Investment highlight
- Rare, generational opportunity to purchase a meaningful commercial property in a high-barrier-to-entry market.
- Well-maintained property with limited deferred maintenance or need for capital expenditure.
- 6.82% pro forma cap rate.
- Highly visible property on trendy Melrose Avenue; prominent corner at Melrose and Edinburgh.
- No ULA transfer tax.
executive summary
Consisting of four buildings on three parcels, this generational, trophy real estate is situated on Melrose Avenue between Fairfax Avenue and Crescent Heights Blvd. and presents an incredible acquisition opportunity on one of Los Angeles’ most coveted retail corridors.
The portfolio is offered at $9,550,000. Properties may be purchased separately, however, the portfolio is offered at a discount to individual asking prices.
property facts
unit amenities
- Bus Line
- Corner Lot
- Mezzanine
