4318 Melrose Ave & 658 Heliotrope Drive

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.