5784 Melrose Ave 6,345 SF 100% Leased Retail Building Los Angeles, CA 90038 $7,450,000 ($1,174.15/SF) 5.30% Cap Rate

All In Capital is pleased to present 5784 Melrose Avenue, a ±6,345 SF multi-tenant retail center occupying a rare island parcel at the convergence of Melrose Avenue, Vine Street, and Rossmore Avenue in the heart of Los Angeles. This island corner offers four-sided street exposure with no shared walls, direct visibility to a Pavilions-anchored center across Melrose, and connectivity to three of the city's most established trade areas — the Hollywood Walk of Fame corridor to the north via Vine Street, and Larchmont Village / Hancock Park to the east and south respectively via Rossmore Avenue.
The property is 100% leased to four tenants: 7-Eleven, Mario's Peruvian & Seafood, Ramen Melrose, and Re-Bag Me. The three largest tenants are on triple-net leases, reimbursing property taxes, insurance, and CAM directly and keeping landlord expense exposure to just 8.2% of effective gross income. A national credit anchor in 7-Eleven is complemented by three established, community-anchored independent operators.
Investment Highlights:
Irreplaceable island corner at Melrose / Vine / Rossmore
100% occupied, four-tenant retail center
Predominantly NNN lease structure with minimal landlord expenses
LAC2 zoning supports retail, restaurant, office, and medical uses
Signalized corner with an estimated 30,000+ vehicles per day
One-mile trade area population growing (+2% since 2020) against a contracting broader submarket
±6,345 SF building on a 13,951 SF (0.32 AC) lot with on-site parking
Offered at $7,450,000 — a 5.30% cap rate on in-place, stabilized income — this asset combines durable current cash flow with meaningful upside through rent growth at future lease rollover. A rare opportunity to acquire a fully-leased, irreplaceable corner in one of Los Angeles' most recognized retail submarkets