$2,550,000
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7436 Lankershim Boulevard North Hollywood, CA 91605
Mixed Use
Residence
Beds
Baths
...
Bed/Bath
4,217
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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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.
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MLS#
BB24132576
Property Type
Mixed Use
Year Built
1942
Square Feet
4,217
sq. ft
Lot Size
0.26
Stories
1.0
Sewer
Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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