, CA 90029
- 1 Unit for Sale
About Central LA
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