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7172 Melrose Ave, Los Angeles, CA 90046
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7172 Melrose Ave Los Angeles, CA 90046

$3,600,000
  • -- Beds
  • -- Baths
  • 3,380 Sq.Ft.
For Sale
$3,600,000 Get Pre-Qualified
Map preview of 7172 Melrose Ave, Los Angeles, CA 90046

Property Overview: 7172 Melrose Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 3,380 living square feet and 4,400 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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'

Listed by Alvin Cheung | BRE #01930202 | EXP REALTY OF CALIFORNIA INC
Last checked: 12 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 563
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Home details

Lot Sq. Ft
4,400
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Retail
Status
Active
MLS#
CV22191126
City
Los Angeles
County
Los Angeles
Time on Site
607 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 7172 Melrose Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 5525015004
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: On Melrose Ave, West of La Brea Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 7172 Melrose Ave

Last sold for $1,010,010 on September 23rd, 2011

  • August, 2022

  • Aug 30, 2022

    Date

    Active

    CRMLS: CV22191126

    $3,600,000

    Price

  • September, 2011

  • Sep 23, 2011

    Date

    Sold (Public Records)

    Public Records

    $1,010,010

    Price

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Tax History for 7172 Melrose Ave

Assessed Value (2020): $1,159,982
Year Land Value Improved Value Assessed Value
2020 $930,284 $229,698 $1,159,982

Home Value Compared to the Market

This property vs the competition

7172 Melrose Ave is listed 191.26% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $1065.09 per/sqft which puts the price per square foot 37.79% higher than the median price per square foot for the city of Los Angeles.

About 7172 Melrose Ave

Detailed summary of property

7172 Melrose Ave is a retail located in Los Angeles, CA 90046 and is currently for sale. This retail property offers -- bedrooms, -- bathrooms, roughly 3,380 living square feet, and sits on an approximately 4,400 square foot lot. 7172 Melrose Ave was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner is currently asking $3,600,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 191.26% higher than the median priced home. Local competing homes currently for sale include 14808 Pipeline Ave, 10175 Indiana Ave and 9741 Magnolia Ave. While the average home in Los Angeles, CA is selling in 96 days, 7172 Melrose Ave has a days on market of 563 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 7172 Melrose Ave Los Angeles, CA 90046 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7172 Melrose Ave

Public county record property details
Beds
--
Baths
--
Year built
1947
Sq. Ft.
3,380
Lot Size
4,400
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
37
APN
5525-015-004

The source for these homes facts are from public records.

90046 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,995,000
Median List Price/Sq.Ft.
$943
Median Sold Price
$2,000,000
Median Sold Price/Sq.Ft.
$856
Total Inventory
209
Median Sale to List Price %
117.72%
Avg Days on Market
34
Loan Type
Conventional (2.7%), FHA (0%), VA (0%), Cash (13.51%), Other (2.7%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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