20,000
SF retail space
294
feet of frontage
$102M
list price
$3,856,194
net operating income

Kidder Mathews proudly and exclusively offers an opportunity to attain over 20,000 square feet of retail space at the corner of Melrose Avenue and La Cienega Boulevard.

Rodeo Drive aside, the corner of Melrose and La Cienega is as good as it gets in the Los Angeles market; it’s the epicenter of high-end West Hollywood shopping, dining, and entertainment.

The Property’s vibrant façade stretching along an impressive 294 feet of frontage immediately sets itself apart from its neighbors, and with the popular and lushly-landscaped restaurant EP-LP sitting atop like a shopper’s oasis, this building easily catches the eye of the thousands of tourists and locals passing by each day. The Melrose is a trophy asset that truly stands out.

Top brands like Mac Cosmetics, Alice + Oliva, and Alfred Coffee lease here, attracted to the Property’s high visibility and phenomenal location. Each of the Property’s (18) units is designed to the last square inch to maximize the asset’s profits. As a result, The Melrose draws top-of-the-market rents for the investor, and as West Hollywood’s already glamorous profile continues to rise, so will this asset’s desirability.


The chance to acquire a corner property in a prime location is rare enough. But this property, at this corner, is what makes this opportunity truly special.

WEST HOLLYWOOD

West Hollywood is a premiere tourist and luxury destination surrounded by Beverly Hills, Bel Air and the Hollywood Hills. Most famous for its Sunset Strip, the real action is found along the Melrose Avenue corridor, where The Melrose stands, home to the city’s finest trendy shopping. Surrounding retailers include Vince, Rag and Bone, Helmut Lang, and Restoration Hardware, creating a mini-boom for hotel and residential development within the area, leading to an incredible density and upward-trending demographics.

Highlights

  • Superb West Hollywood location at corner of Melrose and La Cienega
  • Extraordinary frontage along two high-end retail thoroughfares
  • Ample on-site parking
  • Heavy car and foot traffic, premiere tourist and luxury destination
  • Advantageously positioned along the proposed Crenshaw/LAX Metro line
  • 27,618 square feet under lease, upward trending demographics allow top-of-the-market rents
  • Premium tenants include E.P. & L.P., Alice + Olivia and MAC

1st Floor Tenants

  • 8501 MELROSE
    Alice + Olivia // 2,143 SF
  • 8503 MELROSE
    Anna Sheffield // 483 SF
  • 8505 MELROSE
    Cutler & Gross // 1,306 SF
  • 8507 MELROSE
    Mac Cosmetics // 1,502 SF
  • 8509 MELROSE
    Alfred Coffee // 657 SF
  • 8511 MELROSE
    Cycle House Studio // 2,183 SF
  • 603 LA CIENEGA
    EP-LP Restaurant // 4,961 SF
  • 605 LA CIENEGA
    Beaming // 976 SF
  • 607 LA CIENEGA
    Sugar Bear Hair // 609 SF
  • 609 LA CIENEGA
    Sushi Ginza // 1,383 SF
  • 611 LA CIENEGA
    Available // 1,532 SF
  • 613 LA CIENEGA
    Rise Nation // 2,461 SF
  • 615 LA CIENEGA
    Security/Parking Office

Property Details

South Side

1st Floor & P1 Parking

2nd Floor & P2 Parking

P3 Parking

P4 (Roof) Parking

West Side

East Side

Roof Top

Location

West Hollywood has been dubbed “The Creative City,” and for good reason.

Bordering Beverly Hills and Los Angeles, WeHo is located in the heart of Los Angeles. It’s easily accessible from anywhere in the city, and the area has plenty to see and do packed into 1.9 square miles.

In the West Hollywood Design District, fashion and the arts rule. This trend-setting area includes intimate galleries and the massive Pacific Design Center, a decorator’s dream, located on Melrose Avenue. More interior design showrooms line Beverly Boulevard, while the highest of highend boutiques can be found on the ever-stylish Robertson Boulevard. Keep your eyes out for spendy celebrities dipping in and out of shops and head to the fabled Sunset Strip to experience the allure of world-famous music venues, hotels, and nightclubs.

West Hollywood is at the cultural and geographical heart of the Los Angeles region, surrounded by must-see hotspots in every direction.

Irreplaceable location at the corner of La Cienega & Melrose

  • Walking distance to Pacific Design Center and Cedars Sinai
  • Heavy car and foot traffic
  • Ideally located on the proposed Crenshaw/LAX Metro Line
$3.8B
total consumer spending within a 3-mile radius
$1.01M+
medium home value within a 3-mile radius

The Melrose Avenue Shopping District is home to a multitude of boutique retailers and excellent dining options.


FOOD & DRINKS
1 Gracias Madre
2 Guisados
3 Tender Greens
4 Lucques
5 Taste on Melrose
6 Sweet Lady Jane Bakery
7 Joe & the Juice
8 Starbucks
9 Verve Coffee Roasters
10 Urth Caffe Melrose
11 Fig & Olive
12 The Abbey Food & Lounge
13 Nightingale Plaza Nightclub
14 Pavilions
15 Trader Joe's
HOTELS
1 Le Parc Suite Hotel
2 Petit Ermitage
3 Chamberlain West Hollywood
INSTITUTIONS
1 Pacific Design Center
2 VCA TCL Animal Hospital
3 West Hollywood Animal Hospital
4 24-Hour Fitness
5 Bank of America
6 Rosewood Elementary School
7 West Hollywood Elementary School

Due Diligence

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