$1,115,000
FOR SALEActive11482 Burbank Boulevard
North Hollywood CA 91601
1,125
SF
Mixed Use
Type
2014
Built
$991/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Absolute NNN with actual 5% CAP and 23-unit mixed-use redevelopment potential. Freestanding restaurant building on a high-traffic stretch of Burbank Blvd in North Hollywood. 100% leased under an absolute triple-net (NNN) lease through 12/31/2029 with a 60-month renewal option. Contractual rent growth is locked in via a Fixed Rental Adjustment schedule. Building constructed in 2014. LAC4 zoning with confirmed Transit Oriented Communities (TOC) Tier 3 status and no minimum parking requirement under state law (AB 2097). Approximately 0.5 miles to the North Hollywood Metro Station (B/Red Line + G/Orange Line). This is a living trust sale -- no court confirmation required. The adjacent parcel at 11486 Burbank Blvd is separately available; combined, the two contiguous parcels support up to 23 mixed-use units across 6 stories under confirmed TOC Tier 3 zoning.
Property Information
Property Overview
Commercial - MixedUse
Property Type
Active
Status
LAC4
Zoning
0.0574 acres
Lot Size
1
Total Units
1,125 SF
Square Footage
$991.11/SF
Price per SF
5.00%
Cap Rate
$56K
NOI
2,014
Year Built
1
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
5% Cap Rate
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
5.00%
Cap Rate
$55,620
NOI
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Closed commercial sales reported, newest first.
CRMLS
MLS# SR26207014
Listed:
Nalren refreshed:
Last updated
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Listed by: Prestige Beverly Hills
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.