C4-1VL Commercial
For Sale
$2,195,000
4149 Melrose Ave, Los Angeles, CA 90029
Vacant infill parcel with existing improvements and C4-1VL zoning along Melrose Avenue.
Property Size4,121 SF
Days on Market50
Property Features for 4149 Melrose Ave
General Information
Standard status
Active
Size
4,121 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
4,121 SF
Year Built
1924
Listing Agency:
Nourmand & Associates-HW
Listed By:
Christopher Furstenberg · License #01208924
(323) 422-2244
Source:
Rochellemaize
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 5 at 10:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nourmand & Associates-HW
Investment Insights
Based on property information with market context.
This vacant commercial land offering includes an approximately 9,321-square-foot lot with roughly 4,121 square feet of existing improvements. The structures are described as a tear-down configuration containing five units: a fourplex and a separate house. The property is zoned C4-1VL and identified as a TOC Tier 3 site.
The site occupies a stretch of Melrose Avenue in East Hollywood, near Silver Lake, Virgil Village, Hollywood, Larchmont Village, Los Angeles City College, Paramount Studios, and the Metro B Line. Downtown Los Angeles and the 101 Freeway are also accessible from the property. Potential development considerations identified for the site include residential or mixed-use pathways, density incentives, reduced parking requirements under AB 2097, and possible eligibility for certain affordable-housing programs, subject to independent verification and required approvals. The sale is being conducted through probate, with the executor holding Full Authority.
The site occupies a stretch of Melrose Avenue in East Hollywood, near Silver Lake, Virgil Village, Hollywood, Larchmont Village, Los Angeles City College, Paramount Studios, and the Metro B Line. Downtown Los Angeles and the 101 Freeway are also accessible from the property. Potential development considerations identified for the site include residential or mixed-use pathways, density incentives, reduced parking requirements under AB 2097, and possible eligibility for certain affordable-housing programs, subject to independent verification and required approvals. The sale is being conducted through probate, with the executor holding Full Authority.
Key Highlights
- Approximately 9,321‑square‑foot lot
- Roughly 4,121 square feet of existing improvements
- Vacant tear‑down configuration with 5 units: fourplex plus house
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,216
Businesses Nearby
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Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant infill parcel with existing improvements and C4-1VL zoning along Melrose Avenue.
Where is this commercial land located?
The property is located at 4149 Melrose Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Approximately 9,321‑square‑foot lot; Roughly 4,121 square feet of existing improvements; Vacant tear‑down configuration with 5 units: fourplex plus house
