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    8435 Melrose Ave West Hollywood, CA 90069

    Sponsored
    For Sale
    $16,995,000

    Prime West Hollywood retail, vacant, redevelopment potential.

    Property size:
    2,370 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,370-square-foot storefront property at 8435 Melrose Avenue in West Hollywood, California, presents a unique investment opportunity. Located in the highly desirable Melrose Avenue/Melrose Place triangle, this vacant property boasts over 160 feet of frontage on Melrose Avenue and also fronts an alley separating Melrose Avenue and Melrose Place. The single-story, 1946-built building features high clear span ceilings, high-quality architectural and design elements, and an expansive patio area. The property includes approximately 180 square feet of parking easement. The 0.16-acre lot (APN 5528-017-038) comprises two parcels, one in West Hollywood and one in Los Angeles, zoned WDC1A & LA C4, allowing for significant redevelopment potential. The property's central location within a rapidly transforming area, characterized by high-end fashion, jewelry, cafes, and restaurants, makes it an ideal candidate for maximizing its location, frontage, patio, and parking. This is a rare chance to acquire a high-quality property with exceptional location and substantial future upside. The asking price is $16,995,000, translating to $7,170.89 per square foot.

    Property Features for 8435 Melrose Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,370 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1946
    Stories
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3746331
    Latitude
    34.0830453

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    FAQs

    What type of property is this?
    Individual retail property - Prime West Hollywood retail, vacant, redevelopment potential.
    Where is this individual retail property located?
    The property is located at 8435 Melrose Ave West Hollywood, CA.
    What is the asking price?
    The asking price for this property is $16,995,000.
    Request Owner's contact information
    8435 Melrose Ave West Hollywood, CA 90069
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    West Hollywood, CA 90069
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8435 Melrose Ave West Hollywood, CA 90069
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