10623 Burbank Blvd
4,991 SF Office Building North Hollywood, CA 91601 $1,850,000 ($371/SF) 5% Cap Rate
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INVESTMENT HIGHLIGHTS
- Free standing corner building
- Distress Sale
- High Visibility
- High Traffic Count
- Excellent Owner User Investment Opportunity
EXECUTIVE SUMMARY
Distress property bring your offers for a great opportunity to purchase a very nice property. Corner lot Commercial Building at Burbank & Willow Crest intersection. One-Of-a-kind Investment opportunity in sought after North Hollywood, in most upcoming neighborhoods. Can be "Owner User" or divided to a few stores, offices and rented separately. Approximately 4,991 sq feet usable area. Existing 9 offices, 2 restrooms,1 media room and auditorium can easily transform to any floorplan you desire. Close To Freeway 5 and 101. Close to Universal Studios. Great for Medical Offices, Dental, Multi Media, the opportunities are endless!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
4,991 SF
Building Class
C
Year Built
1960
Price
$1,850,000
Price Per SF
$371
Cap Rate
5%
NOI
$92,500
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,991 SF
Building FAR
0.80
Lot Size
0.14 AC
Zoning
LAC2 - Commercial
Parking
2 Spaces (0.4 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
- Air Conditioning
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
Parcel Number | 2415-023-001 | Improvements Assessment | $610,194 |
Land Assessment | $1,294,673 | Total Assessment | $1,904,867 |