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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

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!

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

Price $3,300,000
Price Per SF $491
Sale Type Investment or Owner User
Cap Rate 3.53%
Sale Condition Redevelopment Project
Property Type Industrial
Property Subtype
Distribution
  • General Retail Freestanding
  • General Retail Restaurant
  • Office Office Residential
Building Class C
Lot Size 0.70 AC
Rentable Building Area 6,720 SF
No. Stories 1
Year Built/Renovated 1954/1976
Tenancy Single
Parking Ratio 0.89/1,000 SF
Clear Ceiling Height 16’
No. Drive In / Grade-Level Doors 3

AMENITIES

  • Bus Line
  • Fenced Lot
  • Signage
  • Shallow Bay

UTILITIES

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City

PROPERTY TAXES

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.)
  • Listing ID: 31251052

  • Date on Market: 3/18/2024

  • Last Updated:

  • Address: 8265 Lankershim Blvd, North Hollywood, CA 91605

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