Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4216 Melrose Ave Los Angeles, CA 90029-3509

    • Turn key restaurants
    • 1,848 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 04, 2023
    Location Intelligence
    Property ID
    US10-3223276
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • the melrose house / Event Venue
    • Bestie Hollywood / Bar

    Property Details for 4216 Melrose Ave

    Year built
    1947
    Construction
    TILT-UP CONCRETE
    Lot size
    0.05 lot acres
    Property size
    1,848 SF
    Zone code
    LAC2
    Property type
    Turn key restaurants
    APN
    5538-027-004
    APU
    5538027004

    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
    -118.292
    Latitude
    34.0834
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,805
    $196,377
    $924,142
    $1,120,519
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,640 SF

      4166 Melrose Ave

      RESTAURANT • 4,640 SF
      4166 Melrose Ave, Los Angeles, CA 90029-3507
      View Details
    • Value Estimation by Request
      1,088 SF

      4854 Fountain Ave

      RESTAURANT • 1,088 SF
      4854 Fountain Ave, Los Angeles, CA 90029-1654
      View Details
    • Value Estimation by Request
      5,736 SF

      3903 Sunset Blvd

      RESTAURANT • 5,736 SF
      3903 Sunset Blvd, Los Angeles, CA 90029-2241
      View Details
    • Value Estimation by Request
      1,200 SF

      4114 Santa Monica Blvd

      RESTAURANT • 1,200 SF
      4114 Santa Monica Blvd, Los Angeles, CA 90029-3026
      View Details
    • Value Estimation
      $270,000
      1,124 SF

      4156 Santa Monica Blvd

      RESTAURANT • 1,124 SF
      4156 Santa Monica Blvd, Los Angeles, CA 90029-3026
      View Details
    • Value Estimation
      $10,130,000
      40,709 SF

      800 Vermont Ave

      RESTAURANT • 40,709 SF
      800 Vermont Ave, Los Angeles, CA 90029-3517
      View Details

    Similar Nearby for Sale

    • $999,950

      Versatile Commercial Building with Cafe

      Standalone commercial building suitable for retail, office, or cafe.
      3925 Fountain Ave, Los Angeles, CA 90029
      View Details
    • $4,150,000
      0.50 Acres

      Santa Monica Blvd Commercial Lot

      Prime East Hollywood location, high potential.
      5151 Santa Monica Blvd, Los Angeles, CA 90029
      View Details
    • $1,999,900
      2,639 SF

      Hollywood Commercial/Residential Mixed-Use Property

      Mixed-use property in Hollywood with retail and residential units.
      1108 N Kenmore Ave, Los Angeles, CA 90029
      View Details
    • $25,500,000
      14,139 SF

      Sunset Junction Mixed-Use Investment

      Mixed-use property in Sunset Junction with retail and residential spaces.
      3924 W Sunset Blvd, Los Angeles, CA 90029
      View Details
    • $2,099,900
      2,639 SF

      Hollywood Retail & Residential Building

      Prime Los Angeles location, multi-use potential.
      1108 N Kenmore Ave, Los Angeles, CA 90029
      View Details
    • $3,200,000
      7,020 SF

      East Hollywood Condo Project Opportunity

      New 5-unit condo project with city and mountain views.
      4136 Normal Ave, Los Angeles, CA 90029
      View Details

    Similar Nearby for Lease

    • $48 SF/Yr
      4,558 SF

      Virgil Ave Retail Spaces

      Prime Los Angeles Retail Opportunity
      774 Virgil Ave, Los Angeles, CA 90029
      View Details
    • $26 SF/Yr
      6,799 SF

      Prime East Hollywood Office Suites

      8 Suites Available, 460-1736 sqft
      1096 Western Ave, Los Angeles, CA 90029
      View Details
    • $33 SF/Yr
      2,385 SF

      Prime LA Executive Office Space

      2,385 SF Available in Los Angeles
      1100 Western Ave, Los Angeles, CA 90029
      View Details
    • Contact for pricing
      1,300 SF

      East Hollywood Retail Gem

      Iconic Spanish Retail Space, 1300 SF
      4874 Fountain Ave, Los Angeles, CA 90029
      View Details
    • $4 SF/Yr
      7,476 SF

      Retail Space Available For Rent

      Prime retail space available for rent in Los Angeles.
      900 S Vermont Ave, Los Angeles, CA 90029
      View Details
    • Contact for pricing

      Santa Monica Blvd Retail Property

      Retail property on Santa Monica Blvd, currently 100% leased.
      5462-5466 Santa Monica Blvd, Los Angeles, CA 90029
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4216 Melrose Ave
    Los Angeles, CA 90029-3509
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.