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Property profile & analytics
OFF-MARKET Estimated value $1,155,000
Retail space

8755 Melrose Ave West Hollywood, CA 90069-5014

3,600 SF 0.09 ac lot Built 1930
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-9917808
Property summary
AI-generated overview

This exceptional 3,832 square foot restaurant space is ideally situated on Melrose Avenue in West Hollywood, California. Built in 1930, the single-tenant property offers a unique opportunity for a discerning restaurateur. The entire building, totaling 3,832 square feet, is currently vacant, presenting a blank canvas for a new culinary concept. The property's location on Melrose Avenue provides high visibility and accessibility, benefiting from significant foot traffic and proximity to other popular businesses. The building's charming character, combined with the potential for outdoor seating on a patio, creates an attractive setting for a variety of restaurant styles. Located in Los Angeles County, with a zip code of 90069, this property is in a vibrant and desirable area known for its thriving culinary scene. The property's single-tenant occupancy simplifies management and allows for complete creative control over the space. This is a rare opportunity to establish a flagship restaurant in a prime West Hollywood location. The building's historical context adds to its unique appeal, offering a blend of vintage charm and modern potential. The ample square footage allows for a spacious dining area, a fully equipped kitchen, and potentially additional features such as a bar or private dining room. This property is perfect for an ambitious entrepreneur looking to make their mark in the heart of West Hollywood.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Construction WOOD
Total area 3,600 SF
Lot 0.09 ac (4,042 SF)
Zoning code WDC1A*
APN 4336-007-027
UPID US09-9917808
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.29M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.16M
Owner & transaction history
First Republic Bank · 3 yrs held
First Republic Bank
since 2022
7 recorded transactions
2022
Price N/A
2022
Price N/A
2022
Price N/A
2020
$1.2M
2020
Price N/A
2017
$8.0M
2002
Price N/A
Zoning & alternative use
WDC1A* · West Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.8M +22.2%
Medical building $1.6M +11.0%
Neighborhood: shopping center $1.5M +3.2%
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