7217 MelroseLos Angeles, CA 90046

  • Retail properties
  • 2,272 SF
Off market
$1,012,000 Estimated

Property Details for 7217 Melrose

Year built
1946
Construction
WOOD
Lot size
0.10 AC
Property size (Sq ft)
2,272 SF
Zone code
LAC4
Property type
Retail properties
Property subtype
Retail space
APN
5525-011-015
APU
5525011015

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $967,685
    6.5%
    $893,247
    7%
    $829,444
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,088,750
    Geo Method
    $1,088,750
  • Alternative Use

    Use
    Valuation
    Residential
    $753,488
    Hospitality
    $690,191
    Educational
    $574,230
    Medical
    $593,979
    Retail
    $893,247
7217 Melrose, Los Angeles, California

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0838
Longitude
-118.347
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$18,337
$933,610
$404,505
$1,338,115
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FAQs

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