5550 Melrose Ave - Office FOR SALE


Los Angeles, CA 90038- Hancock Park
$3,995,000 USD
310-550-2545
5550 Melrose Ave, Los Angeles, CA for Sale
$3,995,000 USD
Office - FOR SALE
1/15
null | Request Cap Rate

NEW


5550 Melrose Ave
Los Angeles, CA 90038
Hancock Park


OVERVIEW

CBRE is pleased to present the opportunity to acquire 5550 Melrose Avenue, a ±4,768 SF office/ retail building located just two blocks from the iconic and amenity-rich Larchmont Boulevard. This single-story, standalone structure sits on a ±7,405 SF parcel on the corner of Melrose Avenue and Beachwood Drive. Its prime location and freestanding nature make it an exceptional opportunity with multiple paths for value creation appealing to: - Owner-Users, who can generate rental income through August 2028 before occupying the space. - Investors, looking to reposition the property and lease to high-end retail tenants at premium rents. - Developers, with the potential to assemble an expanded ±19,602 SF site by acquiring adjacent lots from a single owner. This is a truly unique offering due to the lack of well-located, freestanding office/retail buildings in Hollywood that offer incredible walkability and remain free from vagrancy issues.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$838 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C2-1VL

APN/PARCEL ID

5523-023-020

ASK ABOUT THIS PROPERTY

310-550-2545

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310-550-2545

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