Retail
7172 Melrose Avenue, Los Angeles, CA 90046
For Sale
$2,050,000
Positioned on Melrose Avenue between La Brea and Fairfax, among storefront retail and dining businesses.
Property Size3,380 SF
Days on Market73
Property Features for 7172 Melrose Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Fred Leeds Asset Group Inc.
Listed By:
Chandler Rockwell · License CA #02080782
(510) 468-7404
Source:
Velocityrealtysd
Added: Sep 3
Changed: Nov 5
Last Checked: Nov 12 at 5:39PM
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 Fred Leeds Asset Group Inc.
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Investment Insights
Based on property information with market context.
This storefront property is situated along Melrose Avenue, within the retail stretch between La Brea and Fairfax. Nearby businesses include vintage and resale shops, streetwear and footwear retailers, cafes, and full-service restaurants.
Fairfax High School is at the western end of the corridor and hosts the Melrose Trading Post on Sundays. The surrounding areas named in the property information include Hancock Park, Larchmont, Beverly Grove, and the Fairfax District; West Hollywood and Beverly Hills are also identified as nearby.
Fairfax High School is at the western end of the corridor and hosts the Melrose Trading Post on Sundays. The surrounding areas named in the property information include Hancock Park, Larchmont, Beverly Grove, and the Fairfax District; West Hollywood and Beverly Hills are also identified as nearby.
Key Highlights
- Melrose Avenue location between La Brea and Fairfax
- Surrounding corridor businesses include vintage and resale shops, streetwear, footwear, cafes, and full‑service restaurants
- Fairfax High School anchors the corridor’s western end and hosts the Melrose Trading Post each Sunday
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,440
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,568,800
$1.6M
Cap Rate 7%
$1,120,571
$1.1M
Cap Rate 9%
$871,556
$871.6K
Market Conditions
NOI Build-Up for 3,380 SF
Gross rent
$124.9K $36.96/SF
− Vacancy
−$12.9K −$3.81/SF
EGI
$112.1K $33.15/SF
− OpEx
−$33.6K −$9.95/SF
NOI
$78.4K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,568,800
Cap Rate 7%
$1,120,571
Cap Rate 9%
$871,556
Alternative Uses
Best Use
Retail
$1.12M
$980.5K – $1.31M
NOI $78,440 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,783 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,350
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90046, CA
49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Los Angeles, CA
Properties on Market for Storefront properties in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
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- Floral N5 LA — 7268 Melrose Ave, Los Angeles, CA 90046
Frequently Asked Questions
What type of property is this?
Storefront property - Positioned on Melrose Avenue between La Brea and Fairfax, among storefront retail and dining businesses.
Where is this storefront property located?
The property is located at 7172 Melrose Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Melrose Avenue location between La Brea and Fairfax; Surrounding corridor businesses include vintage and resale shops, streetwear, footwear, cafes, and full‑service restaurants; Fairfax High School anchors the corridor’s western end and hosts the Melrose Trading Post each Sunday
