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7455 Melrose Ave
Los Angeles, CA 90046 Melrose

$14,144 USD/MO

Restaurant For Lease  •  3,143 SF

Property Details

  • Property Type Restaurant
  • Year Built 1939
  • Total Building Size 3,600 SF
  • Tenancy Multiple
  • Building Class C
  • Zoning LAC4
60 Transit Score
80 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 3,143 SF $54.00 USD/SF/YR 
Second generation restaurant, delivered fully built and fully equipped. 

The kitchen is in place and operational: long line hood, six burner range, fryers, walk in freezer, dedicated final preparation area, and dry storage. Front of house includes a built bar, a beer keg storage room, an employee locker room, and a separate office. The main dining room runs 22' by 37' with full width operable french doors along the Melrose frontage. The awning covered sidewalk cafe fronts Melrose directly with plumbed gas heaters already run. The rear patio is 19'3" by 23'7", covered and air conditioned, and works year round.

Approximately 3,143 SF total including the covered patio and office. New direct lease with ownership at $4.50 per SF plus NNN of $0.69, 10 year term with a 5 year option. All FF&E is included and there is no key money, no goodwill, and no asset purchase.

Who this fits. An operator with a defined culinary point of view who wants to open in months rather than years and would rather put capital into concept, staff, and marketing than into build-out cost.

The RBP framework governs a sit down restaurant with continuous food service, table service, a 7am to 11pm operating window indoor and outdoor, and no entertainment component. It is built for a dinner led restaurant with a strong beverage program.

  • Date available: Now
  • Lease term: 10 Years
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet

Description 

455 Melrose Avenue sits on the retail run between La Brea and Fairfax, the block that has defined Los Angeles street culture for four decades. What began as a punk and vintage corridor in the late seventies became the city's fashion spine and today anchors the global streetwear market, drawing a national audience across a mile and a half of frontage. The building is one block from Dr. Martens and Brooklyn Projects, and within a mile of The Grove and the Original Farmers Market.

The trade area supports roughly 3,500 restaurant visits per day inside a half mile, across 104 restaurants and 27 bars. Dinner is the dominant daypart and weekday volume runs about 2.5 times weekend volume, which tells you this block is fed by locals rather than tourists. Median trip distance is 2.3 miles. Within one mile there are 45,718 residents, 29,548 daytime workers, average household income of $128,551, and $223.1M in annual restaurant and bar spend.

Where the corridor is thin is the price point. Of the restaurants inside a half mile, fifty two operate under a $20 average check and twenty eight sit between $20 and $40. Only three reach $40 to $75 and nothing sits above it. The block is saturated in pizza, coffee, American, and cafe, and underserved in full service dining at a check in the high forties. A dinner led concept with beverage attached is the format this stretch is missing and the format the RBP framework is purpose built to support.

Highlights

Fully equipped second generation restaurant. Long line hood, walk in cooler and freezer, keg storage, bar, and all FF&E convey at no cost.
RBP parcel. Alcohol authorization runs administratively through City Planning with no CUB hearing.
Three distinct rooms. Main dining room, awning covered sidewalk cafe fronting Melrose with plumbed gas heaters, and an air conditioned rear patio.
Full width operable french doors fold the dining room open to the sidewalk, giving a true indoor outdoor floor plan on Melrose Ave.
New direct lease with ownership.

Property Flyers

Amenities

  • Courtyard
  • Fenced Lot
  • Restaurant
  • Signage
  • Skylights
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning

Major Tenants

Tenant SF Occupied Lease End Date
Eak Ramen

Public Transportation

Commuter RailDriveWalkDistance
Glendale Amtrak (Pacific Surfliner - Amtrak) 14 min - 8.0 mi
Glendale Metrolink Station (Metrolink Antelope Valley Line - Metrolink Trains, Metrolink Ventura County Line - Metrolink Trains) 15 min - 8.0 mi
AirportDriveWalkDistance
Bob Hope 20 min - 10.5 mi
Los Angeles International 23 min - 11.7 mi
Long Beach (Daugherty Field) 41 min - 28.5 mi
Michael Santoro 646-696-8332 CityStreet Commercial
Michael Santoro 646-696-8332 CityStreet Commercial