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Real Estate Listing at 4318 Melrose Avenue, Los Angeles, CA, 90029 from The Knight Group LA

4318 Melrose Avenue, Los Angeles, CA, 90029

The Knight Group LA
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$8,900,000
14 Days On Site

4318 Melrose Avenue
Los Angeles, CA 90029

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths
13,540
SqFt
$657
/SqFt
1908
Built
County:
Los Angeles
Call Now: 503.200.4823
Is this the home for you? We can help make it yours.
503.200.4823
4318 Melrose Avenue4318 Melrose Avenue4318 Melrose Avenue4318 Melrose Avenue
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Monthly Payment (Est.)

$40,605
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

We are proud to present an exceptional investment and land banking opportunity at 4318 Melrose Avenue and 658 Heliotrope Drive, offered at $8,900,000-$7,400,000 for the Melrose store-front retail center and $1,500,000 for the Heliotrope parcel. Situated on a combined 27,526 SF lot with LAC2 and LAR3 zoning, the property allows for a future development of up to 132 residential units (77 on Melrose and 55 on Heliotrope). The existing improvements include a 13,540 SF multi-tenant retail and office building with seven units, two currently vacant, offering strong income potential and immediately expiring leases that allow for favorable renegotiation. The Heliotrope parcel serves as dedicated tenant parking with 38 total spaces. Strategically positioned at a high-visibility corner, the property is just two blocks from the 101 Freeway and between two Metro Red Line stations, ensuring excellent accessibility. Surrounded by the vibrant Virgil Village dining scene, Erewhon Silver Lake, and cultural hotspots, this offering presents an unparalleled opportunity for investors seeking strong cash flow, value-add potential, and long-term redevelopment in one of Los Angeles' most dynamic neighborhoods.

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Listing Snapshot
Price 
$8,900,000
Days On Site 
14 Days
Bedrooms 
N/A
Inside Area (SqFt) 
13,540 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.6319 Acres
Year Built 
1908
MLS® Number 
25514283
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
0.6319
Number Of Stories 
1
Parking Spaces 
38
Special Circumstances 
Standard
SqFt Total 
13540
Zoning 
LAC2
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Community Features
MLS Area 
C21 - Silver Lake - Echo Park
Listing courtesy of Oron Maher of Maher Commercial Realty
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Based on information from the The MLS as of 2025-04-03 11:57 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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