5725 Melrose Ave Los Angeles, CA 90038
Hollywood NeighborhoodEstimated payment $11,155/month
About This Lot
We are pleased to present 5725 Melrose Ave, a vacant lot totaling 6,424 SF zoned C2-1D in a Tier 3 TOC located in a prime location on Melrose Ave in the Hancock Park & Larchmont Village neighborhood of Los Angeles. Ideal multifamily development opportunity with the ability to build 17 units by-right, 28 units if the TOC incentives are utilized, or additional density via ED-1 (Buyer to verify). Ideal location just down the street from Wilshire Country Club, Los Angeles Tennis Club and the Marlborough School; walking distance to numerous retail amenities along N Larchmont Blvd and half a mile from Paramount Studios; high walk score of 93. Located in a submarket with strong demographics; average household income of $91,486 within a 5-mile radius of the subject property and median home value of over $1 MM within two miles. Central location with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. Unique opportunity to acquire a vacant lot with strong density potential and no relocation required.
Property Details
Property Type
- Land
Est. Annual Taxes
- $22,698
Lot Details
- 6,424 Sq Ft Lot
- Property is zoned C2-1D
Listing and Financial Details
- Assessor Parcel Number 5534-036-019
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $22,698 | $1,896,380 | $1,896,380 | -- |
| 2024 | $22,698 | $1,859,197 | $1,859,197 | -- |
| 2023 | $22,259 | $1,822,743 | $1,822,743 | $0 |
| 2022 | $21,225 | $1,787,003 | $1,787,003 | $0 |
| 2021 | $20,984 | $1,751,964 | $1,751,964 | $0 |
| 2019 | $20,357 | $1,700,000 | $1,700,000 | $0 |
| 2018 | $9,087 | $737,397 | $737,397 | $0 |
| 2016 | $8,714 | $708,764 | $708,764 | $0 |
| 2015 | $8,639 | $698,118 | $698,118 | $0 |
| 2014 | $8,620 | $684,443 | $684,443 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | For Sale | $1,700,000 | 0.0% | -- |
| 10/09/2018 10/09/18 | Sold | $1,700,000 | -19.0% | -- |
| 08/06/2018 08/06/18 | Price Changed | $2,100,000 | -8.7% | -- |
| 07/16/2018 07/16/18 | For Sale | $2,300,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,700,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | Old Republic Title Company | |
| Trustee Deed | $549,269 | Accommodation | |
| Grant Deed | $985,000 | North American Title | |
| Grant Deed | -- | Pacific Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $125,000 | New Conventional | |
| Open | $1,700,000 | Unknown | |
| Previous Owner | $690,000 | Commercial | |
| Previous Owner | $330,000 | Commercial | |
| Previous Owner | $40,000 | Commercial | |
| Previous Owner | $500,000 | Commercial | |
| Previous Owner | $300,000 | Commercial | |
| Previous Owner | $70,000 | Commercial | |
| Previous Owner | $70,000 | Commercial | |
| Previous Owner | $195,000 | Commercial | |
| Previous Owner | $140,000 | Commercial | |
| Previous Owner | $120,000 | Commercial | |
| Previous Owner | $150,000 | Seller Take Back |
Source: The MLS
MLS Number: 25557921
APN: 5534-036-019
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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