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7614 Melrose Ave
Los Angeles, CA 90046
Retail Property For Sale
Property Facts
About 7614 MELROSE AVE , LOS ANGELES, CA 90046
The subject property is a 3 Tenant retail building on Melrose Ave with above average parking for the street (+/- 8 spaces tandem). Each unit is approx 800 sq ft making the spaces highly desirable and easily rentable for the street at a premium compared to larger neighboring spaces. All three tenants are seasoned. Current CAP rate is approx 4.23% with upside. Property is located on Melrose between Stanley and Curson and two doors downs from a high producing Starbucks location which has been on the street for multiple decades. All Tenants are month to month so an owner/user can occupy some or all of the units.
Property Taxes
| Parcel Number | 5526-015-025 | Improvements Assessment | $476,827 |
| Land Assessment | $1,859,196 | Total Assessment | $2,336,023 |
Property Taxes
