5725 Melrose Ave
Multiple Use Scenarios | Development Opportunity | C2-1D Zoning
Marketing description
• Prime Melrose Avenue Development Opportunity – Rare vacant land offering in the heart of Central Los Angeles, providing a clean development site with no tenant relocation requirements and an immediate path to construction.
• Multiple Development Strategies Available – The site supports approximately 17 units by-right, 28 units utilizing TOC incentives, or significantly greater density through ED-1 streamlining, allowing developers to tailor the project to their preferred investment strategy.
• ED-1 Potential for High-Density Affordable Housing – The property's zoning and location may support a 100% affordable housing development of approximately 40 to 50 units with ministerial approval and no discretionary review, subject to buyer verification.
• Tier 3 TOC Location Enhances Development Economics – Situated within a Tier 3 Transit Oriented Communities zone, the site benefits from density incentives that can significantly increase project scale and feasibility.
• Hancock Park Adjacent with Strong Residential Demand – Located near some of Los Angeles' most desirable residential neighborhoods, the site is well positioned for boutique multifamily, townhome, or small-lot subdivision development targeting owner-occupiers and renters alike.
• Exceptional Demographics Support Future Absorption – Average household incomes exceeding $91,000 within a five-mile radius and nearby home values surpassing $1 million create a strong foundation for long-term residential demand.
• Flexible C2-1D Zoning Allows Alternative Uses – In addition to residential development, the zoning accommodates a variety of commercial uses including creative office, mixed-use projects, retail concepts, and EV charging facilities.
• Strategically Positioned Near Major Entertainment Employers – Located less than half a mile from Paramount Studios, the property benefits from proximity to one of Los Angeles' largest concentrations of media, entertainment, and creative industry employment.
• Walkable Lifestyle Location in a High-Barrier-to-Entry Submarket – Residents and tenants enjoy walkable access to the retail and dining amenities of Larchmont Village, as well as proximity to prestigious neighborhood institutions and recreational amenities.
• Outstanding Connectivity Throughout Los Angeles – With a Walk Score of 93 and convenient access to the 101 Freeway, the property offers seamless connectivity to Hollywood, West Hollywood, Beverly Hills, Los Feliz, Koreatown, and Downtown Los Angeles.
• Rare Infill Development Site with Long-Term Appreciation Potential – Combining flexible zoning, strong demographics, transit-oriented density incentives, and an irreplaceable Central Los Angeles location, the property presents a compelling opportunity for both developers and long-term investors.
Investment highlights
The Ben Lee Group is pleased to present 5725 Melrose Ave, a vacant lot totaling 6,424 SF zoned C2-1D in a Tier 3 TOC location along one of Los Angeles' most recognized and high-demand corridors. Situated in the Hancock Park and Larchmont Village neighborhood of Central Los Angeles, the site offers a clean canvas for development with no relocation required, providing an immediate and low-friction path to construction for a wide range of buyer profiles.
The site supports 17 units by-right, 28 units utilizing TOC incentives, or greater density through ED-1 streamlining, which can unlock a 100% affordable project at 40 to 50 units with expedited ministerial approval and no discretionary review. For market-rate developers, the site's scale and Hancock Park adjacency support a boutique townhome or small-lot subdivision targeting owner-occupiers priced out of surrounding single-family neighborhoods, where median home values exceed $1MM. Buyer to verify all unit counts.
The submarket fundamentals are equally strong, with average household income of $91,486 within a 5-mile radius and median home values exceeding $1MM within two miles of the site. These demographics reflect the depth and quality of demand in this pocket of Central LA, supporting confident underwriting across a range of development strategies and exit profiles.
Beyond multifamily, the C2-1D zoning supports a broad range of alternative uses including creative office, EV charging infrastructure, and mixed-use retail concepts well-suited to the Melrose corridor's established entertainment and creative tenant base. Located less than half a mile from Paramount Studios, the site sits at the center of LA's media and entertainment industry, surrounded by a dense concentration of creative employers and production-adjacent businesses that drive consistent demand for both office and residential product in the area.
The property sits within walking distance of the boutique retail and dining along N Larchmont Blvd and just down the street from the Wilshire Country Club, Los Angeles Tennis Club, and the Marlborough School, anchoring the neighborhood's strong residential character and high barriers to entry. With a walk score of 93 and easy freeway access via the 101, the site offers seamless connectivity to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea, making it a natural fit for renters, owner-occupiers, and creative office tenants alike.
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