$16,250,000

5700 Melrose Avenue Los Angeles, California 90038

Beds: 0
Baths: 1.50
Sq Ft: 0
Type: Residential
MLS#: NM_56616261
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$5,051
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21 lofts ranging from 1,193 square foot 1.5 bath single-level corner units and 1,203 square foot 2 bath single-level center units to dramatic tri-level 1,709 square foot units with almost 800 square feet of patio space each. Built in 2008 with both a Condo Map and Final Subdivision Report (White Paper) in place, this investment is extremely flexible and can be: 1) Operated as an Apartment Building, 2) Operated as high rent furnished studio rentals or 3) Sold individually as condominiums. Additionally, there are two value added opportunities worth exploring: 1) The conversion of a portion of the unused common area into either income producing storage or a small retail storefront or 2) Adding billboards to the building when the LA City advertising policy pendulum swings as it typically does every 10-15 years.

Located on the southwest corner of Melrose and Larchmont in Larchmont Village (Hancock Park). This is a true "Main and Main" location next to one of the busiest restaurants in the region (Gratitude Café) and the Larchmont Lofts are the closest NEW residential units to both the Paramount and Raleigh Studio.

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DescriptionInterior & Exterior Features

Interior Features Include:

No Information Available.

Exterior Features Include:

Acreage: 0.0000 Acres

Other Features Include:

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This Listing is Presented By
NM_5661626

Denise Marks

Cell: (818) 292-5340

Work: (818) 444-8300

Email: denise@denisemarks.com

 
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