Melrose Avenue Retail
For Lease
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7519 Melrose Ave, Los Angeles, CA 90046
Rare retail space for rent on Melrose Avenue.
Space Size5,400 SF
Days on Market894
Property Features for 7519 Melrose Ave
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Tenancy
Single
Spaces For Lease
at 7519 Melrose Ave
Available Space
Active
Size
5,400 SF
Listing Agency:
Carolwood Realestate
Listed By:
Chris Mara · License #CA 00886282
Source:
Crexi
Added: Apr 29, 2024
Changed: Oct 8
Last Checked: Oct 7 at 12:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Carolwood Realestate
Investment Insights
Based on property information with market context.
This is a rare opportunity to lease retail space in the heart of the Melrose Avenue retail area, situated between La Brea and Fairfax. The property features a rear "tuck-under" parking area that has been enclosed and equipped with HVAC, providing additional square footage.
Key Highlights
- Rare opportunity in the heart of the Melrose Avenue retail area.
- Prime location between La Brea and Fairfax.
- Enclosed rear parking area.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.41 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,198
Businesses Nearby
Explore this area
Business Placement
Demographics for 90046, CA
49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Los Angeles, CA
$31.46 /SF/Yr
Avg Asking Price
$3.8–$95.4 /SF/Yr
Price Range
7,387 SF
Avg Space Size
This space is priced 7% below the average of $31.46 /SF/Yr.
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Rare retail space for rent on Melrose Avenue.
Where is this retail space located?
The property is located at 7519 Melrose Ave Los Angeles, CA.
What is the lease rate?
The lease rate is $29.40 SF/Yr.
What are key features of this property?
This property features: Rare opportunity in the heart of the Melrose Avenue retail area.; Prime location between La Brea and Fairfax.; Enclosed rear parking area.
