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Executive Summary

We are proud to offer the opportunity to acquire 7619 Melrose Ave. This fully leased property consists of five tenants across two levels. Each unit is separately metered for electricity, and the building includes eight rear parking spaces. The asset provides strong visibility, high ceilings, and excellent signage potential. Ideally located on the vibrant Melrose Avenue, the property is surrounded by popular retailers, restaurants, and nightlife destinations.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,800 SF
Building Class
B
Year Built
1947
Price
$4,519,385 CAD
Price Per SF
$941.54 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
1.07
Lot Size
0.10 AC
Zoning
C4 - Commercial
Frontage
82’ on Melrose
Very walkable
80/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100

Nearby Major Retailers

Starbucks
Blue Bottle Coffee
Bank of America
Wells Fargo
Club Pilates
CrossFit
Trader Joe's
Smart & Final
Whole Foods
Sprouts Farmers Market

Property Taxes

Property Taxes

Parcel Number
5526-014-022
Land Assessment
$3,667,231 CAD
Improvements Assessment
$802,585 CAD
Total Assessment
$4,469,816 CAD
  • Listing ID: 39975841

  • Date on Market: 2024-03-20

  • Last Updated:

  • Address: 7619-7621 Melrose Ave, Los Angeles, CA 90046

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