$1,700,000
0.15 Acre Lot

5725 Melrose Avenue, Los Angeles, California 90038

  • Land Property Type
Property Description

We are pleased to present 5725 Melrose Ave, a vacant lot totaling 6,424 SF zoned C2-1D in a Tier 3 TOC located in a prime location on Melrose Ave in the Hancock Park & Larchmont Village neighborhood of Los Angeles. Ideal multifamily development opportunity with the ability to build 17 units by-right, 28 units if the TOC incentives are utilized, or additional density via ED-1 (Buyer to verify). Ideal location just down the street from Wilshire Country Club, Los Angeles Tennis Club and the Marlborough School; walking distance to numerous retail amenities along N Larchmont Blvd and half a mile from Paramount Studios; high walk score of 93. Located in a submarket with strong demographics; average household income of $91,486 within a 5-mile radius of the subject property and median home value of over $1 MM within two miles. Central location with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. Unique opportunity to acquire a vacant lot with strong density potential and no relocation required.

Basic Details
Land
For Sale
25557921
$1,700,000
None
0.15 Acre
Active
Features
$0
Address Map
CA
Los Angeles
Los Angeles
90038
Melrose
5725
Avenue
Melrose Ave just east of Vine St
C20 - Hollywood
C2-1D
Additional Information
$0
$0
$0
$0
$0
2025-06-16
Broker/Agent Information
Marcus & Millichap
Neema Ahadian
Listing Information
CLW-C104547
CLW-X7515101
Active
2025-06-27T00:31:59Z
CRMLS
: Standard
2025-06-16T00:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069