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7320-7326 Melrose Ave 8,100 SF 100% Leased Retail Building Los Angeles, CA 90046 $5,656,000 ($698.27/SF) 6.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Busy Melrose Corner
- Vibrant Street Traffic
EXECUTIVE SUMMARY
PRICE REDUCTION! Prime investment opportunity at the high-visibility corner of Melrose and Fuller (7320-7326 Melrose Ave & 644-648 N Fuller Ave), featuring ±8,100 SF of retail across eight units on an 11,000 SF lot. Located in the heart of the Melrose retail district, the property benefits from strong foot traffic, prominent exposure, and proximity to top fashion, dining, and entertainment destinations. One ±648 SF unit will be delivered vacant, offering upside for owner-users or value-add investors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,100 SF
Building Class
C
Year Built
1939
Price
$5,656,000
Price Per SF
$698.27
Cap Rate
6.60%
NOI
$373,326
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.74
Lot Size
0.25 AC
Zoning
C-4
Parking
12 Spaces (1.48 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5526-021-026 | Improvements Assessment | $36,988 |
| Land Assessment | $220,872 | Total Assessment | $257,860 |
PROPERTY TAXES
Parcel Number
5526-021-026
Land Assessment
$220,872
Improvements Assessment
$36,988
Total Assessment
$257,860
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7320-7326 Melrose Ave
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