7519 Melrose AveLos Angeles, CA 90046

Property Details for 7519 Melrose Ave

Year built

1948

Construction

WOOD

Lot size

0.10 AC

Property size (Sq ft)

5,349 SF

Zone code

LAC4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5526-012-026

APU

5526012026

Description

This exceptional single-tenant retail property, located at 7519 Melrose Avenue in Los Angeles, California (zip code 90046), offers a unique blend of showroom and office space, totaling 5,400 square feet. Situated in the highly desirable Melrose Avenue retail corridor, between La Brea and Fairfax Avenues, this property presents an incredible and rare opportunity for businesses seeking a prominent location. The building features a unique advantage: a rear "tuck-under" parking area that has been thoughtfully enclosed and equipped with HVAC, effectively adding valuable square footage to the main space. This adaptable area can be utilized for various purposes, enhancing the property's overall functionality and appeal. The property's location within Los Angeles County ensures excellent visibility and accessibility, placing it within easy reach of a large and diverse customer base. This is a must-see property for discerning businesses seeking a high-impact retail presence in one of Los Angeles' most iconic shopping districts. The property is classified as Retail with a Subtype of Showroom and Office. The tenancy is single.

• CAP approach

  CAP return

  Valuation

  6%

  $1,921,775

  6.5%

  $1,773,946

  7%

  $1,647,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,576,607

  Geo Method

  $1,576,607

• Alternative Use

  Use

  Valuation

  Residential

  $1,773,946

  Hospitality

  $1,624,925

  Educational

  $1,351,918

  Medical

  $1,398,413

  Retail

  $2,102,984

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0839

Longitude

-118.354

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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