Marcus & Millichap Arranges $3.2M Sale of Commercial Asset in Los Angeles’ Melrose District


Located at 6721 Melrose Ave. in Los Angeles, the building features 3,046 square feet of retail or creative office space.

LOS ANGELES — Marcus & Millichap has arranged the sale of a retail and creative office building located at 6721 Melrose Ave. in Los Angeles’ Melrose district. A limited liability company sold the property to another limited liability company for $3.2 million, or $1,067 per square foot.

Situated on 7,091 square feet of land, the 3,046-square-foot building was delivered vacant. The property offers the redevelopment potential and utilize the current C4 zoning. The asset features 14 parking spaces.

Brandon Michaels of Marcus & Millichap’s Encino, Calif., office represented the seller and the buyer in the deal.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.

Related News