7172 Melrose Ave
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7172 Melrose Ave
3,380 SF Retail Building Los Angeles, CA 90046 $4,235,875 CAD ($1,253.22 CAD/SF) 6.78% Cap Rate
INVESTMENT HIGHLIGHTS
- Famous Melrose Ave, tons of Foot Traffic and high Car Count
- Stand alone Building with parking and 40 feet of Melrose Ave frontage
- Central Los Angeles, Surrounded by high-end shops and restaurants
EXECUTIVE SUMMARY
This prime Melrose Avenue of Los Angeles retail property is in an ideal location. There is a ton of foot traffic and the car count is very high. This building can be delivered vacant, so a new owner can occupy it themselves or be. leased for a great investment. Currently it is a storefront plus offices, kitchenette, storage & a bathroom in the back, along with gated parking for 4 cars. This space is surrounded by high-end retail shops & restaurants and can be designed to your liking. Very central part of LA. Close to West Hollywood, Hollywood.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
3,380 SF
Building Class
B
Year Built
1947
Price
$4,235,875 CAD
Price Per SF
$1,253.22 CAD
Cap Rate
6.78%
NOI
$287,192 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.78
Lot Size
0.10 AC
Zoning
C2 - Commercial
Parking
5 Spaces (1.48 Spaces per 1,000 SF Leased)
Frontage
40’ on Melrose Ave
AMENITIES
- Air Conditioning
Walk Score®
Walker's Paradise (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5525-015-004 | Improvements Assessment | $349,298 CAD |
| Land Assessment | $1,414,673 CAD | Total Assessment | $1,763,971 CAD |
PROPERTY TAXES
Parcel Number
5525-015-004
Land Assessment
$1,414,673 CAD
Improvements Assessment
$349,298 CAD
Total Assessment
$1,763,971 CAD
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7172 Melrose Ave
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