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NoHo Redevelopment Opportunity | 8265 Lankershim Blvd
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NoHo Redevelopment Opportunity 8265 Lankershim Blvd
6,720 SF Industrial Building North Hollywood, CA 91605 $3,300,000 ($491/SF) 3.53% Cap Rate
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INVESTMENT HIGHLIGHTS
- .7 Acres / 30,492 SF Parcel in NoHo.
- Easy access to local freeways: .2 miles to the 5 Fwy, 1.31 miles to the 170 Fwy, 4.8 miles to the 101 Fwy.
- Situated directly across the street from the newly developed Hollywood Backlot Bungalows.
- Unique opportunity to redevelop or owner occupy and land bank this asset in this growing NoHo neighborhood.
- In-Place Income (Tenant Occupied).
- M1 Zoning allows for redevelopment as Retail, Retail Restaurant, Office, Truck, RV Storage, Mini Storage, Car Rental and Tow Yard Operator.
EXECUTIVE SUMMARY
Please submit backup offers with a minimum of $3M; as is w/ standard due diligence period. All cash or proof of funds.
Salisbury Group, Inc. a California corporation is pleased to offer the Sale of a redevelopment opportunity/owner/occupant land bank in this fast-growing North Hollywood neighborhood in the Lankershim Ranch.
This versatile property presents an exceptional opportunity for owner-occupants, developers, or industrial users seeking a well-located asset in a high-demand commercial and light industrial corridor. With a strategic location, flexible zoning, and convenient access to major freeways and public transportation, this property is ideally suited for a variety of City approved M1 uses such as industrial, commercial, or mixed-use applications.
Location & Accessibility:
Positioned in the thriving North Hollywood submarket, the property benefits from excellent connectivity to key commercial and industrial hubs.
Freeway Access:
0.2 miles to the I-5 Freeway (Golden State Fwy) – Direct access to Downtown Los Angeles and the San Fernando Valley
1.31 miles to the CA-170 Freeway (Hollywood Fwy) – Quick connection to Burbank and Studio City
4.8 miles to the US-101 Freeway (Ventura Fwy) – Provides access to West Los Angeles and beyond.
Public Transit:
3.5 miles to North Hollywood Metro Station (B Line – Red & G Line – Orange) – Easy commuting to DTLA and Warner Center
Multiple Metro Bus lines service Lankershim Blvd and the surrounding area.
Nearby Amenities:
The property is surrounded by a mix of retail, dining, entertainment, and business services, adding value to employees, customers, and investors alike.
Retail & Dining:
Various shopping centers, fast-casual dining, and local eateries along Lankershim Blvd and Victory Blvd.
Entertainment:
Just minutes from Universal Studios Hollywood and Universal CityWalk, a major entertainment hub.
Industrial & Commercial Neighbors:
Close proximity to other industrial businesses, creative office spaces, and distribution centers
Investment Highlights:
Prime Redevelopment Potential – Ideal for an investor or developer looking to reposition the property for modern light industrial, creative office, or mixed-use applications
Strategic Owner-User Opportunity – Move-in ready or adaptable for various industrial/commercial uses
Growing North Hollywood Market – Located in one of Los Angeles’ most dynamic and rapidly evolving submarkets.
This is a rare opportunity to acquire a well-positioned industrial asset with significant upside potential. Contact Salisbury Group, Inc. today to learn more about this exceptional investment opportunity!
Salisbury Group, Inc. a California corporation is pleased to offer the Sale of a redevelopment opportunity/owner/occupant land bank in this fast-growing North Hollywood neighborhood in the Lankershim Ranch.
This versatile property presents an exceptional opportunity for owner-occupants, developers, or industrial users seeking a well-located asset in a high-demand commercial and light industrial corridor. With a strategic location, flexible zoning, and convenient access to major freeways and public transportation, this property is ideally suited for a variety of City approved M1 uses such as industrial, commercial, or mixed-use applications.
Location & Accessibility:
Positioned in the thriving North Hollywood submarket, the property benefits from excellent connectivity to key commercial and industrial hubs.
Freeway Access:
0.2 miles to the I-5 Freeway (Golden State Fwy) – Direct access to Downtown Los Angeles and the San Fernando Valley
1.31 miles to the CA-170 Freeway (Hollywood Fwy) – Quick connection to Burbank and Studio City
4.8 miles to the US-101 Freeway (Ventura Fwy) – Provides access to West Los Angeles and beyond.
Public Transit:
3.5 miles to North Hollywood Metro Station (B Line – Red & G Line – Orange) – Easy commuting to DTLA and Warner Center
Multiple Metro Bus lines service Lankershim Blvd and the surrounding area.
Nearby Amenities:
The property is surrounded by a mix of retail, dining, entertainment, and business services, adding value to employees, customers, and investors alike.
Retail & Dining:
Various shopping centers, fast-casual dining, and local eateries along Lankershim Blvd and Victory Blvd.
Entertainment:
Just minutes from Universal Studios Hollywood and Universal CityWalk, a major entertainment hub.
Industrial & Commercial Neighbors:
Close proximity to other industrial businesses, creative office spaces, and distribution centers
Investment Highlights:
Prime Redevelopment Potential – Ideal for an investor or developer looking to reposition the property for modern light industrial, creative office, or mixed-use applications
Strategic Owner-User Opportunity – Move-in ready or adaptable for various industrial/commercial uses
Growing North Hollywood Market – Located in one of Los Angeles’ most dynamic and rapidly evolving submarkets.
This is a rare opportunity to acquire a well-positioned industrial asset with significant upside potential. Contact Salisbury Group, Inc. today to learn more about this exceptional investment opportunity!
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$99,999
![]() |
$9.99
![]() |
Other Income |
-
![]() |
-
![]() |
Vacancy Loss |
-
![]() |
-
![]() |
Effective Gross Income |
$99,999
![]() |
$9.99
![]() |
Taxes |
-
![]() |
-
![]() |
Operating Expenses |
-
![]() |
-
![]() |
Total Expenses |
$99,999
![]() |
$9.99
![]() |
Net Operating Income |
$99,999
![]() |
$9.99
![]() |
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
PROPERTY FACTS In Escrow
AMENITIES
- Bus Line
- Fenced Lot
- Signage
- Shallow Bay
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
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PROPERTY TAXES
Parcel Number | 2310-006-003 | Improvements Assessment | $468,918 (2024) |
Land Assessment | $1,741,721 (2024) | Total Assessment | $2,210,639 (2024) |
PROPERTY TAXES
Parcel Number
2310-006-003
Land Assessment
$1,741,721 (2024)
Improvements Assessment
$468,918 (2024)
Total Assessment
$2,210,639 (2024)
ZONING
Zoning Code | LAM1 (Zoning M1 allows for redevelopment as Retail, Retail Restaurant, Office, Truck and RV Storage, Mini Storage, Car Rental and Tow Yard Operator.) |
LAM1 (Zoning M1 allows for redevelopment as Retail, Retail Restaurant, Office, Truck and RV Storage, Mini Storage, Car Rental and Tow Yard Operator.) |
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Salisbury Group, Inc.
NoHo Redevelopment Opportunity | 8265 Lankershim Blvd
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