CA > North Hollywood
North Hollywood, CA 91605,7436 Lankershim Boulevard
North Hollywood, CA 91605,7436 Lankershim Boulevard
North Hollywood, CA 91605,7436 Lankershim Boulevard
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by David Nalbandyan • LA Premier Realty
$2,550,000
Est. payment /mo
4,217 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 4,217 sqft

Price per Sqft $604

MLS Listing ID BB-24132576

Year Built 1942

Lot Size 0.259 Acres

Property Sub-Type Commercial/Residential

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

Zoning LAC2

Interior

Laundry Inside

Exterior

Parking Features Gated

Garage Spaces 2.0

Pool None

Community Features Curbs

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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