4665 Melrose Ave.,, Los Angeles, CA
Retail for Sale - $1,649,000 - 5,060 Sq. Ft. on 8712 acres
Property Info
| CIMLS# | 464216 |
| Location 4665 Melrose Ave., Los Angeles CA 90029 | |
| Updated | June 21st, 2012 |
| Type | Retail |
| Price | $1,649,000 |
| Building | 5,060 Sq. Ft. |
| Land | 8712 acres |
Property Description
This single tenant property is occupied by a well established and solid national tenant called ?AAMCO?, which is one the largest and most well known auto transmission companies. The property is located next to a busy shopping center and has excellent signage and visibility.
Location Description:
Subject property is located in the heart of Los Angeles on the busy and major Melrose Ave. Melrose Avenue is the host to virtually all types of national retailers and franchisees and its real estate has appreciated considerably during the past several years. Subject property is located in a very high traffic and excellent demographic area, and is within walking distance to the 101 Hollywood Freeway, which has a traffic count of over 220,000 cars per day.
Highlights:
>> Well Established National Tenant
>> Over 7.5% Cap Rate
>> Excellent Demographics and Traffic Counts
>> One Block Away from the 101 Freeway
