7365-7367 Melrose Ave - Storefront Retail/Office FOR SALE


Los Angeles, CA 90046
$2,700,000 USD
310-691-3671
7365-7367 Melrose Ave, Los Angeles, CA for Sale
$2,700,000 USD
Storefront Retail/Office - FOR SALE
1/12
null | 5.6% Cap Rate

7365-7367 Melrose Ave
Los Angeles, CA 90046


HIGHLIGHTS

  • Siliconized coated roof with transferable warranty to 2032
  • Fire Code Compliant Back Egress
  • 4 Gated Parking Spaces
  • Includes Bonus of Additional 700 SF
  • Each unit has Central A/C
  • ADA compliant entrances

OVERVIEW

Bensimon Realty is proud to present a family owned property on the market for the first time in decades. Existing property with 2 retail storefronts will be delivered with strong tenants in place, flexible short term leases that can be extended and leaves room for value add opportunities or re-development. Situated on world famous Melrose Avenue in the arts district a walkers paradise & one of Los Angeles’ most coveted retail corridors with a variety of dining options. It’s an opportunity for an owner/user, investor or developer to own a property in California’s most premium urban markets. 7365 Melrose has a bonus of additional 700 SF, the back egress has been upgraded to current fire safety code. The building is separately metered for electrical, shared for water, features upgraded rolling gate for 4 space parking, high-ceilings, owner recently invested over 100K upgrading front entrance plate glass to be ADA compliant, many updates and upgrades have been done over the years, overall well maintained building, great visibility & amazing signage opportunities. Please do not disturb current tenants. Text or Call Adam Bensimon for questions and showings 310-691-3671. No commission paid to agent that was not present during showing or did not register their client before a showing. Broker/Agent does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or other sources, the tenant is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals to satisfy themselves.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$912 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

LAC4

APN/PARCEL ID

5526-009-003

ASK ABOUT THIS PROPERTY

Adam BensimonDream Home EstatesMore Info
310-691-3671

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Adam BensimonDream Home EstatesMore Info
310-691-3671

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