7436 Lankershim Boulevard North Hollywood, CA 91605
We are pleased to present a unique chance to acquire a versatile mixed-use commercial property ideally located on renowned Lankershim Blvd, offering both a cash flow generating property, as well as a lucrative Development Opportunity. This property currently features a total of six units, comprising three commercial units and three residential units. The building spans 4, 217 square feet and is situated on a generous 11, 284 square feet lot. The current 5% CAP Rate is based on existing rental income, with the possibility to enhance returns through additional ADU constructions or explore redevelopment opportunities for a mixed-use project featuring up to 40 units alongside ground-floor retail. Its location is optimal with LAC2 zoning, dual access from the front and back of the lot, and proximity to public transit, ensuring significant pedestrian and vehicular traffic (over 260, 000 employees within a 5-mile radius and 27, 000 cars daily). This makes it a highly desirable location for development.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site65 Days
- MLS StatusActive
- MLS ID NumberBB24132576
- Home Size Source N/A
- Year Built1942
- Lot Size0.259 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 6
- Sewer Public Sewer
- Number of Stories 11
- Acreage 0.259
- Water Public
- Garage Spaces 2
- Zoning LAC2
- Listing Conditions Standard
Interior Features
- Laundry Features Inside
Exterior Features
- Pool Features None
- Lot 0-1 Unit/ Acre
Community Features
- Community Features Curbs
- Senior Community No
- MLS Area NHO - North Hollywood