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    Property profile & analytics

    4807 Melrose Ave Los Angeles, CA 90029

    • Retail properties
    • 6,674 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Smart Business Systems / Electronics Repair Shop / Computer Consultant
    • The BUZZ Bar‍bershop / Barber Shop

    Property Details for 4807 Melrose Ave

    Year built
    1966
    Property size
    6,674 SF
    Property type
    Retail properties

    Description

    This exceptional retail space, located at 4807 Melrose Avenue in Los Angeles, California, presents a unique opportunity for businesses seeking high visibility and accessibility. Situated on a corner lot in the thriving Melrose Hill neighborhood, this single-tenant property boasts 1,886 square feet of retail space within a larger building totaling 6,674 square feet. The building was constructed in 1966 and is ideally positioned to benefit from the high street traffic and exposure along bustling Melrose Avenue. The property's central location offers easy access to nearby East Hollywood, Silver Lake, and Koreatown, ensuring a diverse customer base. The lease rate is $2.00 per square foot. This property is perfect for a variety of retail businesses seeking a prominent location in a vibrant and dynamic neighborhood. The zip code is 90029. The property's coordinates are 34.0838933 latitude and -118.3054245 longitude. This is a single-tenant space within a larger retail building. Don't miss this chance to establish your business in this desirable area.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.305
    Latitude
    34.0839

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      1021 Vermont Ave

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    4807 Melrose Ave
    Los Angeles, CA 90029
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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
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