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Melrose Restaurant + Retail/Office Property 7661-7663 Melrose Ave 7,316 SF 49% Leased Retail Building Los Angeles, CA 90046 $4,452,500 CAD ($608.60 CAD/SF)
Investment Highlights
- Nearby Fairfax High School and other traffic drivers
- Secured Rear Parking
- Immediate Cash Flow
- Excellent frontage
- Perfect for Investor or Owner-User
- Strong Lease in Place
Executive Summary
We are pleased to present a prime investment or owner-user opportunity located at 7661-7663 Melrose Avenue. Situated just steps from the iconic intersection of Melrose and Fairfax, this ±7,316 SF retail/office property sits in the pulse of one of Los Angeles' most vibrant shopping districts.
The property offers a rare "best of both worlds" scenario: immediate stability from a high-end ground-floor tenant and significant value-add potential on the second floor.
Investment Highlights:
Prime Location: High-foot-traffic area near Fairfax High School, Blu Jam Cafe, and Urban Outfitters.
Anchor Tenant: Ground floor features THEIA Mediterranean Restaurant & Bar, a newly renovated, long-term tenant providing immediate cash flow.
Value-Add Potential: The vacant 2nd floor is ideal for an owner-user or a secondary lease to maximize ROI.
Convenience: Secured on-site parking at the rear, a rare amenity in this corridor.
The property offers a rare "best of both worlds" scenario: immediate stability from a high-end ground-floor tenant and significant value-add potential on the second floor.
Investment Highlights:
Prime Location: High-foot-traffic area near Fairfax High School, Blu Jam Cafe, and Urban Outfitters.
Anchor Tenant: Ground floor features THEIA Mediterranean Restaurant & Bar, a newly renovated, long-term tenant providing immediate cash flow.
Value-Add Potential: The vacant 2nd floor is ideal for an owner-user or a secondary lease to maximize ROI.
Convenience: Secured on-site parking at the rear, a rare amenity in this corridor.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,316 SF
Building Class
C
Year Built
1930
Price
$4,452,500 CAD
Price Per SF
$608.60 CAD
Percent Leased
49%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
1.40
Lot Size
0.12 AC
Zoning
C4
Parking
5 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
56’ on Melrose
Space Availability
- Space
- Size
- Space Use
- Position
- Available
2nd floor available for lease and the building is for sale as well.
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 3,700 SF | Retail | - | Now |
2nd Floor
| Size |
| 3,700 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size | 3,700 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
2nd floor available for lease and the building is for sale as well.
Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5527-007-003 | Improvements Assessment | $966,395 CAD |
| Land Assessment | $1,314,430 CAD | Total Assessment | $2,280,825 CAD |
Property Taxes
Parcel Number
5527-007-003
Land Assessment
$1,314,430 CAD
Improvements Assessment
$966,395 CAD
Total Assessment
$2,280,825 CAD
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Melrose Restaurant + Retail/Office Property | 7661-7663 Melrose Ave
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