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    7301 Melrose Ave Los Angeles, CA 90046

    For Sale
    $4,800,000

    Vacant Retail Building, High Traffic Area

    Property size:
    6,587 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail property, located at 7301 Melrose Avenue and 705 N Poinsettia in the heart of Los Angeles, California (zip code 90046), presents a remarkable investment opportunity. The building boasts a total of 6,587 square feet of net rentable space, situated on a 5,391 square foot lot. Currently vacant, this property offers a blank canvas for a discerning buyer to create a thriving retail establishment. Its prime corner location on Melrose Avenue ensures high visibility and significant foot traffic, making it ideal for a variety of retail concepts. The property's address is 7301-05 Melrose Avenue & 705 N Poinsettia, Los Angeles, CA 90046. The asking price for this exceptional retail space is $4,800,000. The property is situated in Los Angeles County and offers significant potential for growth and return on investment. Its strategic location within a bustling commercial district promises strong tenant demand and a robust rental income stream once leased. This is a rare opportunity to acquire a highly visible and well-positioned retail property in one of Los Angeles's most desirable areas. The property's size and location make it suitable for a wide range of retail uses, from boutiques and restaurants to specialty stores and service businesses. Don't miss this chance to secure a prime piece of Los Angeles real estate.

    Property Features for 7301 Melrose Ave

    General Information

    Property type
    Retail properties
    Square Feet
    6,587 SF

    HighLights

    • $4,800,000 asking price.
    • 6,587 square foot retail property.
    • Vacant tenancy.
    • 5,391 square foot lot size.
    • Located at 7301 Melrose Ave, Los Angeles, CA 90046.
    • Corner property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Melrose Music And Comics Book Store Mega City One Comic Book Store

    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
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3488197
    Latitude
    34.0837158

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    FAQs

    What type of property is this?
    Retail property - Vacant Retail Building, High Traffic Area
    Where is this retail property located?
    The property is located at 7301 Melrose Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: $4,800,000 asking price.; 6,587 square foot retail property.; Vacant tenancy.
    Request Owner's contact information
    7301 Melrose Ave Los Angeles, CA 90046
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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
    7301 Melrose Ave Los Angeles, CA 90046
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