Property Detail

Description

*** FEDERAL BANKRUPTCY COURT SALE – NO BANK INVOLVED (APPROXIMATELY 60-DAYS TO CLOSE ESCROW)***Situated just one parcel south of the corner of Melrose Avenue and N Croft Avenue — one of Los Angeles’s most coveted boutique retail corridors — with direct street frontage on N Croft Ave and strong pedestrian and driveby visibility from Melrose. The Melrose Avenue corridor between La Cienega and Fairfax is widely recognized as one of Southern California's premier lifestyle retail destinations, anchored by a dense concentration of luxury fashion, independent design, and curated boutique concepts. Immediate co-tenancy includes national and regional brands across fashion, home furnishings, and hospitality — a trade area that consistently attracts affluent shoppers and destination foot traffic. West Hollywood's retail vacancy rate remains among the tightest in Greater Los Angeles; infill opportunities of this nature — freestanding, single-tenant assets rarely come to market. Proximate to the Pacific Design Center, the Sunset Strip, and the Beverly Hills city line — placing this asset at the nexus of three of LA's most economically productive submarkets. The immediate trade area features high household incomes within one mile; exceptionally high daytime population driven by the entertainment, creative, and design industries.