4653-4657 Lankershim Blvd, North Hollywood, CA 91602
4,721 SF | 100% Leased | Retail Building | North Hollywood, CA 91602 | $2,500,000 ($530/SF)
For Sale
Active
Asking Price $2,500,000
- Property Type
-
Retail
- Square Feet
- 4,721 SF
- Price / Square Foot
- $530
Listing Contacts
Property Overview
4653 Lankershim Blvd is a well maintained and extremely well located 4,271 square foot commercial property composed of three (3) retail units each averaging over 1,300 square feet. Each unit is currently occupied with unit 4653, Shoebox Tattoo, on a gross month to month lease. Unit 4655, Jiu Jitsu Fitness, is leased (NNN) until February 2025 and Unit 4657, Cocktail Bar, is leased (NNN) until November 2024. The property underwent a major remodel in 1992 upgrading the electrical and plumbing. The bar has a one ton A/C unit and there is a three ton A/C unit for the other retail units. The roof has been upgraded, has annual maintenance. The property is secured with new security cameras and DVR. The HVAC units were updated approximately ten years ago. The subject property provides a potential owner user opportunity. The buyer could potentially utilize SBA financing! There are six (6) automatic gated parking spaces available and ample street parking. Positioned adjacent to a major intersection of Camarillo St. and Lankershim Blvd, the subject property is easily accessible by pedestrians and has a traffic count of 24,662 vehicles a day making it an ideal location. The property is situated on a 7,078 square foot lot and zoned LAC2.
4653 Lankershim Blvd is situated in the heart of North Hollywood with easy access to the 101 and 134 freeways. North Hollywood is a rapidly improving submarket of LA with a significant increase in development and higher income tenants over the last decade. Tenants and owners alike are attracted to this area because of the vibrant nightlife, trendy coffee shops, restaurants and the close proximity to movie industry employment hubs such as Universal & the Warner Brothers Lot.
4653 Lankershim Blvd is situated in the heart of North Hollywood with easy access to the 101 and 134 freeways. North Hollywood is a rapidly improving submarket of LA with a significant increase in development and higher income tenants over the last decade. Tenants and owners alike are attracted to this area because of the vibrant nightlife, trendy coffee shops, restaurants and the close proximity to movie industry employment hubs such as Universal & the Warner Brothers Lot.
Property Details
- Class
- C
- Year Built
- 1936
- Stories
- 1
- Property Subtype
- Storefront, Other Restaurants
- Lot Size (sq. ft)
- 6,970 SF
Highlights
- Great location on Lankershim Blvd., North of Riverside Dr., near the center of the Noho Arts District with easy access to the 101 and 134 freeways
- Well Maintained Property comprised of three retail spaces. Six (6) Gated Parking Spaces
- All units are leased! There is One month-to-month tenant and the other two units leases expire within the next 6 months
- Great frontage on Lankershim Blvd. with a traffic count of 24,662 vehicles per day
- Potential Owner User Opportunity!
- Over 6% CAP Rate Once all Units are at Market Rental Rate
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