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4318-4330 Melrose Ave
Los Angeles, CA 90029
Retail Property For Sale
Investment Highlights
- Motivated Seller | Please call for pricing guidance
- 13,540 SF of existing retail improvements with seven units, currently two vacancies, providing strong income potential and flexibility
- Situated at the intersection of Melrose Avenue and Heliotrope Drive
- Two combined parcels totaling 27,526 SF with LAC2 and LAR3 zoning, allowing for future development of up to 241 residential units.
- A total of 38 parking spaces, including a dedicated lot and an additional lot across the alley
- Steps from Virgil Village, Sqirl, Courage Bagels, Budonoki, Melody, and Voodoo Vin. Erewhon Silver Lake is just a 5-min drive.
Property Facts
Property Type
Retail
Property Subtype
Building Size
13,540 SF
Building Class
C
Year Built
1908
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.63 AC
Zoning
LAC2-1, LAR3-1 - Commercial
Parking
38 Spaces (2.81 Spaces per 1,000 SF Leased)
Frontage
121’ on E Melrose Ave
Amenities
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $444,850 | |
| Land Assessment | $1,436,519 | Total Assessment | $1,881,369 |
Property Taxes
Parcel Numbers
Land Assessment
$1,436,519
Improvements Assessment
$444,850
Total Assessment
$1,881,369
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