7365-7367 Melrose Ave
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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.
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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 5526-009-003 | Total Assessment | $1,108,026 (2024) |
Land Assessment | $922,287 (2024) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $185,739 (2024) | Tax Year | 2025 |
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
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7365-7367 Melrose Ave
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