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    7519 Melrose Ave Los Angeles, CA 90046

    For Lease
    $29 SF/Yr

    Prime Los Angeles Retail Space - 5,400 SF

    Lot size:
    5,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional single-tenant retail property, located at 7519 Melrose Avenue in Los Angeles, California (zip code 90046), offers a unique blend of showroom and office space, totaling 5,400 square feet. Situated in the highly desirable Melrose Avenue retail corridor, between La Brea and Fairfax Avenues, this property presents an incredible and rare opportunity for businesses seeking a prominent location. The building features a unique advantage: a rear "tuck-under" parking area that has been thoughtfully enclosed and equipped with HVAC, effectively adding valuable square footage to the main space. This adaptable area can be utilized for various purposes, enhancing the property's overall functionality and appeal. The property's location within Los Angeles County ensures excellent visibility and accessibility, placing it within easy reach of a large and diverse customer base. This is a must-see property for discerning businesses seeking a high-impact retail presence in one of Los Angeles' most iconic shopping districts. The property is classified as Retail with a Subtype of Showroom and Office. The tenancy is single.

    Property Features for 7519 Melrose Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,400 SF

    Unit(s) available at that property

    Space
    Size
    5,400 SF
    Rate per SF
    $29

    HighLights

    • 5,400 SF single‑tenant retail property at 7519 Melrose Ave, Los Angeles, CA 90046.
    • Located in the prime Melrose Avenue retail corridor between La Brea and Fairfax Avenues.
    • Features a rear enclosed and climate‑controlled "tuck‑under" parking area adding usable square footage.
    • Excellent visibility and accessibility in a high‑traffic Los Angeles location.
    • Showroom and office space available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bottom Bunk Shoe Store New York's Chopped ... Mobile Caterer

    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
    -118.3539729
    Latitude
    34.0837748

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    FAQs

    What type of property is this?
    Individual retail property - Prime Los Angeles Retail Space - 5,400 SF
    Where is this individual retail property located?
    The property is located at 7519 Melrose Ave Los Angeles, CA.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: 5,400 SF single-tenant retail property at 7519 Melrose Ave, Los Angeles, CA 90046.; Located in the prime Melrose Avenue retail corridor between La Brea and Fairfax Avenues.; Features a rear enclosed and climate-controlled "tuck-under" parking area adding usable square footage.
    Request Owner's contact information
    7519 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
    7519 Melrose Ave Los Angeles, CA 90046
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