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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)

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!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,520 SF
Building Class
C
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

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 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!

Space Size Space Use Position Available
B 1,115 SF Retail - Now

B

Size
1,115 SF
Space Use
Retail
Position
-
Available
Now

B

Size 1,115 SF
Space Use Retail
Position -
Available 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!

Walk Score ®
Walker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
U.S. Bank
Sprouts Farmers Market
Orangetheory Fitness
Trader Joe's
Smart & Final
Club Pilates
Wells Fargo
Chase Bank
Ralphs

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5526-021-025
Land Assessment
$1,733,697
Improvements Assessment
$456,185
Total Assessment
$2,189,882
  • Listing ID: 31611293

  • Date on Market: 4/25/2024

  • Last Updated:

  • Address: 7318 Melrose Ave, Los Angeles, CA 90046

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