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- LoopNet Team
5570 Melrose Ave
Los Angeles, CA 90038
Melrose Development Opportunity · Land For Sale · 0.43 AC
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.43 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.43 AC |
Description
CBRE is pleased to present a development opportunity in the highly desirable Hancock Park/Larchmont Village area of Los Angeles. Situated on Melrose, opposite the iconic Paramount Studios, the site consists of two parcels totaling approximately 18,722 square feet. This .43-acre site is less than 1.5 miles from the US -101 providing convenient access to Downtown Los Angeles and the San Fernando Valley. Well suited for a mixed-use development, the site consists of a commercial zoned parcel and a residential zoned parcel. Several successful recent developments in the area include Larchmont Lofts, the LC, and Rios Clementi Hale Studios.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,163,006 | |
| Land Assessment | $8,348,037 | Total Assessment | $10,511,043 |
PROPERTY TAXES
zoning
| Zoning Code | LAR3 & C2 |
| LAR3 & C2 |
