Iconic Melrose District High Street Trophy Retail | 8435 Melrose Ave, Los Angeles, CA 90069
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Iconic Melrose District High Street Trophy Retail Executive Summary | 02
OFFERING SUMMARYADDRESS 8435 Melrose Ave Los Angeles CA
90069
COUNTY Los Angeles
MARKET Los Angeles
SUBMARKET West Hollywood
APPROX. BUILDING 2,370 SF
APPROX. LAND 7,077 SF
YEAR BUILT 1946
YEAR RE-BUILT (ESTI.) 1986
APN 5528-017-038 & 5528-017-039
OWNERSHIP TYPE Fee Simple
FINANCIAL SUMMARYOFFERING PRICE UNDISCLOSED
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2017 Population 45,839 275,705 848,140
2017 Median HH Income $77,232 $70,186 $56,205
2017 Average HH Income $113,087 $113,934 $97,129
Unique Owner-User or Re-Position Opportunity
Zoning: WDC1A & LAC4
Parking: Multiple
Frontage (Melrose Ave): Approx. 160 Linear Feet
Rear (Melrose Alley): Approx. 179 Linear Feet
Traffic Counts: Approx. 40K CPD
A History of Prestigious Ownership
The property owner has been operating, “La Maison FrancaiseAntiques, Inc.” a high-end retailer of unique antiques, works of art,and stone architectural pieces from around the globe at thislocation for almost 40 years. His pride in ownership gleamsthrough the opulent architectural details of this elegant property,and is appropriately complemented by the posh quality of hismerchandise, services, and world-renowned, neighboring tenants.
Supreme Dual Frontage
The asymmetric, triangular shape of the lot creates anunparalleled potential to leverage both the front and rear of theproperty for retail frontage simultaneously. While the luxuriousfront end facing Melrose Ave spans a generous 160 linear feet, therear spread measures a lavish 179 linear feet, and faces MelroseAlley, which is actively being transformed into an intimate, retailwalkway. This is a rare opportunity for an owner-user or investorto double the showcase value of the property.
This information has been secured from sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
http://www.youtube.com/watch?v=FyW52J2Qaws
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Swank Main-Street Location
The Los Angeles Metropolitan area in its vastness mayboast a profusion of chic and fashionable areas, butnone quite at the level as the Melrose District.Situated on the leg of the exclusive Golden Triangle ofMelrose Place, this property is located on MelroseAve., nestled closely between the famous “MelrosePlace” and La Cienega Blvd. The high walkability of thearea combined with its unique mix of haute couturetenants, adventurous underground retailers, andtrendy restaurateurs makes it a top hangoutdestination for swank hipsters and celebrities alike.Noteworthy tenants include Marc Jacobs, Theory,Bottega Veneta, Chloe, Kelly Wearstler, A.P.C., VioletGrey, The Row, Dash, Ago, Alfred Coffee, Marni, Fig &Olive, to name a few.
Extraordinarily High Barrier to Entry
Properties of this caliber, in this district are seldommade available on the market. Due to the highdemand, dense infill, and small lot sizes in theMelrose District, large-scale re-developmentopportunities are extremely hard to come by. This is aone-of-a-kind opportunity for the savvy investor whohas the vision to re-position the property to itshighest potential, or to acquire a trophy asset in anextraordinarily high-barrier-to-entry location.
Notable Nearby Areas and Attractions
Sunset StripBeverly HillsPacific Design CenterBeverly CenterThe Grove
Google Aerial
Location Map
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Bird's Eye View
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Rear Entrance Melrose Alley
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Outdoor Patio
Iconic Melrose District High StreetTrophy Retail
Young Lee Calla Commercial Real EstateBroker, President2137004336 2137004336Lic: 01934649 Lic: [email protected] www.callacommercial.com
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