This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

7365-7367 Melrose Ave

2,960 SF 100% Leased Retail Building Los Angeles, CA 90046 $2,700,000 ($912/SF) 5.60% Cap Rate

Investment Highlights

  • Siliconized coated roof with transferable warranty to 2032
  • 4 Gated Parking Spaces
  • Each unit has Central A/C
  • Fire Code Compliant Back Egress
  • Includes Bonus of Additional 700 SF
  • ADA compliant entrances

Executive Summary

Bensimon Realty is proud to present a family owned property on the market for the first time in decades. Existing property with 2 retail storefronts will be delivered with strong tenants in place, flexible short term leases that can be extended and leaves room for value add opportunities or re-development. Situated on world famous Melrose Avenue in the arts district a walkers paradise & one of Los Angeles’ most coveted retail corridors with a variety of dining options. It’s an opportunity for an owner/user, investor or developer to own a property in California’s most premium urban markets. 7365 Melrose has a bonus of additional 700 SF, the back egress has been upgraded to current fire safety code. The building is separately metered for electrical, shared for water, features upgraded rolling gate for 4 space parking, high-ceilings, owner recently invested over 100K upgrading front entrance plate glass to be ADA compliant, many updates and upgrades have been done over the years, overall well maintained building, great visibility & amazing signage opportunities.
Please do not disturb current tenants.
Text or Call Adam Bensimon for questions and showings 310-691-3671. No commission paid to agent that was not present during showing or did not register their client before a showing. Broker/Agent does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or other sources, the tenant is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals to satisfy themselves.

Financial Summary (Pro forma - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,960 SF
Building Class
B
Year Built
1929
Price
$2,700,000
Price Per SF
$912
Cap Rate
5.60%
NOI
$151,231
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Land Acres
0.10 AC
Zoning
LAC4 - Commercial
Parking
4 Spaces (1.35 Spaces per 1,000 SF Leased)
Frontage
40 FT on Melrose
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
5526-009-003
Land Assessment
$922,287 (2024)
Improvements Assessment
$185,739 (2024)
Total Assessment
$1,108,026 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 32443898

  • Date on Market: 7/12/2024

  • Last Updated:

  • Address: 7365-7367 Melrose Ave, Los Angeles, CA 90046

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}