Property Details
About this Property
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.
MLS Listing Information
MLS #
CRBB24132576
MLS Source
California Regional MLS
Days on Site
174
Interior Features
Appliances
Other
Parking, School, and Other Information
Garage/Parking
Garage: 2 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
7436 Lankershim Bld is a Residential Income in North Hollywood, CA 91605. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,550,000 and was built in 1942. This address can also be written as 7436 Lankershim Bld, North Hollywood, CA 91605.
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This listing information is up-to-date as of October 29, 2024. For the most current information, please contact David Nalbandyan, (855) 525-7653
