Island-Parcel Shopping
For Sale
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5784 Melrose Ave, Los Angeles, CA 90038
Fully leased retail center with four tenants, surface parking, and exposure along three major Los Angeles corridors.
Property Size6,345 SF
Lot Size0.32 Acres
Price / SF$1,174
Days on Market11
Property Features for 5784 Melrose Ave
General Information
Standard status
Active
Size
6,345 SF
Total Parking Spaces
15
Lot size
0.32 Acres
Property subtype
Retail
Zoning
LAC2
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$394,685
Financials
Asking Price
$7,450,000
Cap Rate
5.3%
Site & Location
Corner Location
Yes
Anchor Co-Tenants
7-Eleven
Building Details
Year Built
1977
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
All In Capital
Listed By:
Justin Kim · License #01971530
Source:
Crexi
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 10 at 12:22PM
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 All In Capital
Investment Insights
Based on property information with market context.
This 6,345-square-foot shopping center was built in 1977 and occupies a 13,951-square-foot island parcel, or 0.32 acres. The freestanding configuration provides exposure on all four sides, eliminates shared walls, and includes a large surface parking area. Zoning is LAC2.
The property is 100% leased to Mario's Peruvian & Seafood, Ramen Melrose, 7-Eleven, and Re-Bag Me. The tenant mix combines a national convenience retailer with independent food and retail operators. Three tenants, accounting for 89% of scheduled income, occupy spaces under triple-net leases. Property taxes, insurance, and common area maintenance are reimbursed by those tenants, while landlord expenses equal 8.2% of effective gross income.
The center fronts Melrose Avenue, Vine Street, and Rossmore Avenue. A Pavilions-anchored center is located across Melrose Avenue, while Vine Street connects toward the Hollywood Walk of Fame corridor and Rossmore Avenue extends toward Larchmont Village and Hancock Park.
The property is 100% leased to Mario's Peruvian & Seafood, Ramen Melrose, 7-Eleven, and Re-Bag Me. The tenant mix combines a national convenience retailer with independent food and retail operators. Three tenants, accounting for 89% of scheduled income, occupy spaces under triple-net leases. Property taxes, insurance, and common area maintenance are reimbursed by those tenants, while landlord expenses equal 8.2% of effective gross income.
The center fronts Melrose Avenue, Vine Street, and Rossmore Avenue. A Pavilions-anchored center is located across Melrose Avenue, while Vine Street connects toward the Hollywood Walk of Fame corridor and Rossmore Avenue extends toward Larchmont Village and Hancock Park.
Key Highlights
- 6,345 SF shopping center on a 13,951 SF parcel (0.32 AC)
- 100% leased to four tenants: Mario's Peruvian & Seafood, Ramen Melrose, 7‑Eleven, and Re‑Bag Me
- Island‑parcel layout offers four‑sided street exposure with no shared walls
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,110
Businesses Nearby
Under-served
Demand for This Use
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 Retail in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center with four tenants, surface parking, and exposure along three major Los Angeles corridors.
Where is this shopping center located?
The property is located at 5784 Melrose Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,450,000.
What are key features of this property?
This property features: 6,345 SF shopping center on a 13,951 SF parcel (0.32 AC); 100% leased to four tenants: Mario's Peruvian & Seafood, Ramen Melrose, 7‑Eleven, and Re‑Bag Me; Island‑parcel layout offers four‑sided street exposure with no shared walls
