6645 Farmdale Avenue, North Hollywood, CA 91606
Property · 2 recorded sales since 2021
Sold February 2024
Listing Agent: Roderick 'Rick' Raymundo (DRE #01357019) · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Roderick 'Rick' Raymundo · Marcus & Millichap · MLS #23274189 · Source: CRMLS
About this property
Located near the border of Burbank and North Hollywood, the property affords tenants convenient access to the revamped NoHo Arts District and the Burbank Empire Center. Constructed in 1961, the 5,869 square foot property occupies a 6,751 square foot parcel near the intersection of Lankershim Boulevard and Victory Boulevard. With its solid pipeline of recent and upcoming development projects, North Hollywood has benefited from a strong influx of capital. The new NoHo West mixed-use development features a Trader Joe's, Nordstrom Rack, Regal Cinema, LA Fitness, and several other shops and restaurants as its accompanying 644-unit multifamily development moves forward through construction. A proposed $1 billion mixed-use campus featuring approximately 22 million square feet of retail, restaurant, office, and residential space would come online just 1.6 miles south of the property. Several other projects are pending in the immediate area, including 119 apartments over ground floor retail at 6500 Lankershim Boulevard and another 243 multifamily units at 7035 Laurel Canyon Boulevard. In addition to the major shopping centers nearby, tenants also enjoy convenient access to a brand new Target, Costco, The Home Depot, Smart & Final, and 99 Cents Only Store. The 5, 101, 134, and 170 Freeways are all within short driving distance, while mass transit is available at the North Hollywood Metro Station, which acts as a hub between the Metro Red Line and the Orange Line Busway.
Listing description from the February 2024 sale, as reported to CRMLS.
Sale history
