JUST REDUCED -- Ideally situated lot. Property is zoned LAC2. Great opportunity to develop this parcel in a desired, central and bustling section of Los Angeles -- situated on Melrose Ave., right off Vine. Lot is currently being used as a parking lot, with some spaces being leased out primarily on a month-to-month basis. UN-PERMITTED STRUCTURE ON THE LOT. Buyers are responsible for obtaining any reports necessary to satisfy themselves. Please refer to the Los Angeles Department of Building and Safety for specific questions and details about building, permit, codes, etc. All information provided is deemed reliable but not guaranteed, buyer(s) & selling agent to do their own due diligence to satisfy themselves of all permits, square footage, records, & any/all information. Motivated seller!!! Property also listed as commercial sale MLS#18-365022 Listed by Lily Gonzalez, Rpm Property Mngmt & Realty.