5426 Melrose AveLos Angeles, CA 90038

Property Details for 5426 Melrose Ave

Property size (Sq ft)

7,000 SF

Property type

Residential income properties

Property subtype

Other office properties

Description

This exceptional commercial property, located at 5426 & 5434 Melrose Avenue in Los Angeles, CA 90038, presents a unique redevelopment opportunity. The property encompasses two contiguous parcels (APN 5523-025-009 & 012), totaling approximately 10,124 square feet (0.23 acres) of land and includes 7,000 square feet of existing vacant structures. Its prime corner location offers excellent visibility and convenient access, enhanced by alley access. The C2-1 zoning allows for a diverse range of commercial uses, including office, hotel, clinics, retail, limited manufacturing, broadcasting studios, and restaurants, with a 1.5:1 floor area ratio (FAR). Residential development is also permitted under R4 zoning, with a base density of 400 square feet of land per dwelling unit at a 3:1 FAR. This strategic location places the property near the Paramount Pictures Studio Lot, Larchmont Village, Hollywood, and major transportation arteries, including the 101 Freeway. The property's designation within a Small Difficult Development Area (per the 2024 HUD map) may offer additional planning incentives. Furthermore, its location within the City of Los Angeles' "Restaurant Beverage Program Eligible Area" streamlines the process for restaurants seeking alcohol permits. This versatile property offers significant potential for a variety of development projects. Asking price is $5,500,000.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0835

Longitude

-118.319

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