8214-8216 Melrose Ave 5,118 SF 100% Leased Retail Building Los Angeles, CA 90046 $4,950,000 ($967.17/SF)
EXECUTIVE SUMMARY
Incredible two story Art-Deco "gem" with ground floor retail/showroom opportunity to purchase as an owner/user or reposition and lease out as an investment.. The ground floor space is approx. 2,500 sf of ground floor retail/showroom (possible to sub-divided into two 1,250 square foot spaces), features high ceilings, natural lighting, designer showroom windows, parking in the rear, and excellent identity/signage. The second floor is showroom and offices. This Property is centrally located in the 8200 block of Melrose, adjacent to world renowned Paul Smith, the Improv Club, and Crossroads restaurant. This space is ideally suited for a "flagship/branding" opportunity. Please do not disturb current occupant. Please call Chris Mara to discuss or to arrange a tour at 310.927. 5865.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,118 SF
Building Class
C
Year Built
1930
Price
$4,950,000
Price Per SF
$967.17
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.17
Lot Size
0.10 AC
Zoning
C-4
Parking
8 Spaces (1.17 Spaces per 1,000 SF Leased)
Frontage
46’ on Melrose
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5528-012-002 | Improvements Assessment | $780,861 |
| Land Assessment | $4,885,972 | Total Assessment | $5,666,833 |
