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 properties

Property subtype

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

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].