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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7207 Melrose Ave Los Angeles, CA 90046

    • Investment properties
    • 4,600 SF
    • 0.10 lot acres
    For Lease
    View listing
    Last Sale
    Sep 27, 2021
    $2,650,026
    Value Estimations
    $2,505,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7701238
    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

    • sans labels / Art Gallery
    • Lineage Digital / Advertising Agency
    • Boyz Worldwide / Clothing Store

    Property Details for 7207 Melrose Ave

    Year built
    1959
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    4,600 SF
    Zone code
    LAC4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    5525-011-013
    APU
    5525011013

    Description

    This exceptional 6,500 square foot building, located at 7207 Melrose Avenue in Los Angeles, California's Melrose Arts District, offers a unique blend of creative office and retail space. Currently, 5,000 contiguous square feet of high-end creative office space is available for lease within this ultra-private, unassuming building. The space boasts luxury interior features, a high-security design, and is perfectly suited for a technology or entertainment company. Premium amenities include fully furnished conference rooms, multiple private offices, and built-in custom furniture designed to maximize space utilization. The building is fully upgraded with fiber internet and a redundant CAT 6 network supporting up to 72 workstations. High-end kitchens and bathrooms cater to discerning clientele. A significant advantage is the inclusion of a legally zoned entertainment space on the roof deck, complete with stunning Hollywood Hills views and a full A/V setup. While a separate retail space on Melrose Avenue is also available, it is not included in this listing. The owner will retain a second unit within the building. Los Angeles County zoning applies. This discreetly listed property is ideal for a tenant seeking a premium, secure, and technologically advanced workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,325,000
      ML approach
      $2,395,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,325,000
      Current use
      RETAIL STORES
      $2,995,000
      Change: -10% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.347
    Latitude
    34.0838
    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
    $36,094
    $2,080,800
    $676,260
    $2,757,060
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,533 SF

      1535 Poinsettia Pl

      OFFICE/RESIDENTIAL (MIXED USE) • 2,533 SF
      1535 Poinsettia Pl, Los Angeles, CA 90046-3610
      View Details
    • Value Estimation
      $1,055,000
      6,587 SF

      705 Poinsettia Pl

      OFFICE/RESIDENTIAL (MIXED USE) • 6,587 SF
      705 Poinsettia Pl, Los Angeles, CA 90046-7631
      View Details
    • Value Estimation
      $845,000
      3,513 SF

      7151 Sunset Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,513 SF
      7151 Sunset Blvd, Los Angeles, CA 90046-4417
      View Details
    • Value Estimation
      $975,000
      5,964 SF

      8157 Sunset Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,964 SF
      8157 Sunset Blvd, Los Angeles, CA 90046-2415
      View Details
    • Value Estimation
      $10,620,000
      224,569 SF

      7950 Sunset Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 224,569 SF
      7950 Sunset Blvd, Los Angeles, CA 90046-3356
      View Details
    • Value Estimation
      $2,170,000
      11,104 SF

      1053 La Jolla Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 11,104 SF
      1053 La Jolla Ave, West Hollywood, CA 90046-5900
      View Details

    Similar Nearby for Sale

    • $1,200,000

      West Hollywood Modern Architectural Gem

      Award-winning building with soaring ceilings and indoor-outdoor flow.
      1011 N Orange Grove Ave, West Hollywood, CA 90046
      View Details
    • $6,195,000
      11,621 SF

      Sunset Blvd Flex Space Investment

      Prime LA Flex Space - $6.195M
      7360 Sunset Blvd, Los Angeles, CA 90046
      View Details
    • $2,499,000

      Hollywood Hills Vacant Land

      Vacant 2/3-acre lot in Hollywood Hills with development potential.
      2721 Jalmia Dr, Los Angeles, CA 90046
      View Details
    • $975,000
      1,380 SF

      Contemporary Hollywood Townhome with Views

      Exceptional 2 bed, 3 bath townhome near Sunset Strip.
      1436 N Detroit St, Los Angeles, CA 90046
      View Details
    • $58,999

      Residential Lot for Dream Home

      0.17-acre lot, ideal for building a dream home.
      2625 Dominion Way, Los Angeles, CA 90046
      View Details
    • $3,100,000
      1,210 SF

      Los Angeles Office Space Available

      Office property for sale in Los Angeles, CA.
      751 N Fairfax Ave, Los Angeles, CA 90046
      View Details

    Similar Nearby for Lease

    • $6,250 /Mo

      West Hollywood Modern Architectural Gem

      AIA Award-Winning building with indoor-outdoor flow and Hollywood Hills views.
      1011 N Orange Grove Ave, West Hollywood, CA 90046
      View Details
    • $4,500,000
      6,943 SF

      Mixed-Use Retail Building for Rent

      Mixed-use retail building with residential and retail spaces available.
      7974 Melrose Ave, Los Angeles, CA 90046
      View Details
    • $90 SF/Yr
      6,460 SF

      Skyview Sunset: Premier LA Retail Space

      Los Angeles retail/restaurant space, 5 suites available.
      7901 Sunset Blvd, Los Angeles, CA 90046
      View Details
    • $29 SF/Yr
      5,400 SF

      Melrose Ave Retail Showroom Opportunity

      Prime Los Angeles Retail Space - 5,400 SF
      7519 Melrose Ave, Los Angeles, CA 90046
      View Details
    • $1.10 SF/Yr
      26,255 SF

      Secured Warehouse with Gated Yard

      HVAC'd warehouse with freeway access and outdoor storage.
      8866 Laurel Canyon Blvd, Sun Valley, CA 90046
      View Details
    • Contact for pricing

      Fully Leased Retail Center

      Retail property located on Sunset Boulevard, Los Angeles.
      7611-7623 Sunset Blvd, Los Angeles, CA 90046
      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.
    7207 Melrose Ave
    Los Angeles, CA 90046
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.