Owner-User Office
For Sale
$4,500,000
6926 Melrose Avenue, Los Angeles, CA 90038
Move-in ready office building with 10+ private offices, ADA restrooms, and gated parking for up to 14 vehicles.
Property Size6,773 SF
Days on Market134
Property Features for 6926 Melrose Avenue
General Information
Standard status
Active
Size
6,773 SF
Property subtype
COMMERCIAL
Site & Location
Neighborhood
Hancock Park
Building Details
Building Size
6,773 SF
Year Built
1946
Listing Agency:
Forward One
Listed By:
Jordan Rubinstein · License #01736033
(310) 435-3926
Source:
Archetyperealty
Added: Jun 17
Changed: Oct 25
Last Checked: Oct 27 at 1:23AM
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 Forward One
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Investment Insights
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Move-in ready owner-user office building with a versatile interior layout designed primarily for office use. The space includes 10+ private offices, a former school/day-care classroom, ADA-compliant bathrooms on each floor, and a full kitchen with gas appliances. The property also features an canopied outdoor patio area, roll-up gates, and ample gated parking for up to 14 vehicles. Building improvements and systems include fire sprinklers throughout, updated roofing and power infrastructure, five updated HVAC units, and upgraded building systems. For vehicle charging convenience, the site offers two 50-amp EV electric car chargers.
The property is located on a 9,477 SF parcel at the hard corner of Melrose and Sycamore in the Melrose Arts District. It is zoned LAC2 and positioned just one block east of La Brea, with Sycamore Village within walking distance.
Configured as an office building while offering flexibility for streetfront retail or showroom use, the property is well suited for owner-operators seeking a renovated, systems-upgraded workplace with accessible restrooms on each level and practical amenities for staff and visitors. Additional features such as roll-up gates, patio space, and on-site parking support a range of professional uses that benefit from a dedicated building environment.
The property is located on a 9,477 SF parcel at the hard corner of Melrose and Sycamore in the Melrose Arts District. It is zoned LAC2 and positioned just one block east of La Brea, with Sycamore Village within walking distance.
Configured as an office building while offering flexibility for streetfront retail or showroom use, the property is well suited for owner-operators seeking a renovated, systems-upgraded workplace with accessible restrooms on each level and practical amenities for staff and visitors. Additional features such as roll-up gates, patio space, and on-site parking support a range of professional uses that benefit from a dedicated building environment.
Key Highlights
- Move‑in ready 6,773 SF owner‑user office building on a 9,477 SF parcel zoned LAC2
- Hard corner on Melrose Blvd at Sycamore, one block east of La Brea, in the Melrose Arts District
- Versatile layout with 10+ private offices plus a former school/day‑care classroom and canopied outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,766
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,215,320
$3.2M
Cap Rate 7%
$2,296,657
$2.3M
Cap Rate 9%
$1,786,289
$1.8M
Market Conditions
NOI Build-Up for 6,773 SF
Gross rent
$263.3K $38.88/SF
− Vacancy
−$49.0K −$7.23/SF
EGI
$214.4K $31.65/SF
− OpEx
−$53.6K −$7.91/SF
NOI
$160.8K $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 Rate 5%
$3,215,320
Cap Rate 7%
$2,296,657
Cap Rate 9%
$1,786,289
Alternative Uses
Best Use
Office B
$2.30M
$2.01M – $2.68M
NOI $160,766 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$137.22M
$120.06M – $160.09M
NOI $9,605,184 @ 7.0% cap · market cap 213.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,110
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Move-in ready office building with 10+ private offices, ADA restrooms, and gated parking for up to 14 vehicles.
Where is this office building located?
The property is located at 6926 Melrose Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Move‑in ready 6,773 SF owner‑user office building on a 9,477 SF parcel zoned LAC2; Hard corner on Melrose Blvd at Sycamore, one block east of La Brea, in the Melrose Arts District; Versatile layout with 10+ private offices plus a former school/day‑care classroom and canopied outdoor patio
