Freestanding Historic Office
New
For Sale
$5,600,000
5625 Melrose Avenue, Los Angeles, CA 90038
Two-story commercial property with C4-1D zoning, secured on-site parking, and distinctive skylights.
Property Size14,760 SF
Lot Size0.35 Acres
Price / SF$379.40
Days on Market7
Property Features for 5625 Melrose Avenue
General Information
Standard status
Active
Size
14,760 SF
Lot size
0.35 Acres
Property subtype
General Commercial
Zoning
C4-1D
Additional Details
Corner Location
Yes
Amenities
dramatic skylights
rooftop views
on-site secured parking
30 Parking Spaces.
Rectangular
120x128
Rectangular.
Building Details
Year Built
1928
Buildings
1
Stories
2
Building Size
14,760 SF
Listing Agency:
David Ballin Kaufman
(310) 877-8600
Listed By:
David Ballin Kaufman · License #01217537
Source:
Xome
Added: Jul 27
Changed: Aug 2
Last Checked: Aug 2 at 4:03AM
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 David Ballin Kaufman
Investment Insights
Based on property information with market context.
This freestanding two-story office building at 5625 Melrose Avenue contains 14,760 SF on a 15,402 SF site. Built in 1928, the property features prominent skylights, a rectangular 120x128 configuration, and secured on-site parking for 30 vehicles. Its C4-1D zoning supports office, retail, medical, mixed-use, and a broad range of creative applications.
The property occupies the intersection of Melrose Avenue and N. Larchmont Boulevard in Larchmont Village, among restaurants and mixed-use projects and near Hollywood’s active studio corridor. The building has a documented connection to the entertainment industry, having served as headquarters for motion picture equipment company Alan Gordon Enterprises and previously housing animation studio Spmc. It originally operated as a bathhouse through the mid-1940s.
The property occupies the intersection of Melrose Avenue and N. Larchmont Boulevard in Larchmont Village, among restaurants and mixed-use projects and near Hollywood’s active studio corridor. The building has a documented connection to the entertainment industry, having served as headquarters for motion picture equipment company Alan Gordon Enterprises and previously housing animation studio Spmc. It originally operated as a bathhouse through the mid-1940s.
Key Highlights
- 14,760 SF two‑story building on 15,402 SF of land
- C4‑1D zoning supports office, retail, medical, mixed‑use, and creative uses
- 30 parking spaces with on‑site secured parking
Financial Insights For Office B
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 | $573.9k | $38.88 |
| − Vacancy | −$106.7k | −$7.23 |
| EGI | $467.1k | $31.65 |
| − OpEx | −$116.8k | −$7.91 |
| NOI | $350.3k | $23.74 |
14,760 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.00M
$4.38M – $5.84M
NOI $350,347 @ 7.0% cap · market cap 6.26%
Second Best
Retail
$4.89M
$4.28M – $5.71M
NOI $342,538 @ 7.0% cap · market cap 6.12%
Theoretical Best
Multifamily LT 5
$299.03M
$261.65M – $348.87M
NOI $20,932,012 @ 7.0% cap · market cap 373.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story commercial property with C4-1D zoning, secured on-site parking, and distinctive skylights.
Where is this office building located?
The property is located at 5625 Melrose Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: 14,760 SF two‑story building on 15,402 SF of land; C4‑1D zoning supports office, retail, medical, mixed‑use, and creative uses; 30 parking spaces with on‑site secured parking
