Thank you
Gil Corber
Propnation, Inc.
310-367-7611
Opportunity to purchase 7815-7817 Melrose Avenue, Los Angeles, California. Built in 1982 and renovated in 2000, the Property offers 43 feet of Frontage on the World-famous Melrose Avenue, near the intersection with Fairfax Avenue. With a combined car count of over 127,000 vehicles per day, this Offering presents an incredible acquisition opportunity on one of Los Angeles' most coveted retail corridors. 7815-7817 Melrose Avenue is a Two-story Building with Approximately 7,750 Sf of Ground-floor Retail and Second-floor Office, an excellent Opportunity for an Owner/User or Investor in one of California's most Premium Urban Markets. The spaces are ideally sized, appealing to a variety of tenant types and uses. The current tenants are on Month-to-Month leases with under-market rents, offering the investor an immediate upside by leasing the units at market rents in one of the highest barrier-to-entry markets in California. Rated "Walker's Paradise" by CoStar with a Walk Score of 95, the property is located within distance to major attractions such as The Grove, Beverly Center, Sunset Strip, Beverly Hills, Rodeo Drive, Cedars-Sinai, and is surrounded by multiple dining and shopping options that Melrose has to offer: Urth Caffe Melrose, Zinqu, Alfred Coffee, Catch LA, Adidas, Reformation, Paul Smith, Vivienne Westwood, Gucci, among many others. Melrose Avenue is one of L.A.'s most famous streets, featuring a myriad of shopping, dining and entertainment destinations. All about"strolling and shopping", the street begins at Santa Monica Boulevard where the cities of Beverly Hills and West Hollywood meet, boasting one of the highest foot traffic areas in the city of Los Angeles is the most populous city the state of California. It is the Entertainment capital of the world, a cultural mecca boasting more than 100 museums, a global hub of the Fashion industry, and a paradise of idyllic weather.
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Total Bedrooms : 0
Total Baths: 1
Full Baths: 0
Half Baths: 0
Year Built: 1940
Building Area Total: 5,506
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1069
Lot Size Dimensions: 40x116
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 4656
Original List Price: 5,950,000
Listing Contract Date: 2024-01-29
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5527010010
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C10 - West Hollywood Vicinity
Directions: East of Fairfax
Zoning: LAC4
Source Property Type: Residential Income
Area: C10 - West Hollywood Vicinity
Property Age: 84
Year Built Source: Vendor Enhanced
Total Square Feet Living: 5506
Levels or Stories: Multi/Split
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1738 Nichols Canyon Road, Los Angeles, CA,90046 | $3,899,000 | 5 | 4 | 3,924 | 7636 Sqft |
8169 Kirkwood Drive, Los Angeles, CA,90046 | $299,995 | -- | -- | -- | 11820 Sqft |
7506 Willow Glen Road, Los Angeles, CA,90046 | $449,000 | -- | -- | -- | 15182 Sqft |
7801 Hillside Avenue, Los Angeles, CA,90046 | $7,295,000 | 6 | 10 | 7,130 | 18984 Sqft |
823 N Ogden Drive, Los Angeles, CA,90046 | $1,995,000 | 4 | 2 | 1,872 | 6499 Sqft |
2341 Zorada Court, Los Angeles, CA,90046 | $7,586,000 | 5 | 5 | 6,300 | 40640 Sqft |
2235 Hercules Drive, Los Angeles, CA,90046 | $7,550,000 | 5 | 7 | 6,162 | 13776 Sqft |
2529 Woodstock Road, Los Angeles, CA,90046 | $799,000 | -- | -- | -- | 8441 Sqft |
8413 Grand View Drive, Los Angeles, CA,90046 | $149,999 | -- | -- | -- | 5684 Sqft |
8207 Mulholland Drive, Los Angeles, CA,90046 | $17,900,000 | 8 | 6 | 4,860 | 156554 Sqft |
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ByOwner last updated this listing 05/16/2024 @ 07:48
MLS: 24352677
LISTED BY: Gil Corber, Propnation, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.