Description
We are proud to exclusively present for sale a redevelopment opportunity in the Melrose Hill neighborhood of Los Angeles. Build 16+/- Residential Units plus ADUs by TOC or focus on 100% Affordable Housing and build approximately 32+/- Units. The 7,265 SF C1-1D Tier 2 Lot is located on Melrose Ave., between N. Oxford Ave. & Hobart Blvd. With easy access to the 101 freeway, this central location makes a commute to Downtown or anywhere in Los Angeles a breeze. Plan Check for Demoing the vacant SFR is completed and RTI! With an SB8 Replacement Unit Determination Letter stating that "No units are subject to replacement as an affordable 'protected unit' on this site", a Developer can build by right without needing to dedicate any units to low income/affordable housing. Or maximize density and go 100% Affordable Housing! This site is tucked in between Hollywood, East Hollywood and Koreatown - all of these areas in Los Angeles are going through tremendous redevelopment and all have great nightlife and amenities for future residents. Walk Score calls this area a Walker's Paradise! The home is currently boarded up and vacant (after some fire damage) and will be delivered vacant.
Location
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"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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 29th November, 2023 7:22 AM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 29th November, 2023 7:22 AM (UTC)
Listing Agent: Dario Svidler
Listing Office: Keller Williams Beverly Hills
