7172 Melrose Ave
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7172 Melrose Ave
3,380 SF Retail Building Los Angeles, CA 90046 $3,288,000 ($973/SF) 6.08% Cap Rate
Investment Highlights
- Famous Melrose Ave, tons of Foot Traffic and high Car Count
- Stand alone Building with parking and 40 feet of Melrose Ave frontage
- Central Los Angeles, Surrounded by high-end shops and restaurants
Executive Summary
This prime Melrose Avenue of Los Angeles retail property is in an ideal location. There is a ton of foot traffic and the car count is very high. This building can be delivered vacant, so a new owner can occupy it themselves or be. leased for a great investment. Currently it is a storefront plus offices, kitchenette, storage & a bathroom in the back, along with gated parking for 4 cars. This space is surrounded by high-end retail shops & restaurants and can be designed to your liking. Very central part of LA. Close to West Hollywood, Hollywood.
Data Room Click Here to Access
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
3,380 SF
Building Class
B
Year Built
1947
Price
$3,288,000
Price Per SF
$973
Cap Rate
6.08%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.78
Lot Size
0.10 AC
Zoning
C2 - Commercial
Parking
5 Spaces (1.48 Spaces per 1,000 SF Leased)
Frontage
40 FT on Melrose Ave
Amenities
- Air Conditioning
Walk Score ®
Walker's Paradise (97)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5525-015-004 | Improvements Assessment | $246,281 |
| Land Assessment | $997,450 | Total Assessment | $1,243,731 |
PROPERTY TAXES
Parcel Number
5525-015-004
Land Assessment
$997,450
Improvements Assessment
$246,281
Total Assessment
$1,243,731
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7172 Melrose Ave
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