4653 Lankershim Boulevard, North Hollywood, CA 91602
Commercial property
Sold October 2024
Listing Agent: Nicole Apostolos (DRE #01464936) · Listing Office: Equity Union · Contact: 818-989-2000 · Bought with: Nicole Apostolos · Equity Union · MLS #24427793 · Source: CRMLS
About this commercial property
4653 Lankershim Blvd is a well maintained and extremely well located 4,271 square foot commercial property composed of three (3) retail units each averaging over 1,300 square feet. Each unit is currently occupied with unit 4653, Shoebox Tattoo, on a gross month to month lease. Unit 4655, Jiu Jitsu Fitness, is leased (NNN) until February 2025 and Unit 4657, Cocktail Bar, is leased (NNN) until November 2024. The property underwent a major remodel in 1992 upgrading the electrical and plumbing. The bar has a one ton A/C unit and there is a three ton A/C unit for the other retail units. The roof has been upgraded, has annual maintenance. The property is secured with new security cameras and DVR. The HVAC units were updated approximately ten years ago. The subject property provides a potential owner user opportunity. The buyer could potentially utilize SBA financing! There are six (6) automatic gated parking spaces available and ample street parking. Positioned adjacent to a major intersection of Camarillo St. and Lankershim Blvd, the subject property is easily accessible by pedestrians and has a traffic count of 24,662 vehicles a day making it an ideal location. The property is situated on a 7,078 square foot lot and zoned LAC2. 4653 Lankershim Blvd is situated in the heart of North Hollywood with easy access to the 101 and 134 freeways. North Hollywood is a rapidly improving submarket of LA with a significant increase in development and higher income tenants over the last decade. Tenants and owners alike are attracted to this area because of the vibrant nightlife, trendy coffee shops, restaurants and the close proximity to movie industry employment hubs such as Universal & the Warner Brothers Lot.
Listing description from the October 2024 sale, as reported to CRMLS.
Sale history