8755 Melrose Ave West Hollywood, CA 90069
Property profile & analytics
8755 Melrose Ave West Hollywood, CA 90069
- Retail space
- 3,600 SF
- 0.09 lot acres
Property ID
US09-9917808
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 8755 Melrose Ave
- Year built
- 1930
- Construction
- WOOD
- Lot size
- 0.09 lot acres
- Property size
- 3,600 SF
- Zone code
- WDC1A*
- Property type
- Retail space
- APN
- 4336-007-027
- APU
- 4336007027
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,390,000
- 6.5%
- $1,285,000
- 7%
- $1,195,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,480,000 Current use
- OFFICE BUILDING
- $1,805,000 Change: +22% Conversion: Easy
- MEDICAL BUILDING
- $1,640,000 Change: +11% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,525,000 Change: +3% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- West Hollywood
- County
- Los Angeles
- State
- California
- Longitude
- -118.385
- Latitude
- 34.0811
- 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
$109,947
$6,762,600
$2,413,728
$9,176,328
-
$0.00
$0.00
$0.00
