North Hollywood, CA 91605 7436 Lankershim Boulevard
$2,399,000
23 more
Presented By: David Nalbandyan with LA Premier Realty; [email protected]
Beds • 9
Baths • 2
SQFT • 4,217
Garage • 2
Home Details
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.
Presented By: David Nalbandyan with LA Premier Realty; [email protected]
Interior Features for 7436 Lankershim Boulevard
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories1
Other Rooms
Entry Level1
General for 7436 Lankershim Boulevard
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityNorth Hollywood
Community FeaturesCurbs
CountyLos Angeles
Days on Market34
DirectionsSherman way and lankerhsim
Electric Expense0.0
Entry Location1
Fuel Expense0.0
Garage Spaces2.0
Garage Y/NYes
Gross Income159600.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense3800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet11284.0
Lot Size UnitsSquareFeet
MLS AreaNHO - North Hollywood
MaintenanceExpense5000.0
MobileHomeRemainsYNNo
Net Operating Income120619.0
New ConstructionNo
NumberOfUnitsTotal6
Open Parking Spaces4.0
Operating Expense35789.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot43
TermsConventional
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1942
Year Built SourceAssessor
ZoningLAC2
Exterior for 7436 Lankershim Boulevard
Building Area Total4217.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.259
Lot Size Area11284.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480