7555 Melrose AveLos Angeles, CA 90046

Property Details for 7555 Melrose Ave

Year built

1935

Construction

WOOD

Lot size

0.10 AC

Property size (Sq ft)

3,866 SF

Zone code

LAC4

Property type

Retail space

APN

5526-013-002

APU

5526013002

Description

This exceptional single-story retail building, located at 7555 1/2 Melrose Avenue in Los Angeles, California (90046), offers a fantastic opportunity for high-end retail use. Boasting approximately 3,900 square feet of total space, the property features two available spaces ranging from 1,500 to 2,400 square feet. Currently, 2,400 square feet are vacant. The building enjoys a highly visible and busy location on Melrose Avenue, also known as the Design District, renowned for its upscale restaurants, design tenants, and trendy boutiques. The property benefits from approximately 40 feet of street frontage, providing excellent visibility to potential customers. Inside, the space features attractive hardwood floors, high ceilings (approximately 18 feet), and ample track lighting. Large storefront windows allow for abundant natural light and excellent display opportunities. Convenient parking is provided with one space located at the rear of the building, accessible via a private entry/exit. The building's strategic location is between North Curson Avenue and La Brea Avenue, placing it within easy reach of the Grove and other popular destinations. This is an ideal location for businesses seeking a high-traffic, upscale environment in the heart of Los Angeles.

• CAP approach

  CAP return

  Valuation

  6%

  $1,646,597

  6.5%

  $1,519,936

  7%

  $1,411,369

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,852,600

  Geo Method

  $1,852,600

• Alternative Use

  Use

  Valuation

  Residential

  $1,282,123

  Hospitality

  $1,174,418

  Educational

  $977,102

  Medical

  $1,010,706

  Retail

  $1,519,936

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0839

Longitude

-118.355

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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