***4760-4766 Melrose Ave...2 adjacent properties included***The Melrose Development Site is a fully entitled development opportunity that will be delivered permit ready (RTI) to a buyer.In addition, the existing structures are both vacant. Situated on two lots of approximately 10,000 square feet zoned C2-1 with 100 feet of frontage on Melrose Avenue, the property is in a very high visibility location for leasing. The current plans are for afive-story structure consisting of three levels of apartments over a level of above grade parking, which is situated over the on grade level of parking that also contains the lobby and the retail store. All of the apartments are two level loft units. All units have private patios or balconies and all have impressive head-on views of the Hollywood hills, the Hollywood sign, Griffith Observatory, or views of downtown Los Angeles and Koreatown skyline. The plans call for 30 parking spaces of which 2 are dedicated to the 875-square foot retail store.