Contacts
WESTMAC Commercial Brokerage
WESTMAC Commercial Brokerage
WESTMAC Commercial Brokerage
Property Details
- Property Type Retail
- Property Size 13,540 SF
- Lot Size 0.41 Acre
- Additional Rent Contact for pricing
- Parking Spaces Avail. 38
- Parking Ratio 2.81 / 1,000 SF
- Year Built 1908
- Date Updated Dec 13, 2024
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 or modified 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.
The subject property is centrally located within Los Angeles, and given its proximity to the 101 freeway,
easily accessible from throughout the city. Additionally, it is sandwiched between two Metro Red Line
stations, connecting it to Downtown LA and North Hollywood. Los Angeles landmarks such as Dodger
Stadium, Hollywood Bowl, and Griffith Park are all within 10 minutes of the subject property.
4318 Melrose and 658 Heliotrope has incredible potential for an investor who is looking to own corner retail
in a growing Los Angeles neighborhood.
Reach out to the broker for more info on lease terms and amenities
Getting around
-
84/100
Walk Score ®
-
61/100
Transit Score ®
-
78/100
Bike Score ®
Location
- City Los Angeles, CA
- Neighborhood East Hollywood
- Zip Code 90029
- Market Los Angeles
Points of Interest
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Vermont/Santa Monica South Entrance
0.43 miles
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Vermont/Beverly Station
0.49 miles
-
Vermont/Santa Monica North Entrance
0.52 miles
-
Vermont/Santa Monica
0.53 miles
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Vermont/Sunset
1.05 miles
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Vermont/Sunset Entrance
1.06 miles
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Hollywood/Western Station
1.48 miles
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Hollywood/Western
1.50 miles
-
Wilshire/Normandie Station
1.55 miles
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Wilshire/Normandie
1.56 miles
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Arco
0.54 miles
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Sinclair
0.59 miles
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Shell
0.85 miles
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Mobil
0.95 miles
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76
0.99 miles
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Chevron
1.09 miles
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Electric Vehicle Charging Station
4.33 miles
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Tesla Supercharger
5.28 miles
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Parking electrique
5.41 miles
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FLO
5.88 miles
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FM Parking Lot
0.11 miles
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LACC Lot 3 & 4
0.13 miles
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MO Parking Lot
0.13 miles
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Braille Institute Parking Lot
0.20 miles
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LACC Parking Lot 1
0.26 miles
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LACC Parking Lot 2
0.30 miles
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HC Parking
0.35 miles
-
Los Angeles Bureau of Street Lighting
0.61 miles
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CHA Hollywood Presbyterian Medical Center Parking Lot
0.99 miles
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4900 Sunset Parking
0.99 miles
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Gracie's Pizza
0.01 miles
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Rincon Chilieno
0.04 miles
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The Faculty
0.04 miles
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Que Ricos
0.20 miles
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Papa John's
0.21 miles
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McDonald's
0.21 miles
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Beef Bowl #129
0.21 miles
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Golfo De Fonseca Restaurant
0.27 miles
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Big Mamas & Papas Pizzeria Vermont
0.27 miles
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Jack in the Box
0.29 miles
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American Ranch and Seafood Market
0.46 miles
-
Chapines Express
0.52 miles
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Virgil Farm MArket
0.55 miles
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Tambuli Seafood Market #1
0.59 miles
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Beverly Plaza
0.61 miles
-
Jon's Marketplace
0.80 miles
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Seafood City
0.83 miles
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Smart & Final
0.90 miles
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Target
0.95 miles
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Erewhon
0.95 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
