Melrose Arts District LLC Acquires Retail Property On Melrose Ave. In Los Angeles For $4.2M

The retail property located at 6900 Melrose Ave in Los Angeles, California has been sold for a price of $4,162,000.00. The property spans 6,160 square feet, resulting in a price per square foot of $675. The transaction took place on February 1, 2021. The seller of the property is Andrew Morris, while the buyer is Melrose Arts District LLC. The deal was facilitated by broker Ashley Kermani from Kermani Estates.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $4,162,000.00

Ashley Kermani, representing Kermani Estates, played a key role in ensuring the successful completion of the transaction. The sale of the property on Melrose Ave in Los Angeles marks a significant milestone for both the seller, Andrew Morris, and the buyer, Melrose Arts District LLC.