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.
Details
MLS #
26823233
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Days On Site
124
Listing Provided By
Lyon Stahl Investment Real Estate, Inc. | Benjamin Lee
Features
Zoning
LAC2
Acreage
0.15
Property View
None
Exterior
Lot Features
Rectangular Lot, Value In Land
Area Information
State
CA
County
Los Angeles
City
Los Angeles
Zip Code
90038
Area
C20 Hollywood
Listing VS Median (in 90038)
Price: $1,573,000
low | high
Med: $939,000
90.305149396058% of Average
On site: 124
low | high
Med: 102
100% of Average
Sourced by Back At You
Market Activity 90038
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Jun 2026
Sales: 5
Avg $ Per SqFt: $551.81
Min Sale Price: $539,000
Max Sale Price: $1,282,600
Med Sale Price: $840,000
Date: May 2026
Sales: 6
Avg $ Per SqFt: $692.03
Min Sale Price: $887,000
Max Sale Price: $2,820,000
Med Sale Price: $950,000
Date: Apr 2026
Sales: 7
Avg $ Per SqFt: $548.87
Min Sale Price: $805,000
Max Sale Price: $2,750,000
Med Sale Price: $1,425,000
Date: Mar 2026
Sales: 5
Avg $ Per SqFt: $559.47
Min Sale Price: $700,000
Max Sale Price: $1,850,000
Med Sale Price: $1,205,000
Date: Feb 2026
Sales: 3
Avg $ Per SqFt: $496.35
Min Sale Price: $624,000
Max Sale Price: $1,480,000
Med Sale Price: $1,052,000
Date: Jan 2026
Sales: 3
Avg $ Per SqFt: $611.36
Min Sale Price: $762,500
Max Sale Price: $1,350,000
Med Sale Price: $1,190,000
Date: Nov 2025
Sales: 1
Avg $ Per SqFt: $547.61
Min Sale Price: $1,225,000
Max Sale Price: $1,225,000
Med Sale Price: $1,225,000
Date: Oct 2025
Sales: 2
Avg $ Per SqFt: $500.77
Min Sale Price: $700,000
Max Sale Price: $900,000
Med Sale Price: $800,000
Date: Sep 2025
Sales: 3
Avg $ Per SqFt: $614.73
Min Sale Price: $1,180,000
Max Sale Price: $1,300,000
Med Sale Price: $1,200,000
Sourced by Back At You
Jun 2026
Sales:
5
Avg $ Per SqFt:
$551.81
Min Sale Price:
$539,000
Max Sale Price:
$1,282,600
Med Sale Price:
$840,000
May 2026
Sales:
6
Avg $ Per SqFt:
$692.03
Min Sale Price:
$887,000
Max Sale Price:
$2,820,000
Med Sale Price:
$950,000
Apr 2026
Sales:
7
Avg $ Per SqFt:
$548.87
Min Sale Price:
$805,000
Max Sale Price:
$2,750,000
Med Sale Price:
$1,425,000
Mar 2026
Sales:
5
Avg $ Per SqFt:
$559.47
Min Sale Price:
$700,000
Max Sale Price:
$1,850,000
Med Sale Price:
$1,205,000
Feb 2026
Sales:
3
Avg $ Per SqFt:
$496.35
Min Sale Price:
$624,000
Max Sale Price:
$1,480,000
Med Sale Price:
$1,052,000
Jan 2026
Sales:
3
Avg $ Per SqFt:
$611.36
Min Sale Price:
$762,500
Max Sale Price:
$1,350,000
Med Sale Price:
$1,190,000
Nov 2025
Sales:
1
Avg $ Per SqFt:
$547.61
Min Sale Price:
$1,225,000
Max Sale Price:
$1,225,000
Med Sale Price:
$1,225,000
Oct 2025
Sales:
2
Avg $ Per SqFt:
$500.77
Min Sale Price:
$700,000
Max Sale Price:
$900,000
Med Sale Price:
$800,000
Sep 2025
Sales:
3
Avg $ Per SqFt:
$614.73
Min Sale Price:
$1,180,000
Max Sale Price:
$1,300,000
Med Sale Price:
$1,200,000
MLS#: 26823233 Listed By: Benjamin Lee - Lyon Stahl Investment Real Estate, Inc. - 3104259838-
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MLS#: 26823233 Listed By: Benjamin Lee - Lyon Stahl Investment Real Estate, Inc. - 3104259838-
