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7525 Melrose Ave, Los Angeles, CA 90046
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7525 Melrose Ave Los Angeles, CA 90046

$2,800,000 Sold Price as of 10/07/2022
  • -- Beds
  • -- Baths
  • 3,907 Sq.Ft.
Sold
$2,800,000 Sold Price as of 10/07/2022 Refinance Your Mortgage
Map preview of 7525 Melrose Ave, Los Angeles, CA 90046

Property Overview: 7525 Melrose Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 3,907 living square feet and 5,460 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: **COURT CONFIRMATION HEARING WILL BE HELD 9/19/22 @ 8:30AM AT 111 North Hill Street, Dept. 44** **Subject to Overbid. Minimum overbid amount is currently $2,940,500. Any party submitting an overbid must bring a Cashier's Check in the amount 10% of minimum overbid amount and made payable to correct party** Prime Melrose Corner Retail Building with Restaurant/Bar, Clothing Store and Small Residential Bungalow. PROBATE SALE - Subject to court confirmation and overbid. "As-Is" Sale. **FOR DETAILS REGARDING PROBATE AND OFFERING INSTRUCTIONS PLEASE SEE LISTING MEMO ATTACHED IN DOCUMENTS** Prime Melrose Corner Retail Building with Restaurant/Bar, Clothing Store and Small Residential Bungalow accessed by Sierra Bonita Ave. 1920's single-story building comprised of 2,982 Sq Ft split between 2 retail spaces on a 5,460 sq ft lot. Additional 925 Sq Ft residential home in rear of property. Rare opportunity to own a well-located asset with long term ownership. Trustee and/or agent gives no guarantee regarding; seller expenses, tenant leases, current rent roll or tenants current rent payment status. **Most recent tenant rents: Snake pit - $4,669/mo // Fox That - $4,100/mo // Single Family Home - $848.72/mo**

Listed by Greg Harris | BRE #01405806 | Compass
Last checked: 14 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 94

Home details

Lot Sq. Ft
5,460
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Other
Status
Sold
MLS#
22169461
City
Los Angeles
County
Los Angeles
Time on Site
346 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
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: --

Property Details for 7525 Melrose Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
Property Information
  • Total # of Units: 3
  • Parcel Number: 5526012028
Location / Neighborhood
Location Information
  • Directions: Corner of Melrose and Sierra Bonita.
View more facts & features

Local Los Angeles Agent

Sale History for 7525 Melrose Ave

Last sold for $2,800,000 on October 7th, 2022

  • October, 2022

  • Oct 7, 2022

    Date

    Sold

    CRMLS: 22169461

    $2,800,000

    Price

  • Jun 17, 2022

    Date

    Active

    CRMLS: 22169461

    $2,195,000

    Price

Tax History for 7525 Melrose Ave

Assessed Value (2020): $151,966
Year Land Value Improved Value Assessed Value
2020 $100,851 $51,115 $151,966

Home Value Compared to the Market

This property vs the competition

7525 Melrose Ave sold on October 7, 2022 for 84.45% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $561.81 per/sqft which puts the price per square foot 25.59% lower than the current median sale per square foot for the city of Los Angeles.

About 7525 Melrose Ave

Detailed summary of property

7525 Melrose Ave is a other that recently sold in Los Angeles, CA 90046. This property offered -- bedrooms, -- bathrooms, roughly 3,907 living square feet, and sits on an approximately 5,460 square foot lot. 7525 Melrose Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $2,800,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 84.45% higher than the current median priced home. Local homes that are currently for sale include 12222 Exposition Blvd, 2200 Wellesley Ave and 5975 S Broadway. While the average home in Los Angeles, CA is selling in 94 days, 7525 Melrose Ave has a days on market of 94 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 7525 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 7525 Melrose Ave

Public county record property details
Beds
--
Baths
--
Year built
1923
Sq. Ft.
3,907
Lot Size
5,460
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
72
APN
5526-012-028

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
$1,965,000
Median List Price/Sq.Ft.
$938
Median Sold Price
$2,000,000
Median Sold Price/Sq.Ft.
$856
Total Inventory
226
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%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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