Melrose Avenue Retail
For Sale
Contact for pricing
7974 Melrose Avenue #7978, Los Angeles, CA 90046
Flexible space offers a customer-facing storefront with rear parking.
Property Size6,943 SF
Price / SF$3.58
Days on Market18
Property Features for 7974 Melrose Avenue #7978
General Information
Standard status
Active
Size
6,943 SF
Property subtype
Commercial
Site & Location
Neighborhood
Beverly Grove
Amenities
prominent frontage signage
floor to ceiling showroom windows
high ceilings
parking in the rear
Building Details
Year Built
1925
Listing Agency:
Royal Real Estate, Inc
(747) 333-5511
Listed By:
Yulia Mashayekhi · License #01979259
Source:
Lugobros
Added: Oct 12
Changed: Oct 28
Last Checked: Oct 28 at 3:18PM
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 Royal Real Estate, Inc
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Investment Insights
Based on property information with market context.
Retail or showroom space at 7974 Melrose Avenue features floor-to-ceiling windows, high ceilings, prominent frontage signage, and parking at the rear. The approximately 3,500-square-foot space can be divided into units starting at 600 square feet.
The property is on Melrose Avenue in Los Angeles, with Palihotel, Community Goods Coffee, Reformation, and Agent Provocateur identified as neighboring tenants.
The property is on Melrose Avenue in Los Angeles, with Palihotel, Community Goods Coffee, Reformation, and Agent Provocateur identified as neighboring tenants.
Key Highlights
- Approximately 3,500 square feet, divisible into spaces starting at 600 square feet
- Floor‑to‑ceiling showroom windows and high ceilings
- Prominent frontage signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,127
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,222,540
$3.2M
Cap Rate 7%
$2,301,814
$2.3M
Cap Rate 9%
$1,790,300
$1.8M
Market Conditions
NOI Build-Up for 6,943 SF
Gross rent
$256.6K $36.96/SF
− Vacancy
−$26.4K −$3.81/SF
EGI
$230.2K $33.15/SF
− OpEx
−$69.1K −$9.95/SF
NOI
$161.1K $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%
$3,222,540
Cap Rate 7%
$2,301,814
Cap Rate 9%
$1,790,300
Alternative Uses
Best Use
Retail
$2.30M
$2.01M – $2.69M
NOI $161,127 @ 7.0% cap · market cap 649.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$140.66M
$123.08M – $164.10M
NOI $9,846,271 @ 7.0% cap · market cap 39,662.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,238
Businesses Nearby
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
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Retail space - Flexible space offers a customer-facing storefront with rear parking.
Where is this retail space located?
The property is located at 7974 Melrose Avenue #7978 Los Angeles, CA.
What are key features of this property?
This property features: Approximately 3,500 square feet, divisible into spaces starting at 600 square feet; Floor‑to‑ceiling showroom windows and high ceilings; Prominent frontage signage
