8262 Melrose Ave - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90046- Beverly Grove
$3,250,000 USD
310-927-5865
8262 Melrose Ave, Los Angeles, CA for Sale
$3,250,000 USD
Storefront Retail/Residential - FOR SALE
1/15
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8262 Melrose Ave
Los Angeles, CA 90046
Beverly Grove


OVERVIEW

8262 Melrose Avenue is a premier mixed-use asset that presents a rare opportunity for an owner-user or investor to acquire a high-visibility property on one of Los Angeles’ major retail commercial corridors. The property features a retail showroom with prominent street frontage, delivered vacant for immediate occupancy or retenanting. Positioned in the rear is a detached, four-unit multifamily building providing immediate, stable cash flow to offset carrying costs. Adding significant value to this transaction, THE SELLER IS CARRYING FINANCING FOR A QUALIFIED BUYERS AT 6% INTEREST FOR 10 UPTO YEARS, in a challenging lending environment. The property benefits from an exceptional location adjacent to PAUL SMITH and CROSSROADS RESTAURANT, high foot traffic, strong demographics, and proximity to the region’s premier shopping, dining, and design districts. The immediate submarket is anchored by a mix of high end fashion flagships, luxury design showrooms, and acclaimed culinary institutions in close proximity to the scheduled re-opeing of FRED SEGAL's MELROSE , COMMUNITY GOODS, GEMINI G.E.L gallery, KAITE, and Cult Gaia. Please call Chris Mara at 310.927.5865 to discuss.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$926 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

LAC4

APN/PARCEL ID

5528-013-005

ASK ABOUT THIS PROPERTY

Chris MaraCarolwoodMore Info
310-927-5865

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Chris MaraCarolwoodMore Info
310-927-5865

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