5148-5152 Lankershim Blvd
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5148-5152 Lankershim Blvd
4,200 SF 100% Leased Retail Building North Hollywood, CA 91601 $2,599,000 ($619/SF) 4.11% Cap Rate
Investment Highlights
- Prime NoHo Arts District Location!
- High Traffic Count on Lankershim Blvd.
- 2 Commercial/Retail Spaces! C4 Zoning!
- Owner Occupied Opportunity!
- Excellent Frontage on Lankershim Blvd.
- Delivered Vacant!
Executive Summary
PRIME NORTH HOLLYWOOD ARTS DISTRICT LOCATION! Excellent OWNER/USER OPPORTUNITY! Excellent Frontage (56 Feet) on Lankershim Blvd. 4,200 Square Feet of Commercial Retail Space! C4 Zoning! 5 Parking Spaces! Delivered Vacant! A/C! High Foot Traffic, High Ceilings!
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$151,200
|
$36.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,536
|
$1.08
|
| Effective Gross Income |
$146,664
|
$34.92
|
| Taxes |
$33,125
|
$7.89
|
| Operating Expenses |
$6,700
|
$1.60
|
| Total Expenses |
$39,825
|
$9.48
|
| Net Operating Income |
$106,839
|
$25.44
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $151,200 |
| Annual Per SF | $36.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,536 |
| Annual Per SF | $1.08 |
| Effective Gross Income | |
|---|---|
| Annual | $146,664 |
| Annual Per SF | $34.92 |
| Taxes | |
|---|---|
| Annual | $33,125 |
| Annual Per SF | $7.89 |
| Operating Expenses | |
|---|---|
| Annual | $6,700 |
| Annual Per SF | $1.60 |
| Total Expenses | |
|---|---|
| Annual | $39,825 |
| Annual Per SF | $9.48 |
| Net Operating Income | |
|---|---|
| Annual | $106,839 |
| Annual Per SF | $25.44 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
4,200 SF
Building Class
C
Year Built
1937
Price
$2,599,000
Price Per SF
$619
Cap Rate
4.11%
NOI
$106,795
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.69
Lot Size
0.14 AC
Zoning
C4, Los Angeles - C4
Parking
4 Spaces (0.95 Spaces per 1,000 SF Leased)
Frontage
56 FT on Lankershim Blvd
Amenities
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (97)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2353-005-015 | Total Assessment | $269,909 |
| Land Assessment | $163,258 | Annual Taxes | $33,125 ($7.89/SF) |
| Improvements Assessment | $106,651 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2353-005-015
Land Assessment
$163,258
Improvements Assessment
$106,651
Total Assessment
$269,909
Annual Taxes
$33,125 ($7.89/SF)
Tax Year
2024
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5148-5152 Lankershim Blvd
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