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Melrose Restaurant + Retail/Office Property 7661-7663 Melrose Ave 7,316 SF 100% Leased Retail Building Los Angeles, CA 90046 $3,250,000 ($444.23/SF)
INVESTMENT HIGHLIGHTS
- Nearby Fairfax High School and other traffic drivers
- Secured Rear Parking
- Immediate Cash Flow
- Excellent frontage
- Perfect for Investor or Owner-User
- Strong Lease in Place
EXECUTIVE SUMMARY
We are pleased to present a prime investment or owner-user opportunity located at 7661-7663 Melrose Avenue. Situated just steps from the iconic intersection of Melrose and Fairfax, this ±7,316 SF retail/office property sits in the pulse of one of Los Angeles' most vibrant shopping districts.
The property offers a rare "best of both worlds" scenario: immediate stability from a high-end ground-floor tenant and significant value-add potential on the second floor.
Investment Highlights:
Prime Location: High-foot-traffic area near Fairfax High School, Blu Jam Cafe, and Urban Outfitters.
Anchor Tenant: Ground floor features THEIA Mediterranean Restaurant & Bar, a newly renovated, long-term tenant providing immediate cash flow.
Value-Add Potential: The vacant 2nd floor is ideal for an owner-user or a secondary lease to maximize ROI.
Convenience: Secured on-site parking at the rear, a rare amenity in this corridor.
The property offers a rare "best of both worlds" scenario: immediate stability from a high-end ground-floor tenant and significant value-add potential on the second floor.
Investment Highlights:
Prime Location: High-foot-traffic area near Fairfax High School, Blu Jam Cafe, and Urban Outfitters.
Anchor Tenant: Ground floor features THEIA Mediterranean Restaurant & Bar, a newly renovated, long-term tenant providing immediate cash flow.
Value-Add Potential: The vacant 2nd floor is ideal for an owner-user or a secondary lease to maximize ROI.
Convenience: Secured on-site parking at the rear, a rare amenity in this corridor.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,316 SF
Building Class
C
Year Built
1930
Price
$3,250,000
Price Per SF
$444.23
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
1.40
Lot Size
0.12 AC
Zoning
C4
Parking
5 Spaces (0.68 Spaces per 1,000 SF Leased)
Frontage
56’ on Melrose
Walk Score®
Walker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5527-007-003 | Improvements Assessment | $705,398 |
| Land Assessment | $959,438 | Total Assessment | $1,664,836 |
PROPERTY TAXES
Parcel Number
5527-007-003
Land Assessment
$959,438
Improvements Assessment
$705,398
Total Assessment
$1,664,836
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Melrose Restaurant + Retail/Office Property | 7661-7663 Melrose Ave
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