7166 Melrose Ave Los Angeles, CA 90046
This exceptional opportunity presents two adjacent restaurant spaces totaling 2,398 square feet, located at 7166 & 7168 Melrose Avenue in Los Angeles, California, 90046. The property is categorized as retail and restaurant space, suitable for a single tenant. Currently, both units are vacant, offering a blank canvas for a new establishment. One space, 7166 Melrose Avenue, is a second-generation restaurant and bar, ready for immediate occupancy. The location boasts high foot traffic on a bustling street within a vibrant and walkable neighborhood. Nearby establishments include The Groundlings Theatre, Blu Jam Café, and Pink's Hot Dogs, ensuring high visibility and a strong customer base. This prime location offers easy access to a variety of dining, shopping, and entertainment options, making it an ideal spot for a thriving restaurant or bar. The property is situated in Los Angeles County and offers significant potential for a business seeking a high-profile location in a trendy area of Los Angeles. The total building square footage is 2,398 square feet, with all 2,398 square feet currently vacant. This presents a unique chance to establish a presence in a highly desirable area of Los Angeles.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.