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    Property profile & analytics

    7120 Melrose Ave Los Angeles, CA 90046

    • Retail space
    • 4,744 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 04, 2022
    Location Intelligence
    Property ID
    US09-7056977
    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

    • Retail space

    Property Details for 7120 Melrose Ave

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    4,744 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    5525-016-010
    APU
    5525016010

    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
    -118.345
    Latitude
    34.0832
    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
    2024
    $18,046
    $524,420
    $544,765
    $1,069,185
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      39,969 SF

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    • Value Estimation by Request
      2,160 SF

      7600 Sunset Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
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    • Value Estimation by Request
      3,200 SF

      7266 Melrose Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      7266 Melrose Ave, Los Angeles, CA 90046-7667
      View Details
    • Value Estimation by Request
      2,000 SF

      7419 Melrose Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      7419 Melrose Ave, Los Angeles, CA 90046-7514
      View Details
    • Value Estimation by Request
      3,520 SF

      7318 Melrose Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,520 SF
      7318 Melrose Ave, Los Angeles, CA 90046-7579
      View Details
    • Value Estimation by Request
      3,800 SF

      7610 Melrose Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,800 SF
      7610 Melrose Ave, Los Angeles, CA 90046-7420
      View Details

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    7120 Melrose Ave
    Los Angeles, CA 90046
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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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