Storefront Retail Building with Roof
For Sale
Contact for pricing
6708-6712 Melrose Ave, Los Angeles, CA 90036
Storefront retail, office space, and residential investment with rear unit and two roof billboards.
Property Size6,560 SF
Price / SF$647.87
Days on Market2647
Property Features for 6708-6712 Melrose Ave
General Information
Standard status
Active
Size
6,560 SF
Property subtype
RETAIL
Amenities
full kitchen
2 roof billboards
Listing Agency:
Carolwood Estates
(310) 623-3600
Listed By:
Chris Mara
(310) 927-5865
Source:
Moodyscre
Added: Jun 17, 2019
Changed: Sep 12
Last Checked: Sep 14 at 10:29AM
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 Carolwood Estates
Investment Insights
Based on property information with market context.
Storefront retail building offering a mix of storefront retail, office space, and residential investment. The property totals 6,560 square feet and includes a rear unit above a rear garage.
The rear unit features a full kitchen and the property also has two roof billboards, providing additional exposure for the building’s uses. The property is located at 6708–6712 Melrose Ave in Los Angeles, CA 90036.
The rear unit features a full kitchen and the property also has two roof billboards, providing additional exposure for the building’s uses. The property is located at 6708–6712 Melrose Ave in Los Angeles, CA 90036.
Key Highlights
- 6,560 square feet storefront retail building
- Includes office space plus residential investment
- Rear unit above rear garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$155,710
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,114,200
$3.1M
Cap Rate 7%
$2,224,429
$2.2M
Cap Rate 9%
$1,730,111
$1.7M
Market Conditions
NOI Build-Up for 6,560 SF
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.
Gross rent
$255.1K $38.88/SF
− Vacancy
−$47.4K −$7.23/SF
EGI
$207.6K $31.65/SF
− OpEx
−$51.9K −$7.91/SF
NOI
$155.7K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,114,200
Cap Rate 7%
$2,224,429
Cap Rate 9%
$1,730,111
Alternative Uses
Best Use
Office B
$2.22M
$1.95M – $2.60M
NOI $155,710 @ 7.0% cap · market cap 3.66%
Second Best
Retail
$2.17M
$1.90M – $2.54M
NOI $152,239 @ 7.0% cap · market cap 3.58%
Theoretical Best
Multifamily LT 5
$132.90M
$116.29M – $155.05M
NOI $9,303,116 @ 7.0% cap · market cap 218.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,959
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90036, CA
39,549
Population
21,890
Households
1.8
Avg Household Size
36
Median Age
68%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
15,820
Density / Sq Mi
$102,877
Median Household Income
$66,385
Median Earnings
$2,730
Median Rent
$1,958,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront retail, office space, and residential investment with rear unit and two roof billboards.
Where is this storefront property located?
The property is located at 6708-6712 Melrose Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 6,560 square feet storefront retail building; Includes office space plus residential investment; Rear unit above rear garage
