Melrose Restaurant + Retail/Office Property — Sale in Los Angeles, CA

  • Price: $3.3M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Los Angeles, CA 90046

Description

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.

Market Context

This retail in Los Angeles, CA is listed for sale at $3,250,000. It has been on the market for 196 days. Compare it against other retail listings for sale in Los Angeles, CA — view the full market.

Estimated Market Rate

$612.99/SF – $829.35/SF

Mid: $721.17/SF

Rate estimator only; cost-of-business estimate unavailable.

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