$1,099,000
FOR SALEActive6045 Vineland Avenue
North Hollywood CA 91606
3,247
SF
Office
Type
1939
Built
$338/SF
Cost/SF
Listing Agent
Arthur Ambarchyan
Listing Agent
DRE #: 01351863
(818) 434-9911Brokerage: Keller Williams R. E. Services
Location Analysis
About This Property
Rare opportunity to acquire a freestanding commercial building in one of North Hollywood’s most desirable commercial corridors. Offered at $1,099,000 (approximately $338 per square foot), this 3,247 SF single-story property is built to the rear property line (zero lot line). Flexible C2-1 zoning suitable for office, creative, medical, or select retail uses, and can be delivered vacant. The property features three suites, including a fully equipped commercial kitchen, private offices, abundant storage, shared outdoor patio access, and five on-site parking spaces. Recent capital improvements include upgraded copper plumbing, HVAC ducting, and a new electrical panel. The building needs some TLC, which is reflected in the pricing and gives a buyer the opportunity to add value. The rear 671 SF suite is leased at $3.62/SF ($2,429/month) through January 1, 2028, with the option to deliver vacant. The two remaining suites are month-to-month, and all leases are gross. The property is well-suited for an owner-user or an investor seeking in-place income with repositioning upside in one of the Valley’s most active commercial corridors.
Property Information
Property Overview
Commercial - Office
Property Type
Active
Status
0.1087 acres
Lot Size
3
Total Units
3,247 SF
Square Footage
$338.47/SF
Price per SF
4.66%
Cap Rate
$61K
NOI
1,939
Year Built
1
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
4.66% Cap Rate
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
4.66%
Cap Rate
$60,612
NOI
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Closed commercial sales reported, newest first.