5625 Melrose Ave - Storefront FOR SALE


Los Angeles, CA 90038- Hollywood
$5,600,000 USD
310-625-6825
5625 Melrose Ave, Los Angeles, CA for Sale
$5,600,000 USD
Storefront - FOR SALE
1/7
null | Request Cap Rate

NEW


5625 Melrose Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Prime Larchmont Village Location on Melrose Ave by Larchmont Blvd terminus
  • Two-story office building with elevator service
  • C4-1D zoning — broad commercial uses permitted or redevelopment
  • Steps from Paramount, Netflix/Raleigh Studios
  • Rare Reposition Opportunity

OVERVIEW

Rare reposition opportunity in a highly valuable location in Larchmont Village.? This freestanding two-story commercial building sits at the intersection of Melrose Avenue and N.? Larchmont Boulevard — one of the most recognizable corners in Hollywood.? Built in 1928 with dramatic skylights and rooftop views of Hollywood, Larchmont Village, and Hancock Park, the property carries the authentic character of early Hollywood, and with it a rich history.? The 14,760 SF two-story building sits on 15,402 SF of land and benefits from a rare combination: a Melrose Avenue address at the top of Larchmont Blvd nestled among restaurants and mixed-use projects, on-site secured parking, and unmatched proximity to the entertainment industry's most active studio corridor.? The site is zoned C4-1D, one of Los Angeles' most permissive commercial designations, supporting office, retail, medical, mixed/use*, and a broad range of creative uses.? Enriched with Old Hollywood history, 5625 Melrose Ave.? was built in 1928 and originally served as a bathhouse through the mid-1940's.? The building has most recently served as the longtime headquarters for the motion picture equipment house Alan Gordon Enterprises, one of Hollywood's most storied motion picture firms serving major studios and productions.? Prior to Alan Gordon Enterprises, the location was home to Spümcø, the renowned animation studio behind The Ren & Stimpy Show.?

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$381 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,416 SF

ZONING

C4-1D

APN/PARCEL ID

5534-035-015

ASK ABOUT THIS PROPERTY

Corey SpoundTamarack RESMore Info
310-625-6825

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Corey SpoundTamarack RESMore Info
310-625-6825

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.