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    6708-12 Melrose Ave Los Angeles, CA 90038

    Sponsored
    For Sale
    $4,250,000

    Prime Los Angeles retail/office opportunity.

    Property size:
    6,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional owner-user or investment opportunity presents a 6,560 square foot storefront located at 6708-12 Melrose Avenue in Los Angeles, California, 90038. The property boasts a multi-tenant configuration, ideal for a variety of uses. Situated on a 4,400 square foot lot, this property offers significant potential for both immediate occupancy and long-term growth. The asking price is $4,250,000. The property's classification includes both retail and office space, making it versatile and adaptable to a wide range of business needs. Its location on Melrose Avenue in Los Angeles County provides excellent visibility and accessibility, placing it within a vibrant and dynamic commercial district. This is a rare chance to acquire a substantial property in a highly sought-after area, offering a compelling blend of immediate usability and significant investment potential. The property's size and configuration provide ample space for expansion or adaptation to suit specific business requirements. This is an exceptional opportunity for a business seeking a prominent location with substantial square footage. The property's multi-tenant capacity allows for diverse income streams or the potential for expansion within the existing structure. Don't miss this chance to secure a prime piece of Los Angeles real estate.

    Property Features for 6708-12 Melrose Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,560 SF

    HighLights

    • Owner‑user or investment opportunity.
    • Asking price: $4,250,000.
    • 6,560 square foot building.
    • 4,400 square foot lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    -118.3400689
    Latitude
    34.0832479

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    FAQs

    What type of property is this?
    Individual retail property - Prime Los Angeles retail/office opportunity.
    Where is this individual retail property located?
    The property is located at 6708-12 Melrose Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: Owner-user or investment opportunity.; Asking price: $4,250,000.; 6,560 square foot building.
    Request Owner's contact information
    6708-12 Melrose Ave Los Angeles, CA 90038
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    Los Angeles, CA 90038
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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
    6708-12 Melrose Ave Los Angeles, CA 90038
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