8471 Melrose PlLos Angeles, CA 90069

Property Details for 8471 Melrose Pl

Year built

1948

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

3,786 SF

Zone code

LAC4

Property type

Retail space

APN

5528-001-056

APU

5528001056

Description

This exceptional 2,000 square foot retail space, located at 8471 Melrose Place in Los Angeles, California (zip code 90069), presents a unique opportunity for a single-tenant business. Situated in Los Angeles County, this property offers a completely vacant space, ready for immediate occupancy and customization to suit your specific needs. The property is classified as both retail and restaurant-suitable, providing flexibility for a variety of commercial ventures. Its prime location on Melrose Place offers excellent visibility and accessibility, making it an ideal spot to establish a thriving business. The building's total square footage is 2,000 square feet, all of which is currently available for lease. This presents a blank canvas for a new business to create a unique and impactful presence in a highly desirable area of Los Angeles. The property's coordinates are 34.0838431 latitude and -118.3757655 longitude. This is a single-tenant space, ensuring exclusive use and control of the entire premises. Serious inquiries are encouraged to explore this exceptional leasing opportunity. The property is currently available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $1,612,524

  6.5%

  $1,488,484

  7%

  $1,382,163

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,814,263

  Geo Method

  $1,814,263

• Alternative Use

  Use

  Valuation

  Residential

  $1,255,592

  Hospitality

  $1,150,115

  Educational

  $956,882

  Medical

  $989,791

  Retail

  $1,488,484

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0839

Longitude

-118.376

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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