5058-5062 Lankershim Blvd
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5058-5062 Lankershim Blvd
2,925 SF Vacant Retail Building North Hollywood, CA 91601 $3,000,000 ($1,026/SF)
Investment Highlights
- Prime Owner-User/Investment Opportunity
- Surrounded by new housing/retail developments
- Convenient Access to Freeways to the 101, 170 & 134 freeway
- Surrounded by National Tenants
- 56' frontage located in the Heart of the NoHo Arts district
- Flexible month-to-month leases in place
Executive Summary
Ikon Properties is proud to present 5058-5062 Lankershim Blvd, North Hollywood CA, an excellent opportunity for both owner-users looking for a strategic location for their business and investors seeking a promising asset in a thriving area. Situated in the vibrant NoHo Arts District, this property enjoys the benefits of being at the epicenter of a thriving cultural and commercial hub. The property's proximity to numerous national tenants enhances its appeal and potential for foot traffic and business partnerships. With close proximity to the 101, 170, and 134 freeways, this property offers excellent accessibility, ensuring that customers, clients, and employees can easily reach the location from all parts of Los Angeles and beyond. The NoHo Arts District is experiencing a wave of redevelopment and revitalization. New developments in the area indicate sustained growth and a favorable environment for businesses looking to establish or expand their presence. This property benefits from high visibility due to its location on a major boulevard, ensuring maximum exposure.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,925 SF
Building Class
C
Year Built
1941
Price
$3,000,000
Price Per SF
$1,026
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.14 AC
Zoning
C4, Los Angeles
Parking
5 Spaces (1.71 Spaces per 1,000 SF Leased)
Frontage
56 FT on Lankershim Blvd
Amenities
- Restaurant
- Signage
Walk Score®
Walker's Paradise (95)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2353-008-016 | Improvements Assessment | $354,128 |
| Land Assessment | $933,623 | Total Assessment | $1,287,751 |
PROPERTY TAXES
Parcel Number
2353-008-016
Land Assessment
$933,623
Improvements Assessment
$354,128
Total Assessment
$1,287,751
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5058-5062 Lankershim Blvd
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