4855 Melrose Ave, Los Angeles, CA 90029
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4855 Melrose Ave Los Angeles, CA 90029

$2,700,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$2,700,000 Get Pre-Qualified

Map preview of 4855 Melrose Ave, Los Angeles, CA 90029

Property Overview: 4855 Melrose Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 13,230 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are proud to present for sale a double vacant lot in the Melrose Hill neighborhood just east of Hollywood. Build up to 66+/- units with ED1 and work with the slight slope to fit parking at street level (if any parking at all) while building up towards the slope. Super central, just north of Koreatown and half a mile to the Metro Subway Station, this property has tremendously easy access to the 101 but also boasts the Walker's Paradise designation by Walk Score! With 13,230 SF (after a 13 foot dedication) of C1-1D Tier 2 vacant land spanning 100 feet of frontage on the world famous Melrose Ave., there are no RSO, no Replacement Issues, a Clean Phase 1, and no Entitlements to free your hand to design the talk of the town! The By-Right FAR can be maximized utilizing the Tier 2 TOC or Density Bonus! The neighborhood is changing and improving, with a lot of new and recent construction all around, including projects currently in Plan Check. Just a hop and a skip to Melrose and Western, with all of the new shops, restaurants, bars and much more! Listing includes two APNs: 5535-029-034 & 5535-029-035.

Listed by Dario Svidler | BRE #01884474 | Keller Williams Beverly Hills
Last checked: 9 minutes ago | Last updated: April 4th, 2024 | Source CRMLS | DOM: 30
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Home details

Lot Sq. Ft
13,230
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
24373595
City
Los Angeles
County
Los Angeles
Time on Site
36 days

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Property Details for 4855 Melrose Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • Parcel Number: 5535029034
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Just east of Western Ave. and just south of the 101.
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Sale History for 4855 Melrose Ave

Last sold on September 26th, 2000
  • March, 2024

  • Mar 27, 2024

    Date

    Active

    CRMLS: 24373595

    $2,700,000

    Price

  • September, 2000

  • Sep 26, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 4855 Melrose Ave

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $343,170 -- --

Home Value Compared to the Market

This property vs the competition

4855 Melrose Ave is listed 120.41% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000.

About 4855 Melrose Ave

Detailed summary of property

4855 Melrose Ave is a land located in Los Angeles, CA 90029 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 13,230 square foot lot. 4855 Melrose Ave was first listed on ArdentRealEstateGroup.com on March 27, 2024. The homeowner is currently asking $2,700,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 120.41% higher than the median priced home. Local competing homes currently for sale include 1637 S Vermont Ave, 1547 Sunset Plaza Dr and 738 Kohler St. While the average home in Los Angeles, CA is selling in 96 days, 4855 Melrose Ave has a days on market of 30 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 4855 Melrose Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4855 Melrose Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
6,615
Stories
--
Type
Commercial (General)
Pool
No
Spa
No
County
Los Angeles
Lot#
62
APN
5535-029-034

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$802
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
33
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Related Resources to 4855 Melrose Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.