6721 Melrose Ave | Hollywood, CA 90038
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- LoopNet Team
6721 Melrose Ave
Hollywood, CA 90038
Retail Property For Sale
Investment Highlights
- Excellent Owner-User Opportunity
- Consists of 8 Private Offices, Central Common Space, Kitchen, 2 bathrooms, and Conference Room.
- ±14 x 48 Billboard provides $2,000 per month on a month-to- month basis. New owner could negotiate a longer lease
- Located on a Hard corner with Excellent Street Visibility
- Ownership is currently working on plans to build a six-story mixed-use property with 27 units totaling approximately 22,203 SF of net rentable area
- Additional income of $7,500 per month from advertising agreement on wall surrounding the property on Melrose and Mansfield.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,046 SF
Building Class
C
Year Built
1953
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.16 AC
Zoning
C4-1XL
Parking
6 Spaces (1.97 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 5524-013-022 | Improvements Assessment | $656,186 |
| Land Assessment | $2,898,161 | Total Assessment | $3,554,347 |
PROPERTY TAXES
Parcel Number
5524-013-022
Land Assessment
$2,898,161
Improvements Assessment
$656,186
Total Assessment
$3,554,347
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