7661 Melrose Avenue, Los Angeles, CA 90046
Prime location with immediate cash flow and value-add potential.
- Added:
- Mar 25, 2026
- Days on Market:
- 77
- Last Refresh:
- Mar 18 at 9:31 am
Property Features for 7661 Melrose Avenue
General Information
- Standard status
- Active
- Size
- 7,316 SF
- Property subtype
- Retail
Listing agent Ryan Gurman License #01972081
Listing office (310) 650-7545
Listing date Mar 25, 2026
Source Cbre
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 Ryan Gurman
HighLights
- Prime location in a high‑foot‑traffic area near Melrose and Fairfax.
- Immediate cash flow from a newly renovated, long‑term anchor tenant (THEIA Mediterranean Restaurant & Bar).
- Significant value‑add potential with a vacant 2nd floor.
- Secured on‑site parking at the rear, a rare amenity.
- Perfect for either an investor or an owner‑user.
- Excellent frontage.
Overview
Local 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 | $284.4k | $38.88 |
| − Vacancy | −$52.9k | −$7.23 |
| EGI | $231.5k | $31.65 |
| − OpEx | −$57.9k | −$7.91 |
| NOI | $173.7k | $23.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.3567338
- Latitude
- 34.0838479
