658-662 N Heliotrope Dr 4318-4330 Melrose Ave

Investment Highlights

Corner Lot Heavy daytime traffic Close to Los Angeles City College Signaled four way intersection Close to the Metro

Executive Summary

WESTMAC Commercial Brokerage Company is pleased to offer the opportunity to acquire 4318 Melrose Avenue and 658 Heliotrope Drive, two parcels totaling 13,540 SF of building on 27,526 SF of land. The subject property is a multi-tenant building with a dedicated parking lot, as well as an additional parking lot across an alley. The parcels are zoned LAR3 and LAC2. This is an excellent investment opportunity for someone looking to own property in a vibrant Los Angeles neighborhood. The subject property is located on the corner of Melrose Avenue and Heliotrope Drive, just two blocks from the 101 freeway. The building is comprised of seven units, all leased except for one vacancy. The tenants are on short-term gross leases. The parking lot behind The Museum of Love contains nine spaces and the lot across the alley contains 29 spaces, for a total of 38 spaces.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Storefront Storefront General Retail Restaurant Storefront
• Building Size    13,540
• Building Class    C
• Year Built    1908
• Price    10,500,000
• Price Per SF    775
• Percent Leased    1
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.76
• Land Acres    0.41 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Signalized Intersection