6721 Melrose Ave
Hollywood, CA 90038
Melrose Avenue Signalized Corner · Retail Property For Sale

Marcus & Millichap has been selected to exclusively market for sale 6721 Melrose Avenue a 3,046 square foot office or retail building located on the signalized corner of Melrose Avenue and Mansfield Avenue in the highly sought-after Melrose district of Los Angeles, CA. Situated on Melrose Avenue just east of North La Brea and west of North Highland Avenue , 6721 Melrose is ideally located in one of Southern California’s busiest shopping thoroughfares. The property offers excellent visibility with 86 Feet of frontage along Melrose Avenue on a bustling corner lot with parking in the rear. There is a large 14 x 48 single sided billboard on the property that is currently on a month to month lease, providing the potential upside in stabilizing the lease term or the ability to remove from the property if the ultimate plan is to re-develop the property. As a result of its prime location and significant growth in the immediate area, the property is ideal for a retail, office, or creative office use. The subject property is currently vacant, allowing the maximum in flexibility of potential uses. The property is ideally situated on 7,091 square feet of land, offering the potential to re-develop the property and utilize the current C4 zoning. The property is ideally located in a Tier 1 Transit Oriented Community. There are currently 14 parking spaces in the rear of the property, and the parking can potentially be re-stripped to create additional parking. 6721 Melrose is ideally located in an enterprise zone, allowing for a multitude of potential uses including restaurant and medical. The Melrose Shopping District and it's surrounding neighborhoods are at the cultural and geographical heart of the Los Angeles region, surrounded by must-see hotspots in every direction. The neighborhood is among the top destinations in the world, and this irreplaceable location benefits from high daily traffic counts north of 50,000 cars per day at the corner of Melrose Avenue and N Highland Avenue.