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4401 Melrose Ave - Melrose Development Site 0.16 Acres of Commercial Land Offered at $1,758,750 CAD in Los Angeles, CA 90029
Executive Summary
INVESTMENT HIGHLIGHTS
• Strategic Corner Position: Command the intersection of Melrose and Madison with a prominent corner profile, offering superior architectural presence and multiple signage opportunities.
• Tier 3 TOC Incentives: Utilize the Transit Oriented Communities program to maximize residential density and floor area ratio (FAR), significantly enhancing the project's overall yield.
• LACC Campus Adjacency: Located directly across from Los Angeles City College, providing a captive market for student housing or campus-serving commercial uses.
• Medical District Proximity: Situated minutes from Kaiser Permanente and Children’s Hospital Los Angeles, making the site an ideal location for workforce housing targeting healthcare professionals.
• Transit-Centric Connectivity: Exceptional access to the Metro B Line (Red) at Vermont/Santa Monica, ensuring seamless connectivity to Downtown LA, Hollywood, and beyond.
• Virgil Village Influence: Bordering the creative energy of Virgil Village, the site benefits from a dense concentration of Michelin-recognized dining and trendy retail amenities.
• Strategic Corner Position: Command the intersection of Melrose and Madison with a prominent corner profile, offering superior architectural presence and multiple signage opportunities.
• Tier 3 TOC Incentives: Utilize the Transit Oriented Communities program to maximize residential density and floor area ratio (FAR), significantly enhancing the project's overall yield.
• LACC Campus Adjacency: Located directly across from Los Angeles City College, providing a captive market for student housing or campus-serving commercial uses.
• Medical District Proximity: Situated minutes from Kaiser Permanente and Children’s Hospital Los Angeles, making the site an ideal location for workforce housing targeting healthcare professionals.
• Transit-Centric Connectivity: Exceptional access to the Metro B Line (Red) at Vermont/Santa Monica, ensuring seamless connectivity to Downtown LA, Hollywood, and beyond.
• Virgil Village Influence: Bordering the creative energy of Virgil Village, the site benefits from a dense concentration of Michelin-recognized dining and trendy retail amenities.
Property Facts
1 Lot Available
Lot
| Price | $1,758,750 CAD | Lot Size | 0.16 AC |
| Price Per AC | $10,992,187.08 CAD |
| Price | $1,758,750 CAD |
| Price Per AC | $10,992,187.08 CAD |
| Lot Size | 0.16 AC |
4401 Melrose Avenue: a prime corner development site located at the intersection of Melrose & N. Madison. Positioned on the northwest corner and extending toward N. Edgemont Street, this site offers high-visibility frontage adjacent to LACC
Description
The property is directly adjacent to the Los Angeles City College (LACC) campus and within the Vermont/Western SNAP. It is uniquely positioned for a high-density project designed to serve the medical, academic, and creative workforce of East Hollywood and Virgil Village.
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Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5538-015-028 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,290,753 CAD | Total Assessment | $1,290,753 CAD |
Property Taxes
Parcel Number
5538-015-028
Land Assessment
$1,290,753 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,290,753 CAD
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4401 Melrose Ave - Melrose Development Site
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