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Property profile

7166 Melrose Ave Los Angeles, CA 90046

OFF-MARKET
Retail properties & Spaces
2,398 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,398 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7166 Melrose Ave Los Angeles, CA 90046
Los Angeles metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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