4318 Melrose AveLos Angeles, CA 90029

This exceptional investment opportunity presents a 13,540 square foot, multi-tenant retail building situated on a 27,526 square foot lot at the corner of Melrose Avenue and Heliotrope Drive in Los Angeles, CA 90029. The property, built in 1908, features seven units, currently 86% occupied with short-term gross leases. Popular tenants include The Museum of Love and a fondue/pizza restaurant. The property boasts a dedicated parking lot with nine spaces, plus an additional 29 spaces across an alley, totaling 38 parking spaces. Zoned LAR3-1 and LAC2-1, this prime location offers unparalleled access to major freeways (101) and public transportation (Metro Red Line), connecting it to Downtown LA and North Hollywood. The vibrant East Hollywood neighborhood is bordered by Hollywood, Silver Lake, Los Feliz, and Koreatown, placing it within minutes of iconic landmarks like Dodger Stadium, Hollywood Bowl, and Griffith Park. The area is known for its trendy dining scene, including nearby Virgil Village, and is further enhanced by a neighboring theater and art gallery. This property presents a compelling investment opportunity in a rapidly growing and highly desirable Los Angeles neighborhood. The asking price is $9,000,000, with a price per square foot of $664.70. The property's APN is 5538-030-013; 5538-030-019.