Melrose Avenue

Highlights:

• Prime Melrose Avenue Retail Investment Opportunity
• Significant Retail & Office Lease-Up Potential
• Potential Redevelopment & Adaptive Reuse Opportunity

Description:

The property located at 7815–7817 Melrose Avenue presents an opportunity to acquire a multi-tenant commercial asset along one of Los Angeles’ most recognizable retail and lifestyle corridors. Situated in the highly desirable Melrose Avenue district, the property benefits from its proximity to West Hollywood, Beverly Grove, and the surrounding affluent residential communities. The property comprises approximately 7,252 square feet of building area on a ±4,792-square-foot parcel (0.11 acres), zoned LAC4. The improvements accommodate five commercial units, of which three are currently leased, representing 60% occupancy by unit count. The remaining two units provide an opportunity for an investor or owner-user to implement a leasing strategy, increase rental income, and enhance the property’s overall value. The existing tenants operate under gross lease structures, offering investors the potential to evaluate current rental rates, operating expenses, and future lease rollover opportunities. Through the lease-up of vacant space, potential rental adjustments, and strategic property improvements, a purchaser may be positioned to increase net operating income and achieve long-term appreciation. Melrose Avenue is internationally recognized for its concentration of fashion boutiques, creative businesses, specialty retailers, restaurants, and lifestyle-oriented establishments. The property’s location provides access to a substantial consumer base supported by surrounding residential density, established commercial activity, and the broader Los Angeles metropolitan economy. 7815–7817 Melrose Avenue offers investors an opportunity to acquire a well-located Los Angeles commercial property with existing income, leasing upside, and long-term value-add potential in a supply-constrained urban retail corridor.

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