5735 Melrose AveLos Angeles, CA 90038

Property Details for 5735 Melrose Ave

Year built

1952

Construction

TILT-UP CONCRETE

Lot size

0.26 AC

Property size (Sq ft)

8,446 SF

Zone code

LAC2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5534-036-030

APU

5534036030

Description

This exceptional 8,596 square foot creative office building at 5735 Melrose Ave, Los Angeles, CA 90038, is a prime owner-user opportunity. Designed by Shook Kelley, this property boasts a unique blend of indoor and outdoor workspace, perfect for entertainment or tech companies. Features include a large screening room, film vault, three editing rooms, kitchen/cafe, and two conference rooms. Multiple server rooms and separately zoned air conditioning ensure optimal functionality. The building sits on an 11,480 square foot lot and is zoned C2. The roof membrane has an eight-year remaining warranty. Its location in the heart of Hollywood, steps from Paramount Studios and near Netflix's ecosystem, offers unparalleled convenience and prestige. Enjoy proximity to Larchmont Village's vibrant culinary and retail scene, including Osteria Mamma, Cafe Gratitude, Lemonade, and Kali. Asking price is $9,997,148 ($1,163/SF).

• CAP approach

  CAP return

  Valuation

  6%

  $3,094,497

  6.5%

  $2,856,459

  7%

  $2,652,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,489,442

  Geo Method

  $2,489,442

• Alternative Use

  Use

  Valuation

  Residential

  $2,856,459

  Hospitality

  $2,616,501

  Educational

  $2,176,898

  Medical

  $2,251,765

  Retail

  $3,386,286

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0838

Longitude

-118.326

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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