7619 Melrose Ave Los Angeles, CA 90046
- Retail space
- 4,800 SF
- 0.10 lot acres
Current Use by Public Records
- Queen Virgin Remy Los Angeles / Hair Extensions Supplier
- Hollywood Glamorous / Hair Extensions Supplier
- Rebel Rebel Hollywood / Gift Shop / Clothing Store
Property Details for 7619 Melrose Ave
- Year built
- 1947
- Construction
- WOOD
- Lot size
- 0.10 lot acres
- Property size
- 4,800 SF
- Zone code
- LAC4
- Property type
- Retail space
- APN
- 5526-014-022
- APU
- 5526014022
Description
This exceptional 4,800-square-foot executive office space at 7619 Melrose Ave in Los Angeles, CA, presents a unique investment opportunity. The entire building is currently vacant, offering immediate occupancy for a single tenant or the potential for multiple tenants. Located in Los Angeles County, zip code 90046, this retail and office property boasts high visibility on the trendy Melrose Avenue, surrounded by popular retailers, restaurants, and bars. The building features high ceilings and excellent signage opportunities, enhancing its appeal and potential for branding. The property sits on a 4,403-square-foot lot and includes eight convenient parking spaces located at the rear of the building. Utilities are separately metered for efficient cost management. This property is ideal for a business seeking a prominent location with ample space and parking in a vibrant and desirable area. The multiple tenancy option allows for flexibility in lease arrangements and potential for diverse income streams. The building's size and location make it a highly attractive prospect for businesses seeking a high-profile presence on Melrose Avenue. Don't miss this chance to secure a prime commercial space in a thriving Los Angeles neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $350,000
- 7%
- $305,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $365,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $330,000
- Retail
- $290,000
- Mixed-Use
- $310,000
- Hospitality
- $275,000
- Educational
- $285,000
- Residential Income
- $290,000
- Energy
- $350,000
- Income-Based Land
- $340,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.356
- Latitude
- 34.084
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
