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5142-5144 Lankershim Blvd
4,295 SF 100% Leased Retail Building North Hollywood, CA 91601 For Sale
Investment Highlights
- Rare North Hollywood Arts District Street Front Retail | Unique Owner/User Opportunity with Income
- Strong Market Fundamentals | 4.9% Market Vacancy Rate | 0 SF of Retail Under Construction
- More than 57,000 Vehicles Pass Near the Property Daily at the Intersection of Magnolia & Lankershim Blvd
- Available For Sale or Lease | 3,600 SF Available For Lease | Please Contact Agent for Details
- Positioned in The Heart of the NoHo Arts District, Four Parcels South of the Signalized Intersection of Lankershim Blvd and Magnolia Blvd
- Tremendous Visibility | 55’ Feet of Frontage along Lankershim Blvd | Eyebrow/Storefront Signage
Executive Summary
The North Hollywood Arts District, encompassing the one-square-mile area where the property is located, has rapidly evolved into a vibrant hub for the artistic community. It features numerous theaters, upscale restaurants, and cafes. Ongoing construction of new
apartment buildings and mixed-use projects has significantly transformed the neighborhood into one of the most desirable commercial destinations in the San Fernando Valley.
Currently, the property is 100% leased by two tenants. WACO Theater Center, a performing and visual arts organization, occupies 3,600 square feet. The WACO Theater Center, a fully equipped state-of-the-art 99-seat theater, has made substantial improvements into their suite including a complete interior buildout, new HVAC units, new plumbing, and updated electrical. Cloud 9 Nails, a nail salon that has operated in this location successfully since 2014, occupies the remaining space at market rent.
Strategically located, the property benefits from its proximity to the bustling intersection of Lankershim Blvd and Magnolia Blvd, where traffic exceeds 57,000 vehicles daily. Building signage and 55 feet of frontage along Lankershim Blvd enhance the properties visibility and presence. Additionally, the property offers six parking spaces accessed via a rear alley, translating to 1.40 spaces per 1,000 square feet. There is also street parking and public parking lots in the immediate vicinity.
Property Facts
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Marcus & Millichap has been retained as the exclusive representative for the ownership of 5142-5144 Lankershim Blvd, a multi-tenant street front retail property with two suites situated in the heart of the North Hollywood Arts District. The building spans 4,295 square feet on a 0.13-acre parcel zoned C4-2D-CA, positioned just four parcels away from the signalized intersection of Lankershim Blvd and Magnolia Blvd. This location boasts a walk score of 97, categorized as a “Walker’s Paradise”. The North Hollywood Arts District, encompassing the one-square-mile area where the property is located, has rapidly evolved into a vibrant hub for the artistic community. It features numerous theaters, upscale restaurants, and cafes. Ongoing construction of new apartment buildings and mixed-use projects has significantly transformed the neighborhood into one of the most desirable commercial destinations in the San Fernando Valley. Currently, the property is 100% leased by two tenants. WACO Theater Center, a performing and visual arts organization, occupies 3,600 square feet. The WACO Theater Center, a fully equipped state-of-the-art 99-seat theater, has made substantial improvements into their suite including a complete interior buildout, new HVAC units, new plumbing, and updated electrical. Cloud 9 Nails, a nail salon that has operated in this location successfully since 2014, occupies the remaining space at market rent. Strategically located, the property benefits from its proximity to the bustling intersection of Lankershim Blvd and Magnolia Blvd, where traffic exceeds 57,000 vehicles daily. Building signage and 55 feet of frontage along Lankershim Blvd enhance the properties visibility and presence. Additionally, the property offers six parking spaces accessed via a rear alley, translating to 1.40 spaces per 1,000 square feet. There is also street parking and public parking lots in the immediate vicinity.
| Space | Size | Space Use | Position | Available |
| 5144 | 3,600 SF | Retail | In-Line | Oct 2025 |
5144
| Size |
| 3,600 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Oct 2025 |
5144
| Size | 3,600 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Oct 2025 |
Marcus & Millichap has been retained as the exclusive representative for the ownership of 5142-5144 Lankershim Blvd, a multi-tenant street front retail property with two suites situated in the heart of the North Hollywood Arts District. The building spans 4,295 square feet on a 0.13-acre parcel zoned C4-2D-CA, positioned just four parcels away from the signalized intersection of Lankershim Blvd and Magnolia Blvd. This location boasts a walk score of 97, categorized as a “Walker’s Paradise”. The North Hollywood Arts District, encompassing the one-square-mile area where the property is located, has rapidly evolved into a vibrant hub for the artistic community. It features numerous theaters, upscale restaurants, and cafes. Ongoing construction of new apartment buildings and mixed-use projects has significantly transformed the neighborhood into one of the most desirable commercial destinations in the San Fernando Valley. Currently, the property is 100% leased by two tenants. WACO Theater Center, a performing and visual arts organization, occupies 3,600 square feet. The WACO Theater Center, a fully equipped state-of-the-art 99-seat theater, has made substantial improvements into their suite including a complete interior buildout, new HVAC units, new plumbing, and updated electrical. Cloud 9 Nails, a nail salon that has operated in this location successfully since 2014, occupies the remaining space at market rent. Strategically located, the property benefits from its proximity to the bustling intersection of Lankershim Blvd and Magnolia Blvd, where traffic exceeds 57,000 vehicles daily. Building signage and 55 feet of frontage along Lankershim Blvd enhance the properties visibility and presence. Additionally, the property offers six parking spaces accessed via a rear alley, translating to 1.40 spaces per 1,000 square feet. There is also street parking and public parking lots in the immediate vicinity.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2353-005-016 | Improvements Assessment | $130,631 |
| Land Assessment | $407,292 | Total Assessment | $537,923 |
PROPERTY TAXES
Contacts
-
Brin Hamblin -
Joshua Yaris -
Martin Agnew -
Ryan Rothstein-Serling -
Agnew | Serling Group
Presented by
5142-5144 Lankershim Blvd
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