For Sale | Owner-User or Investment Opportunity

Highlights:

• FLEXIBLE PROPERTY: The subject property is comprised of three units, offering flexibility for a buyer. An owner-user can occupy up to 2/3 of the building or it can be kept as 100% rented property.
• EXCELLENT LOCATION: The location of the subject property is ideal and convenient, centrally located between West Hollywood, Hollywood, Fairfax and close to Beverly Hills.
• PARKING: Parking in Los Angeles is a highly sought-after commodity.
• PROMINENT THOROUGHFARE: Melrose Avenue is a main artery that runs through Los Angeles, from West Hollywood to Silverlake, bustling with shops, cafes and restaurants.

Description:

WESTMAC Commercial Brokerage Company is pleased to present the opportunity to purchase 7625‑7629 Melrose Avenue, a 3-unit corner freestanding commercial retail building in Los Angeles, immediately adjacent to West Hollywood. 7625‑7629 Melrose Avenue is comprised of approximately 3,474 square feet of building (per tax record), on approximately 5,374 square feet of land. The property was built in 1940 and is zoned (Q) C2‑1XL‑CP10.

The building is located on the north side of Melrose Avenue on the signalized pedestrian crosswalk corner of North Stanley Avenue, just a few blocks east of Fairfax Avenue. 7625‑7629 Melrose Avenue’s spectacular location puts it near the center of highly affluent Los Angeles neighborhoods, including Hancock Park, Hollywood, West Hollywood and Beverly Hills. The location draws traffic from the dense residential population surrounding the immediate area, while Hollywood’s tourist industry brings visitors from all over the world.

The building is 33% currently vacant and available for immediate occupancy. One [1] tenant is on a month‑to‑month lease allowing for an owner‑user to occupy 2/3 of the building. The property is equipped with parking - six [6] (nine [9] tandem) spaces behind the building.

Documents: