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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Retail space
7609 Melrose Ave Los Angeles, CA 90046-7419
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7055800
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
TILT-UP CONCRETE
Total area
4,200 SF
Lot
0.14 ac (6,204 SF)
Zoning code
LAC4
APN
5526-014-025
UPID
US09-7055800
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Flasher Melrose Clothing Store Men'S Clothing Store
-
BNZO USA (Bike/Boat/Book/etc) Store
-
F O T A Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$600k
Blend (final)
Blend
$825k
Owner & transaction history
7601 Melrose Avenue LLC · 7 yrs held
7601 Melrose Avenue LLC
since 2018
7 recorded transactions
Zoning & alternative use
LAC4 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$825k
Range $743k – $908k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$196 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$43,647
Tax year 2024
Assessed value
$3,362,967
Assessed 2024
Previous assessed
$3,362,967
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$2,020,539
Assessed improvement
$1,342,428
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
2
Total area
4,200 SF
Lot
0.14 ac (6,204 SF)
Zoning code
LAC4
APN
5526-014-025
UPID
US09-7055800
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CA
Zoning LAC4 · permitted uses
LAC4 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
7601 Melrose Avenue LLC
Entity
Mailing address
9454 WILSHIRE BLVD #603, BEVERLY HILLS, CA 90212-2931
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2022
—
7601 Melrose Avenue LLC
—
Deed
related
$1,000,000 · Jpmorgan Chase Bank NA
Aug 13, 2019
—
7601 Melrose Avenue LLC
—
Deed
related
$250,000 · Jpmorgan Chase Bank NA
Sep 19, 2018
$8,050,000
7601 Melrose Avenue LLC
Harkham,efrem +
Trustees Deed
related
$2,400,000 · Jp Morgan Chase Bk
Jun 8, 2012
—
7611 Melrose Avenue LP
7611 Melrose LP
Grant Deed
$800,000 · Jpmorgan Chase Bank NA
Mar 30, 2006
—
Harkham Family Ents
Harkham Industries INC
Quit Claim Deed
related
$1,100,000 · Cathay Bank
Dec 30, 2004
—
Harkham Family Ents
Harkham Uri Trust
Quit Claim Deed
related
—
Oct 21, 2004
—
7611 Melrose
Aflalo Family Trust
Quit Claim Deed
related
—
Jan 27, 1992
—
Aflalo Moshe Co Tr
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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