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    7619 Melrose Ave Los Angeles, CA 90046

    Sponsored
    For Sale
    Contact for pricing

    Fully Leased, High-Traffic Location

    Property size:
    4,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multi-tenant retail property, located at 7619 Melrose Avenue in Los Angeles, California, presents a compelling investment opportunity. The fee-simple ownership encompasses a 4,800 square foot building situated on a 4,403 square foot lot. Currently boasting 100% occupancy, the property houses five distinct restaurant tenants, spread across two levels, generating a substantial income stream. Each tenant benefits from separate electricity metering, simplifying utility management. Ample parking is provided with eight spaces located at the rear of the building. The property enjoys exceptional visibility and signage opportunities on the vibrant Melrose Avenue, a highly sought-after location known for its trendy atmosphere and concentration of major retailers, restaurants, and bars. High ceilings contribute to the attractive interior space. The asking price per square foot is $718.75, reflecting the prime location and strong tenant occupancy. This property offers a rare chance to acquire a well-established, income-producing asset in a dynamic and desirable Los Angeles neighborhood. The zip code is 90046.

    Property Features for 7619 Melrose Ave

    General Information

    Property type
    Restaurants
    Square Feet
    4,800 SF

    HighLights

    • 4,800 SF Building Size
    • 4,403 SF Lot Size
    • $718.75 Price Per Square Foot
    Property Profile Location Intelligence

    Current Use by Public Records

    Queen Virgin Remy ... Hair Extensions Supplier Hollywood Glamorous Hair Extensions Supplier Rebel Rebel Hollywood Shoe Store

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    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
    -118.3560337
    Latitude
    34.0838966

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    FAQs

    What type of property is this?
    Restaurant - Fully Leased, High-Traffic Location
    Where is this restaurant located?
    The property is located at 7619 Melrose Ave Los Angeles, CA.
    What are key features of this property?
    This property features: 4,800 SF Building Size; 4,403 SF Lot Size; $718.75 Price Per Square Foot
    Request Owner's contact information
    7619 Melrose Ave Los Angeles, CA 90046
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    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
    7619 Melrose Ave Los Angeles, CA 90046
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