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    7519 Melrose Ave Los Angeles, CA 90046
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    7519 Melrose Ave Los Angeles, CA 90046

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    • Investment properties
    • 5,349 SF
    • 0.10 lot acres
    For Lease
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    7519 Melrose Ave, Los Angeles, CA 90046 For Lease
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    7519 Melrose Ave, Los Angeles, CA 90046

    Rare retail space for rent on Melrose Avenue.

    7519 Melrose Ave, Los Angeles, CA 90046
    View Listing
    Property ID
    US09-7300761
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bottom Bunk / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • New York's Chopped Cheese (LA) / Take-out & Catering / Catering Service

    Property Details for 7519 Melrose Ave

    Year built
    1948
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    5,349 SF
    Zone code
    LAC4
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    5526-012-026
    APU
    5526012026

    Description

    This exceptional single-tenant retail property, located at 7519 Melrose Avenue in Los Angeles, California (zip code 90046), offers a unique blend of showroom and office space, totaling 5,400 square feet. Situated in the highly desirable Melrose Avenue retail corridor, between La Brea and Fairfax Avenues, this property presents an incredible and rare opportunity for businesses seeking a prominent location. The building features a unique advantage: a rear "tuck-under" parking area that has been thoughtfully enclosed and equipped with HVAC, effectively adding valuable square footage to the main space. This adaptable area can be utilized for various purposes, enhancing the property's overall functionality and appeal. The property's location within Los Angeles County ensures excellent visibility and accessibility, placing it within easy reach of a large and diverse customer base. This is a must-see property for discerning businesses seeking a high-impact retail presence in one of Los Angeles' most iconic shopping districts. The property is classified as Retail with a Subtype of Showroom and Office. The tenancy is single.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.354
    Latitude
    34.0839
    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
    $9,955
    $80,971
    $477,548
    $558,519
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,170,000
      7,370 SF

      7300 Melrose Ave

      STORE/OFFICE (MIXED USE) • 7,370 SF
      7300 Melrose Ave, Los Angeles, CA 90046-7513
      View Details
    • Value Estimation
      $555,000
      3,161 SF

      7257 Melrose Ave

      STORE/OFFICE (MIXED USE) • 3,161 SF
      7257 Melrose Ave, Los Angeles, CA 90046-7635
      View Details
    • Value Estimation
      $1,395,000
      5,241 SF

      7200 Melrose Ave

      STORE/OFFICE (MIXED USE) • 5,241 SF
      7200 Melrose Ave, Los Angeles, CA 90046-7656
      View Details
    • Value Estimation
      $6,340,000
      22,898 SF

      8175 Melrose Ave

      STORE/OFFICE (MIXED USE) • 22,898 SF
      8175 Melrose Ave, Los Angeles, CA 90046-7016
      View Details
    • Value Estimation
      $980,000
      4,528 SF

      719 Fairfax Ave

      STORE/OFFICE (MIXED USE) • 4,528 SF
      719 Fairfax Ave, Los Angeles, CA 90046-7274
      View Details
    • Value Estimation by Request
      2,400 SF

      7662 Melrose Ave

      STORE/OFFICE (MIXED USE) • 2,400 SF
      7662 Melrose Ave, Los Angeles, CA 90046-7441
      View Details

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      Mixed-Use Retail Building for Rent

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    Similar Nearby for Lease

    • $6,000 /Mo
      10,019 SF

      Melrose Avenue Storefront Opportunity

      Two-story storefront on Melrose Avenue, ideal for retail/office use.
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      View Details
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      Retail Space on Sunset Blvd

      Ground floor retail space available for lease on Sunset Blvd.
      7992 Sunset Blvd, Los Angeles, CA 90046
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      Retail Space on Melrose Avenue

      Retail space available for lease on Melrose Avenue.
      7801 Melrose Ave, Los Angeles, CA 90046
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      Sunset Strip High Identity Buildings

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      Retail Spaces Available For Rent

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      Melrose Avenue Retail Showroom Space

      Prime retail/showroom space in Melrose Arts District with high visibility.
      7555 Melrose Ave, Los Angeles, CA 90046
      View Details
    View Listing
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    Los Angeles, CA 90046
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    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
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