Melrose Avenue Retail
7415 - 7417 Melrose Ave Los Angeles, CA 90046
7415 - 7417 Melrose Ave, Los Angeles, CA, 90046
$2,450,000
For Sale
$2,450,000
Prime retail location on Melrose Avenue for sale.
Property Size4,275 SF
Price / SF$573.10
Days on Market237
Property Features for 7415 - 7417 Melrose Ave
General Information
- Standard status
- Active
- Size
- 4,275 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1924
Listing agency
Lee & Associates - Los Angeles - Central
(323) 767-2113
Listed by
Jim Halferty · License #CalDRE #01212024
Source
Lee-associates
Added: Nov 26, 2025 Updated: Jul 6 at 10:32AM Checked: Jul 21 at 6:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Los Angeles - Central
Investment Insights
Based on property information with market context.
This retail property is located on Melrose Avenue, between La Brea Avenue and Fairfax Avenue, in the Melrose Avenue Shopping District. The property offers parking and loading access via a rear alley. The location is near shops, restaurants, and other area amenities. The daily traffic count is approximately 30,000 cars per day. The property size is 4,275 square feet. It may be possible to divide the property into two stores. This property presents a rare opportunity for an owner/user to purchase in a prime retail location.
Key Highlights
- Prime retail location on Melrose Avenue.
- High traffic count (approx. 30,000 cars per day).
- Rare owner/user opportunity.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.0k | $36.96 |
| − Vacancy | −$16.3k | −$3.81 |
| EGI | $141.7k | $33.15 |
| − OpEx | −$42.5k | −$9.95 |
| NOI | $99.2k | $23.21 |
4,275 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.65M
NOI $99,211 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$86.61M
$75.78M – $101.04M
NOI $6,062,625 @ 7.0% cap · market cap 247.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Prime retail location on Melrose Avenue for sale.
Where is this storefront property located?
The property is located at 7415 - 7417 Melrose Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Prime retail location on Melrose Avenue.; High traffic count (approx. 30,000 cars per day).; Rare owner/user opportunity.
