OFFERING MEMORANDUM Iconic Melrose District High Street Trophy Retail 8435 Melrose Ave, Los Angeles, CA 90069
Iconic Melrose District High Street Trophy Retail Executive Summary 02 OFFERING SUMMARY ADDRESS COUNTY MARKET SUBMARKET APPROX. BUILDING APPROX. LAND 8435 Melrose Ave Los Angeles CA 90069 Los Angeles Los Angeles West Hollywood 2,370 SF 7,077 SF YEAR BUILT 1946 YEAR RE-BUILT (ESTI.) 1986 APN 5528-017-038 & 5528-017-039 OWNERSHIP TYPE Fee Simple FINANCIAL SUMMARY OFFERING PRICE UNDISCLOSED DEMOGRAPHICS 1 MILE 3 MILE 5 MILE 2017 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 Francaise Antiques, Inc. a high-end retailer of unique antiques, works of art, and stone architectural pieces from around the globe at this location for almost 40 years. His pride in ownership gleams through the opulent architectural details of this elegant property, and is appropriately complemented by the posh quality of his merchandise, services, and world-renowned, neighboring tenants. Supreme Dual Frontage The asymmetric, triangular shape of the lot creates an unparalleled potential to leverage both the front and rear of the property for retail frontage simultaneously. While the luxurious front end facing Melrose Ave spans a generous 160 linear feet, the rear spread measures a lavish 179 linear feet, and faces Melrose Alley, which is actively being transformed into an intimate, retail walkway. This is a rare opportunity for an owner-user or investor to double the showcase value of the property. http://www.youtube.com/watch?v=fyw52j2qaws 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.
Iconic Melrose District High Street Trophy Retail Location Summary 03 Google Aerial Swank Main-Street Location The Los Angeles Metropolitan area in its vastness may boast a profusion of chic and fashionable areas, but none quite at the level as the Melrose District. Situated on the leg of the exclusive Golden Triangle of Melrose Place, this property is located on Melrose Ave., nestled closely between the famous Melrose Place and La Cienega Blvd. The high walkability of the area combined with its unique mix of haute couture tenants, adventurous underground retailers, and trendy restaurateurs makes it a top hangout destination for swank hipsters and celebrities alike. Noteworthy tenants include Marc Jacobs, Theory, Bottega Veneta, Chloe, Kelly Wearstler, A.P.C., Violet Grey, 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 seldom made available on the market. Due to the high demand, dense infill, and small lot sizes in the Melrose District, large-scale re-development opportunities are extremely hard to come by. This is a one-of-a-kind opportunity for the savvy investor who has the vision to re-position the property to its highest potential, or to acquire a trophy asset in an extraordinarily high-barrier-to-entry location. Notable Nearby Areas and Attractions Sunset Strip Beverly Hills Pacific Design Center Beverly Center The Grove Location Map
Iconic Melrose District High Street Trophy Retail Property Images 04 Bird's Eye View
Iconic Melrose District High Street Trophy Retail Property Images 05 Rear Entrance Melrose Alley
Iconic Melrose District High Street Trophy Retail Property Images 06 Outdoor Patio
Iconic Melrose District High Street Trophy Retail Young Lee Calla Commercial Real Estate Broker, President 2137004336 2137004336 Lic: 01934649 Lic: 01967095 ylee@callacommercial.com www.callacommercial.com powered by CREOP