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    7415 Melrose Ave Los Angeles, CA 90046

    For Sale
    $2,450,000

    Prime retail location on Melrose Avenue for sale.

    Property size:
    4,275 SF

    Property Features for 7415 Melrose Ave

    General Information

    Size
    4,275 SF

    Building Details

    Year built
    1924

    Source: Jim Halferty Agent Jim Halferty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Melrose Avenue Retail Opportunity

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Wild Stems, TT Flower Boutique, Bosslarose, Blooms on Beverly, Petals By David

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3516184
    Latitude
    34.0837295

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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 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.
    (323) 767-2113
    Request Owner's contact information
    7415 Melrose Ave Los Angeles, CA 90046
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7415 Melrose Ave Los Angeles, CA 90046
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