$2,050,000
FOR SALEActive7172 Melrose Avenue
Los Angeles CA 90046
3,380
SF
Commercial
Type
1947
Built
$607/SF
Cost/SF
Listing Agent
Joseph Baena
DRE #: 02120743
Brokerage: Christie's International Real Estate SoCal
Location Analysis
About This Property
Available for Sale OR For Lease! Rare owner-user or investor opportunity in the heart of the Melrose retail corridor between La Brea and Fairfax. Freestanding 3,380 SF retail building on a 4,400 SF lot with 40 feet of Melrose Ave frontage, delivered vacant. Open retail showroom, private offices, kitchenette, storage, and restroom. Gated rear parking for four cars in two tandem bays plus an enclosed loading bay with alley access. Separately metered utilities, buyer to verify. Zoned LAC2, fee simple. Approximately 39,185 vehicles per day and a Walk Score of 97, surrounded by top fashion, dining, and entertainment.
Property Information
Property Overview
Commercial
Property Type
Active
Status
LAC2
Zoning
0.1011 acres
Lot Size
3,380 SF
Square Footage
$606.51/SF
Price per SF
6.92%
Cap Rate
$142K
NOI
1,947
Year Built
1
Stories
4
Parking Total
1.18
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
6.92% Cap Rate
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
6.92%
Cap Rate
$141,855
NOI
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CRMLS
MLS# 26989891
Listed:
Nalren refreshed:
Last updated
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Listed by: Fred Leeds Asset Group Inc.
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Advertising Broker: Nalren Corp (CA DRE #02423715)
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Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.