5784 Melrose Ave - Retail FOR SALE


Los Angeles, CA 90038- Hancock Park
$7,450,000 USD
213-247-0741
5784 Melrose Ave, Los Angeles, CA for Sale
$7,450,000 USD
Retail - FOR SALE
1/3
null | 5.3% Cap Rate

5784 Melrose Ave
Los Angeles, CA 90038
Hancock Park


HIGHLIGHTS

  • Irreplaceable corner location
  • Fully occupied, four-tenant retail center
  • Predominantly NNN lease structure

OVERVIEW

All In Capital is pleased to present 5784 Melrose Avenue, a ±6,345 SF multi-tenant retail center occupying a rare island parcel at the convergence of Melrose Avenue, Vine Street, and Rossmore Avenue in the heart of Los Angeles. This island corner offers four-sided street exposure with no shared walls, direct visibility to a Pavilions-anchored center across Melrose, and connectivity to three of the city's most established trade areas — the Hollywood Walk of Fame corridor to the north via Vine Street, and Larchmont Village / Hancock Park to the east and south respectively via Rossmore Avenue. The property is 100% leased to four tenants: 7-Eleven, Mario's Peruvian & Seafood, Ramen Melrose, and Re-Bag Me. The three largest tenants are on triple-net leases, reimbursing property taxes, insurance, and CAM directly and keeping landlord expense exposure to just 8.2% of effective gross income. A national credit anchor in 7-Eleven is complemented by three established, community-anchored independent operators. Investment Highlights: Irreplaceable island corner at Melrose / Vine / Rossmore 100% occupied, four-tenant retail center Predominantly NNN lease structure with minimal landlord expenses LAC2 zoning supports retail, restaurant, office, and medical uses Signalized corner with an estimated 30,000+ vehicles per day One-mile trade area population growing (+2% since 2020) against a contracting broader submarket ±6,345 SF building on a 13,951 SF (0.32 AC) lot with on-site parking Offered at $7,450,000 — a 5.30% cap rate on in-place, stabilized income — this asset combines durable current cash flow with meaningful upside through rent growth at future lease rollover. A rare opportunity to acquire a fully-leased, irreplaceable corner in one of Los Angeles' most recognized retail submarkets

FOR SALE DETAILS

PRICE

$7,450,000 USD

PRICE/SF

$1,174 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LAC2

APN/PARCEL ID

5523-010-020

ASK ABOUT THIS PROPERTY

Justin KimAll In CapitalMore Info
213-247-0741

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Justin KimAll In CapitalMore Info
213-247-0741

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