8686 Melrose AveWest Hollywood, CA 90069

Property Details for 8686 Melrose Ave

Year built

1983

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

3,532 SF

Zone code

WDC1A*

Property type

Office properties

Property subtype

Office buildings

APN

4337-018-060

APU

4337018060

Description

This exceptional 2-story, +/- 3,532 square-foot freestanding retail building enjoys a coveted corner location at the highly trafficked intersection of Melrose Avenue and San Vicente Boulevard in West Hollywood, Los Angeles County. Boasting excellent condition and a fully built-out interior, this single-tenant space is ready for immediate occupancy. Features include central air conditioning, partitioned offices, private restrooms, a security system, high ceilings, secure storage, recessed lighting, automatic blinds, and ample natural light from a skylight and atrium. The property offers 8 on-site parking spaces, including 4 private covered spaces with private access. This "plug and play" space is an outparcel, providing exceptional visibility and brand exposure. Located in the heart of luxury retail, surrounded by designer boutiques, upscale eateries, and major interior design brands, this property offers unparalleled access to affluent shoppers and a high-traffic area (45,000+ cars daily). The space is ideal for a flagship retail operation seeking maximum impact and brand presence in a prestigious West Hollywood location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,023,361

  6.5%

  $944,641

  7%

  $877,167

• Comparable approach

  Method

  Valuation

  Relative Method

  $671,645

  Geo Method

  $671,645

• Alternative Use

  Use

  Valuation

  Residential

  $1,171,355

  Hospitality

  $1,072,955

  Educational

  $892,686

  Medical

  $923,387

  Retail

  $1,388,622

Location Insight

City

West Hollywood

County

Los Angeles

State

California

Latitude

34.0812

Longitude

-118.383

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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