CA > North Hollywood (los Angeles)
North Hollywood (los Angeles), CA 91605,7436 Lankershim Boulevard
North Hollywood (los Angeles), CA 91605,7436 Lankershim Boulevard
North Hollywood (los Angeles), CA 91605,7436 Lankershim Boulevard
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Parisa Samimi

Parisa Samimi

+1(510) 410-4050
$2,550,000
Est. payment /mo
4,217 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,217 sqft

Price per Sqft $604

MLS Listing ID CRBB24132576

HOA Y/N No

Year Built 1942

Lot Size 0.259 Acres

Acres 0.26

Property Sub-Type Other

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 Listing

Zoning LAC2

Interior

Fireplace No

Laundry Inside

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 2316014019

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Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by David Nalbandyan • LA Premier Realty

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agent

Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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7436 Lankershim Boulevard