7436 Lankershim Boulevard
North Hollywood, CA 91605
$151,000.00 (+6.29%)
Active for $2,550,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 11,284 sqft
| MLS | BB24132576 |
| Year Built | 1942 |
| Property Type | Mixed Use |
| County | Los Angeles |
| Status | Active |
| Active | $2,550,000 |
| Structure Size | N/A sqft |
| Lot Size | 11,284 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: David Nalbandyan, LA Premier Realty 855-525-7653. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Jasmen Ghookassian and Associates
REALTOR®
Direct: 818.424.3804
Email: Email Me
DRE: 01701485
DRE #01873088
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