11503 Burbank Blvd
2,930 SF Retail Building North Hollywood, CA 91601 $2,149,000 ($733/SF) 7.23% Cap Rate
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INVESTMENT HIGHLIGHTS
- Prime location in North Hollywood, minutes drive to Studio City, Toluca Lake, Valley Village and Burbank
- Long term tenant
- Corner Lot
EXECUTIVE SUMMARY
Excellent investment opportunity for this commercial retail property in a prime location with great visibility and traffic. This corner property has 10 parking spaces and been occupied by single long term tenant with a Cap Rate of almost 7%. Business is not included in the sale. This standalone property is conveniently located in prime North Hollywood, minutes away from Toluca Lake, Studio City, Valley Village and Burbank.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$180,000
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$61.43
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$180,000
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$61.43
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Taxes |
$27,737
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$9.47
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Operating Expenses |
$3,575
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$1.22
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Total Expenses |
$31,312
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$10.69
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Net Operating Income |
$148,688
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$50.75
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,930 SF
Building Class
C
Year Built
1970
Price
$2,149,000
Price Per SF
$733
Cap Rate
7.23%
NOI
$155,330
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.45
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
C2
Parking
10 Spaces (3.41 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 2338-029-001 | Total Assessment | $414,959 (2024) |
Land Assessment | $253,588 (2024) | Annual Taxes | $27,737 ($9.47/SF) |
Improvements Assessment | $161,371 (2024) | Tax Year | 2025 |