CA > Los Angeles
Los Angeles, CA 90029,4318 Melrose AVE
Los Angeles, CA 90029,4318 Melrose AVE
Los Angeles, CA 90029,4318 Melrose AVE
14
See all 14 photos
$8,900,000
Est. payment /mo
Save
0.63 Acres Lot
Active

4318 Melrose AVE Los Angeles, CA 90029

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
13
Jun
Sat
14
Jun
Sun
15
Jun
Brent Cate

Brent Cate

+1(559) 304-6188

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25522489

HOA Y/N No

Lot Size 0.632 Acres

Property Description

We are pleased to present an exceptional investment and land banking opportunity at 4318 Melrose Avenue and 658 Heliotrope Drive, offered at $8,900,000, $7,400,000 for the Melrose store-front retail center and $1,500,000 for the Heliotrope parcel. Situated on a combined 27,526 SF lot with LAC2 and LAR3 zoning, the property allows for a future development of up to 241 residential units (the Melrose parcel can accommodate building 150 units using CHIP TOIA T2 and the Heliotrope parcel can accommodate the development of 91 units using ED-1 and 55 units using AB 2335), that's less that $37,000 per buildable door for prime East Hollywood. The existing improvements include a 13,540 SF multi-tenant retail and office building with seven units, two currently vacant, offering strong income potential and immediately expiring leases that allow for favorable renegotiation. The Heliotrope parcel serves as dedicated tenant parking with 38 total spaces. Strategically positioned at a high-visibility corner, the property is just two blocks from the 101 Freeway and between two Metro Red Line stations, ensuring excellent accessibility. Surrounded by the vibrant Virgil Village dining scene, Erewhon Silver Lake, and cultural hotspots, this offering presents an unparalleled opportunity for investors seeking strong cash flow, value-add potential, and long-term redevelopment in one of Los Angeles' most dynamic neighborhoods.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAC2

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

Lot Description Corners Marked

New Construction No

Others

Senior Community No

Tax ID 5538030019

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Oron Maher • Maher Commercial Realty

GET MORE INFORMATION

agent

Brent Cate

License ID: 01482878

+1(559) 304-6188

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Modern Broker, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

4318 Melrose AVE

QUICK SEARCH
There are 19 quick searches