Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    7969 Melrose Ave Los Angeles, CA 90046-7118

    Property Lookup

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

    7969 Melrose Ave Los Angeles, CA 90046-7118

    View on Map
    • Investment properties
    • 3,625 SF
    • 0.06 lot acres
    Off-Market
    Last Sale Jan 8, 2024
    $4,000,000
    Property ID
    US09-8196991
    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
    $4,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • iv / Art Gallery
    • Jewelry Wholesale LA / Big Box & Wholesale Store

    Property Details for 7969 Melrose Ave

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    3,625 SF
    Zone code
    LAC4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    5527-013-005
    APU
    5527013005

    Description

    This exceptional mixed-use building at 7969 Melrose Avenue in West Hollywood, California, presents a unique owner-user opportunity. Boasting a total of 4,020 square feet, this property is ideally suited for a retailer or office showroom user seeking a prime location. The building is currently vacant, allowing for immediate occupancy and customization to suit your specific needs. A recent, comprehensive remodel (within the last five years) ensures modern amenities and a move-in ready condition. The property features approximately 2,286 square feet of retail space and approximately 1,754 square feet of office space, offering flexibility for various business models. Occupy one space and lease the other, or utilize the entire building for your business. A significant advantage is the grandfathered signage, providing excellent visibility and branding potential. Situated amidst multi-million dollar homes, this location guarantees access to a highly affluent customer base. Its central location offers convenience for both employees and clients. A virtual tour is available for your review. This is a must-sell property with a deadline of year-end. Located in Los Angeles County, zip code 90046.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,000,000
      ML approach
      $4,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,589,000
      Market price range: $1.46M - $3.59M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,620,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.363
    Latitude
    34.084
    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
    $24,700
    $1,671,240
    $350,182
    $2,021,422
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,247 SF

      7748 Santa Monica Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,247 SF
      7748 Santa Monica Blvd, West Hollywood, CA 90046-6220
      View Details
    • Value Estimation
      $1,900,000
      9,618 SF

      7400 Santa Monica Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 9,618 SF
      7400 Santa Monica Blvd, West Hollywood, CA 90046-5605
      View Details
    • Value Estimation
      $1,745,000
      6,760 SF

      8017 Melrose Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,760 SF
      8017 Melrose Ave, Los Angeles, CA 90046-7009
      View Details
    • Value Estimation
      $1,775,000
      7,890 SF

      7761 Melrose Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,890 SF
      7761 Melrose Ave, Los Angeles, CA 90046-7328
      View Details
    • Value Estimation
      $1,390,000
      6,943 SF

      7974 Melrose Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,943 SF
      7974 Melrose Ave, Los Angeles, CA 90046-7117
      View Details
    • Value Estimation by Request
      2,531 SF

      Los Angeles, CA 90046

      OFFICE/RESIDENTIAL (MIXED USE) • 2,531 SF
      Los Angeles, CA 90046
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,099 SF

      West Hollywood Development Opportunity

      Prime corner location with development potential in West Hollywood.
      8001 Santa Monica Blvd, West Hollywood, CA 90046
      View Details
    • Contact for pricing
      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
    • $599,000

      Land with Foundation in Los Angeles

      Land with foundation, geology report, ideal for developers/owner-users.
      2529 Woodstock Rd, Los Angeles, CA 90046
      View Details
    • $120,000
      5,081.00 Acres

      Residential Land in Hollywood Hills West

      Land in prime location near Sunset Strip for custom residence.
      2152 Groveland Dr, Los Angeles, CA 90046
      View Details
    • Contact for pricing

      Hollywood Hills Land with Views

      Land in Hollywood Hills with views of downtown LA.
      8468 Elusive Dr, Los Angeles, CA 90046
      View Details
    • Contact for pricing
      2,353 SF

      Updated Spanish-Style West Hollywood Duplex

      Updated duplex in West Hollywood with private outdoor spaces.
      7621 Norton Ave, West Hollywood, CA 90046
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Melrose Avenue Retail Opportunity

      Rare retail space for rent on Melrose Avenue.
      7519 Melrose Ave, Los Angeles, CA 90046
      View Details
    • Contact for pricing

      Sunset Boulevard Retail Spaces Available

      Retail spaces available on Sunset Blvd, ranging from 1,000-2,000 SqFt.
      7901 Sunset Blvd, Los Angeles, 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
    • Contact for pricing
      1,460 SF

      Retail/Office Space Available

      Retail or office space for rent in Los Angeles.
      1449 N Gardner St, Los Angeles, CA 90046
      View Details
    • Contact for pricing
      1,535 SF

      Retail Space Available For Rent

      Second floor retail space available in Los Angeles.
      1502-1506 N Gardner St, Los Angeles, CA 90046
      View Details
    • $5 SF/Yr
      24,619 SF

      Creative Office Space on Historic Lot

      Creative campus environment in West Hollywood's media district.
      1041 North Formosa Ave, West Hollywood, 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.
    7969 Melrose Ave
    Los Angeles, CA 90046-7118
    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

    Thank You for Inquiry

    7969 Melrose Ave, Los Angeles, CA, 90046

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!