Active
7436 Lankershim BLVD
NORTH HOLLYWOOD CA, 91605
$2,550,000
$604.70 per sqft
Active
3 Beds
2 Baths
4,217 sqft
Multi-family
Built in 1942
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.
BB24132576MR
MLSⓇ ID
June 27, 2024
Listed
November 22, 2024
Updated
Map
7436 Lankershim BLVD
NORTH HOLLYWOOD CA, 91605
Interior Features
Total Stories
1
Bedrooms
3
Total Bathrooms
2
Laundry Description
Inside
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.26 Acres
Sewer
Public Sewer
Other Property Details
Area Name
North Hollywood
Days on Market
111
Garage
Yes
Garage Spaces
2
Parking Total
6
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LAC2
Listing History
Date | Event | Price |
|---|---|---|
10/29/2024 | Price change | $2,550,000 15% |
10/21/2024 | Price change | $2,199,000 -9% |
Listed by David Nalbandyan with LA Premier Realty
Listing Contact: 855-525-7653
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Feil Group | CA DRE# 01843291 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024
