$1,700,000

5725 Melrose Avenue, Los Angeles, CA 90038

Land
Built in ——
6,425sqft lot
—— car garage
$——/sqft
Listed 5 months ago

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.

Listing Status:: Active
Date Added:: June 16, 2025 at 05:00AM
Listing Office:: Marcus & Millichap : 310-909-5500
Listing Agent:: Neema Ahadian : 310-909-5444
MLS ID:: 25557921

Parking: Parking spaces: 0

Originating MLS: CRMLS
County: Los Angeles

Zoning: C2-1D5534036019
View: None

Source: CRMLS

This listing courtesy of Neema Ahadian, Marcus & Millichap

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Vine Street Elementary

955 Vine St, Los Angeles, CA, 90038

Grades KG-6

0.30 miles away

Bancroft Middle School

929 N Las Palmas Ave, Los Angeles, CA, 90038

Grades 6-8

0.70 miles away

Richard A. Alonzo Community Day

5755 Fountain Ave, Los Angeles, CA, 90028

Grades 7-12

0.96 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.