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7172 Melrose Avenue $3,600,000

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    7172 Melrose Avenue Los Angeles, CA 90046

    • 3,380 sq. ft.
    • 0.10 Acres
    • Commercial Sale
    • MLS# CV22191126
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    Views: 10 Days On Market: 90

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    Property Details

    Amazing opportunity to own a Highly-Coveted Retail Store on Melrose Ave. Renovated store space in the busiest part of the town. It is centrally located in retail heaven on Melrose Ave. The store is currently used as a retail Clothing Boutique in the front with a Nutritional Supplement business in the back offices and warehouse. The current owner completely renovated the entire building at the time of purchase. It has been updated with front and back security gates. The property also features 4 Gated parking spaces in the back. It is directly next to multiple restaurants and service-oriented businesses, such as, Stone Street cafe, Bathtub Gin, Lobos Boxing, Better-Than-Sex Desserts, Fratelli Cafe, MilkBar LA, as well as retail stores like Cool Kicks, BAIT, and various vintage clothing stores. There is also a possibility to expand to a second level as shown in neighboring buildings. Lot Size is 40' x 110'

    • General Features
      • Buyer Compensation 2.000 %
      • County Or Parish Los Angeles
      • YearBuilt 1947
    • Building Features
      • Cooling Central Air
      • Heating Central
      • Laundry Features None
    • Property Features
      • Lot Features 0-1 Unit/Acre
      • Lot Size Acres 0.1
      • Lot Size Dimensions 40'' x 110'
      • Parking Total 4.00

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    Neighborhood

    90046 (Los Angeles) Demographics

    38 Median Age
    8,613 Population Density (per sq. mile)
    69% College Educated
    $72,457 Estimated Median Income
    6,400 Estimated Total Home Owners
    22,144 Estimated Total Renters
    22% / 78% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    49,828 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,675,000 Median Sales Price
    29 Homes Sold
    51 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,600,000
        8/30/2022 5:18:00 PM New in Database Source: Multiple Listing Service New Value: $3,600,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/28/2022 9:35:15 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.