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$ 1,740,000
Est. payment /mo
New
4703 Melrose Los Angeles, CA 90029
4,499 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26149553
HOA Y/N No
Year Built 1923
Lot Size 4,499 Sqft
Property Sub-Type Retail
Property Description
4703 Melrose Avenue consists of approximately 4,018 square feet of retail/storefront space and benefits from strong street visibility, steady pedestrian activity, and excellent frontage on a signalized corridor. The property is 100% occupied with well-seasoned tenants, some of whom have been at this location for a decade or more. The current cap rate is 5.8%, with four out of the five tenants on month-to-month leases, providing flexibility to an investor. Its corner positioning and flexible unit sizes create significant leasing upside for both investors and owner-users. The property is well suited for neighborhood-serving retail, food and beverage, service-oriented businesses, or boutique commercial tenants seeking exposure in a dense infill market. Small format retail spaces in this submarket continue to command strong tenant demand due to limited supply and high consumer density. With convenient access, established surrounding businesses, and long-term redevelopment potential, the property offers both stable income and future value-add opportunities.
This multi-tenant retail property is located along the highly trafficked Melrose Avenue corridor in East Hollywood, one of Los Angeles' most active urban retail submarkets. Melrose Hill is a dense residential and commercial neighborhood just east of Hollywood and west of Silver Lake. The area
is known for its diverse population, strong local retail demand, and high daily traffic generated by surrounding residential communities, employment centers, and nearby entertainment districts. The area continues to benefit from ongoing revitalization and growing demand from both local
and regional consumers. Positioned along the iconic Melrose Avenue corridor, the property enjoys direct access to major Los Angeles thoroughfares including Western Avenue, Santa Monica Boulevard, and the US-101 Freeway. The location provides efficient connectivity to Hollywood, Koreatown, Downtown Los Angeles, and Silver Lake, making it a strategic site for retail, service, and mixed-use commercial activity. The surrounding neighborhood's strong walkability, transit accessibility, and population density support consistent consumer traffic and long-term commercial viability.
This multi-tenant retail property is located along the highly trafficked Melrose Avenue corridor in East Hollywood, one of Los Angeles' most active urban retail submarkets. Melrose Hill is a dense residential and commercial neighborhood just east of Hollywood and west of Silver Lake. The area
is known for its diverse population, strong local retail demand, and high daily traffic generated by surrounding residential communities, employment centers, and nearby entertainment districts. The area continues to benefit from ongoing revitalization and growing demand from both local
and regional consumers. Positioned along the iconic Melrose Avenue corridor, the property enjoys direct access to major Los Angeles thoroughfares including Western Avenue, Santa Monica Boulevard, and the US-101 Freeway. The location provides efficient connectivity to Hollywood, Koreatown, Downtown Los Angeles, and Silver Lake, making it a strategic site for retail, service, and mixed-use commercial activity. The surrounding neighborhood's strong walkability, transit accessibility, and population density support consistent consumer traffic and long-term commercial viability.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning C2
Interior
Heating Forced Air
Fireplace No
Laundry None
Exterior
Utilities Available Water Not Available
Building
Lot Description Corner Lot
Story 1
Water None
Others
Tax ID 5535035012
Special Listing Condition Standard
Listed by Christopher Comfort Apex Properties 818-917-6558, DRE #01407997
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