Property listed by Nourmand & Associates-HW, Christopher Furstenberg 323-462-6262
$2,195,000
Exceptional development opportunity in the heart of East Hollywood. Delivered 100% vacant, 4149-4153 W. Melrose Avenue comprises an approximately 9,321-square-foot lot with roughly 4,121 square feet of existing improvements (Vacant 5 units- Fourplex + House). Zoned C4-1VL and identified as a TOC Tier 3 site. Possible Transit Priority Area,… Read More Housing Element Site, and multiple potential pathways for residential or mixed-use development, including density incentives and reduced parking requirements under AB 2097. The site may also qualify for the City of Los Angeles Executive Directive 1 program for eligible 100% affordable housing projects. Centrally located near Silver Lake, Virgil Village, Hollywood, Larchmont Village, Los Angeles City College, Paramount Studios, and the Metro B Line, with convenient access to DTLA and the 101 Freeway. A compelling opportunity for affordable housing developers, multifamily builders, and investors seeking a well-positioned infill site along a major Los Angeles corridor. Buyer to independently verify all zoning, density, incentives, development potential, permit requirements, and governmental approvals. This is a probate sale. The executor has Full Authority, and the sale is not anticipated to require court confirmation. The sale remains subject to applicable probate procedures. Read Less
Listing Snapshot
Days Online
43
Last Updated
Beds
5
3/4 Baths
5
Square Ft.
4,121
Lot Size
0.21 Acres
Year Built
1924
MLS Number
26873127
Additional Details
Building
Built in 1924, Living area: 4121.0, 2 buildings, Levels: One
Cooling
None
Heating
None
Lot
0.214 acres
Property
Fixer, RepairsMajor
Taxes
Parcel Number: 5539021016, Zoning: LAC4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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