7172 Melrose Ave - Storefront FOR SALE


Los Angeles, CA 90046- Melrose
$2,050,000 USD
510-468-7404
7172 Melrose Ave, Los Angeles, CA for Sale
$2,050,000 USD
Storefront - FOR SALE
1/14
null | 6.92% Cap Rate

NEW


7172 Melrose Ave
Los Angeles, CA 90046
Melrose


HIGHLIGHTS

  • For SALE & For LEASE!
  • Delivered vacant, ideal for owner user or new lease
  • Freestanding 3,380 SF retail building on a 4,400 SF lot
  • Storefront, private offices, kitchenette, storage, and restroom
  • Also available for lease at $3.95 per SF per month NNN
  • 6.92% pro forma cap rate at asking price

OVERVIEW

For Sale AND For Lease! Rare owner-user or investor opportunity in the heart of the Melrose retail corridor between La Brea and Fairfax. 7172 Melrose Ave is a freestanding 3,380 SF retail building on a 4,400 SF lot with 40 feet of frontage, delivered vacant. The building offers an open retail showroom, private offices, kitchenette, storage, and restroom, plus gated rear parking for four cars and an enclosed loading bay with alley access. The property is zoned LAC2. Also available for lease at $3.95 per SF per month NNN.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$607 USD /SF

CAP RATE

6.92%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C2

APN/PARCEL ID

5525-015-004

ASK ABOUT THIS PROPERTY

Chandler RockwellFred Leeds PropertiesMore Info
510-468-7404

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Chandler RockwellFred Leeds PropertiesMore Info
510-468-7404

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