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Investment/Owner-User Property on Melrose 7318 Melrose Ave

3,520 SF 68% Leased Retail Building Los Angeles, CA 90046 $2,795,000 ($794/SF)

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Investment Highlights

Heavy Daytime Foot Traffic
Short Term Leases

On-Site Rear Parking
Tremendous Frontage

Executive Summary

*Do Not Disturb Occupants*
+/- 3,520 SF per Tax Records. Currently 3 Tenants Occupying space at the Property. All Tenants on short term leases.
PREMIER VALUE-ADD RETAIL OPPORTUNITY
Melrose Avenue’s highly trafficked streets are home to so many iconic businesses. This Three (3) Tenant retail store-front is an excellent opportunity to join the action on one of Los Angeles’ most desirable streets. Nearby tenants include Pink’s Hot Dogs, Osteria Mozza, Wasteland, Brooklyn Projects, Playground LA, and so much more!

7318 Melrose Ave - CBRE Leasing Package

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

3,520 SF

Building Class

Year Built/Renovated

1969/1993

Price

$2,795,000

Price Per SF

$794

Percent Leased

68%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.81

Lot Size

0.10 AC

Zoning

C2-1, Los Angeles - Commercial

Parking

4 Spaces (1.14 Spaces per 1,000 SF Leased)

Frontage

45 FT on Melrose Ave

Amenities

Bus Line

Space Availability

B
1,115 SF
Retail
-
Now

Melrose Avenue’s highly trafficked streets are home to so many iconic businesses. This is an excellent opportunity to join the action on one of Los Angeles’ most desirable streets. Nearby tenants include Pink’s Hot Dogs, Osteria Mozza, Wasteland, Brooklyn Projects, Playground LA, and so much more!