Homes for sale - 7436 Lankershim BLD, North Hollywood, CA 91605

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JLee Broker

[email protected] +1(650) 857-1000

Listed by David Nalbandyan • LA Premier Realty

$2,550,000

Est. payment - /mo

0.26 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRBB24132576

Originating Board California Regional MLS

Year Built 1942

Lot Size 0.259 Acres

Property Description

We are pleased to present a unique chance to acquire a versatile mixed-use commercial property ideally located on renowned Lankershim Blvd, offering both a cash flow generating property, as well as a lucrative Development Opportunity. This property currently features a total of six units, comprising three commercial units and three residential units. The building spans 4,217 square feet and is situated on a generous 11,284 square feet lot. The current 5% CAP Rate is based on existing rental income, with the possibility to enhance returns through additional ADU constructions or explore redevelopment opportunities for a mixed-use project featuring up to 40 units alongside ground-floor retail. Its location is optimal with LAC2 zoning, dual access from the front and back of the lot, and proximity to public transit, ensuring significant pedestrian and vehicular traffic (over 260,000 employees within a 5-mile radius and 27,000 cars daily). This makes it a highly desirable location for development.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Interior

Laundry Other

Exterior

Garage Spaces 6.0

Pool None

Building

Story One Story

Water District - Public

Others

Tax ID 2316014019

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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7436 Lankershim BLD North Hollywood, CA 91605

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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