5212 Melrose Ave, Los Angeles, CA 90038 For Sale

Rare Hollywood Development Opportunity Near Paramount Studios, Raleigh Studios and Larchmont Village

Vacant land

Ideal for Small Lot subdivision Ordinance (“SLO”) townhome development

Townhomes are considered to be one of the most active and sought-after types of residential development in the greater LA area

Adjacent to Osteria La Buca, a Highly Acclaimed Italian Restaurant/bar

Billboard Income

Located in Tier 2 TOC (Per Zimas)

AB 2334 site (per ZIMAS) - allows unlimited density and additional height for eligible affordable housing projects

Walk Score 90 Out of 100 (Walker’s Paradise)

Located in an Area Experiencing Tremendous Growth Due to Its Desirable Proximity to the Studios and Well-paying Jobs as Well as Melrose and Larchmont Village Amenities

Paramount Studios’ Master Plan for a Major Internal Expansion to Add 1.4m SF Has Been Approved

**Proforma for development of 9 SLO townhomes available upon request.