Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SR25276755
HOA Y/N No
Year Built 1940
Property Sub-Type Mixed Use
Property Description
The property is at an approximate 9.77 GRM. Amenities include on-site laundry facilities, assigned parking, and enclosed rear yards for select units. Per Seller, electrical panels have been upgraded. Select units feature updated interiors, vinyl windows, and lower-level units with private rear yards.
Located in the NoHo Arts District, the property benefits from proximity to residential, retail, transit, and cultural amenities. Approximately ±23.8% projected rental upside may exist based on current rents. LAC2 zoning may allow for future expansion, redevelopment, or reconfiguration, subject to applicable approvals.
Situated along Burbank Boulevard, the property offers visibility, accessibility, and access to nearby shopping, dining, and entertainment.
The NoHo Arts District features a concentration of theaters, galleries, and performance venues, including destinations such as the El Portal Theatre, along with dining, shopping, and nightlife options along Lankershim Boulevard.
The property is located near major transportation routes, including the North Hollywood Metro Station serving the B Line and G Line, as well as convenient access to the 101 and 134 freeways. Proximity to Burbank and Studio City provides access to employment centers, studios, and entertainment destinations.
The surrounding area includes local parks and recreational amenities, such as the North Hollywood Recreation Center, along with a mix of residential, commercial, and creative office uses.
Buyer to verify all information, including but not limited to legal unit count, financials, property condition, zoning, and development potential.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Fireplace No
Laundry Common Area
Exterior
Total Parking Spaces 6
Building
Story 2
Water Public
Others
Tax ID 2337038028
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
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880 Roosevelt Suite 250, Irvine, California, 92620, United States