4877 Lankershim Blvd - Storefront Retail/Office FOR SALE


North Hollywood, CA 91601
$1,650,000 USD
323-515-8302
4877 Lankershim Blvd, North Hollywood, CA for Sale
$1,650,000 USD
Storefront Retail/Office - FOR SALE
1/3
null | 5.01% Cap Rate

4877 Lankershim Blvd
North Hollywood, CA 91601


HIGHLIGHTS

  • New 10 year lease extension from Romantix with annual increases
  • Single tenant NNN asset
  • High Barrier to Entry Submarket of Los Angeles
  • High-traffic Lankershim Blvd location
  • Excellent signage visibility

OVERVIEW

The Subject Property is a +1,788 square foot, single-tenant, NNN-leased retail property on a +4,500 square foot lot located in North Hollywood, CA. It is currently leased to Romantix, which recently renewed its lease for an additional 10 years. Positioned on Lankershim Boulevard between Camarillo Street and Magnolia Boulevard, the property includes onsite parking with five spaces, plus one handicapped space, accessible via an alley at the rear. This property is ideally located in the bustling North Hollywood Arts District, an area celebrated for its dynamic arts scene and diverse entertainment offerings. It benefits from high foot traffic and a strong demographic profile, with an average household income of $110,908, making it an attractive location for businesses.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$923 USD /SF

CAP RATE

5.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1936

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,500 SF

ZONING

C4

APN/PARCEL ID

2353-020-002

ASK ABOUT THIS PROPERTY

Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

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Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.