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5770 Melrose Ave

Greater Wilshire, Los Angeles, CA
Floors
2
Total Size
11,010 sqft
Close Highway(s)
101

Features

Onsite Parking

About 5770 Melrose Ave

The impressive, two-story center at 5770 Melrose Avenue, LA, is known as Hancock Park Plaza. It was originally constructed in 1980 and features approximately 11,010 gross leasable square feet. This is an ideal opportunity for office or retail tenants looking to rent office space near the incredible Hancock Park area of Los Angeles.

This center features a great mix of tenants including popular restaurants, retailers, services and more. Tenants are treated to high foot traffic and 20,000+ cars per day. Building and monument signage are both available, further boosting exposure for tenants of this remarkable, open-air environment. Suites vary greatly; some suites are full studios, others are ideal for creative office users. Natural light and great windows are additional features of the building.

Hancock Park Plaza is in an incredible location; it sits along popular Melrose Avenue and is just steps from unique cuisine and shopping opportunities. The building is centrally located to Paramount Pictures Corp, Wilshire Country Club, and other LA businesses and neighborhoods. Public transportation is within a few steps; freeways are easily accessible.

The building features a concrete exterior with great, dark-tinted glass windows and beautiful black accents. The lot has manicured landscaping and planters, as well.

Companies at 5770 Melrose Ave

Cafe Americano Cafe Food
Melrose Pet Grooming
Jody Domingue Studios
Bailan Body Works Spa
Smoke Shop Fine Tobaccos Store

Internet Providers for 5770 Melrose Ave

Provider Technology Max Download Speed Max Upload Speed
TIME WARNER CABLE Cable
100 Mb/s
6 Mb/s
AT&T California DSL
25 Mb/s
3 Mb/s
Megapath DSL
25 Mb/s
25 Mb/s

The Neighborhood: Greater Wilshire

The typical asking rate per listing is in the $60's per square foot per year. The Greater Wilshire submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 4% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Greater Wilshire region has greater rates, and you'll need to make a great offer to be in this hot region.

Median Rate Median Size
Greater Wilshire $63
/sqft/yr
5,390
sqft
Median Rate Median Size
Metropolitan Los Angeles $32
/sqft/yr
2,190
sqft

Median Rate over Time in Greater Wilshire