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4821 Laurel Canyon Blvd
Valley Village, CA 91607

Retail Property For Sale

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Investment Highlights

NET LEASE This lease features zero landlord responsibilities, creating a passive investment for a cashflow-driven investor
PRIME FRONTAGE The Property has ±88 SF of frontage on Laurel Canyon Blvd
INVESTMENT GRADE The lease is guaranteed by Citibank with an A credit rating by S&P

ANNUAL RENT ESCALATIONS offers an investor the opportunity to acquire a NNN property with 1.5% annual escalations
EXCEPTIONAL DEMOGRAPHICS The property is surrounded by a population of more than 250,000 within a 3-mile radius
HIGH VISIBILITY PROPERTY with traffic counts more than 38,000 CPD, and the Property is located .3 miles from the 101 Freeway

Executive Summary

This Citibank branch has an NOI of $169,717.38 a year absolute NNN lease and has an upcoming renewal option, to extend the current term for an additional 5 years. The lease provides annual rental increases of 1.5% per year for the initial term and First Renewal Term.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Bank

Building Size

4,272 SF

Building Class

Year Built

1939

Price

$4,300,000

Price Per SF

$1,007

Cap Rate

3.95%

NOI

$169,717

Tenancy

Single

Building Height

1 Story

Building FAR

0.24

Lot Size

0.41 AC

Zoning

LAC2 - Commercial

Parking

10 Spaces (2.34 Spaces per 1,000 SF Leased)

Frontage

95 FT on laurel canyon Blvd

PROPERTY TAXES

Parcel Numbers	Multiple 2356-008-008 2356-008-022	Improvements Assessment	$2,095,976
Land Assessment	$2,124,821	Total Assessment	$4,220,797

PROPERTY TAXES

Parcel Numbers

Multiple

2356-008-008
2356-008-022

Land Assessment

$2,124,821

Improvements Assessment

$2,095,976

Total Assessment

$4,220,797

Learn More About Investing in Retail Properties

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Listing ID: 27120897
Date on Market: 11/15/2022
Last Updated:
Address: 4821 Laurel Canyon Blvd, Valley Village, CA 91607

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