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NoHo Redevelopment Opportunity 8265 Lankershim Blvd

6,720 SF Industrial Building North Hollywood, CA 91605 $4,750,000 ($707/SF) 2.45% 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 dilligence period. All cash or proof of funds.
Salisbury Group, Inc. a CA corporation is pleased to offer the Sale of a Redevelopment opportunity/owner/occupant land bank in this fast-growing NoHo neighborhood in the Lankershim Ranch.
Discover an unparalleled opportunity to invest in a prestigious industrial property situated on the bustling Lankershim Blvd. in the heart of NoHo. Boasting a coveted location directly across from the iconic Hollywood Backlot Bungalows, 8265 Lankershim Blvd. offers an exceptional blend of visibility, accessibility, and potential for various commercial and industrial endeavors, such as City approved redevelopment in the LAM1 zone including but not limited to Industrial, Retail, Office and Restaurant uses.
Lankershim Blvd. in Los Angeles is named in honor of the Lankershim family per Wikipedia. Isaac Lankershim struck his claim in Los Angeles buying and developing the 60,000 acres now known as North Hollywood, Van Nuys, Sherman Oaks, Encino, Tarzana and Woodland Hills. Be part of the Lankershim Legacy of Success!
NoHo aka North Hollywood is booming with a friendly city climate for redevelopment in this growing neighborhood.
This property consists of a 2,400 to 6,720 SF building on .7 acres / 30,492 SF parcel of valuable land.
North Hollywood, located in the San Fernando Valley region of Los Angeles, has several attractions that draw people to the area:
1. Arts District: North Hollywood is known for its vibrant arts scene, with numerous galleries, theaters, and art studios. The NoHo
Arts District, in particular, is a hub for actors, dancers, musicians, and artists.
2. Entertainment Industry: Many people are attracted to North Hollywood because of its proximity to the heart of the
entertainment industry. The area is home to several major studios, including Universal Studios, and is known for its history in film
and television production.
3. Dining and Nightlife: North Hollywood offers a variety of dining options, ranging from casual eateries to upscale restaurants. The
area also has a lively nightlife scene, with bars, clubs, and live music venues.
4. Shopping: North Hollywood has a number of shopping destinations, including the North Hollywood Arts District and the NoHo
Commons shopping center. Visitors can find a range of shops, boutiques, and galleries selling everything from clothing and
jewelry to artwork and home goods.
5. Cultural Diversity: Like much of Los Angeles, North Hollywood is known for its cultural diversity. The area is home to people from a
variety of backgrounds, which contributes to its vibrant and eclectic atmosphere.
Overall, North Hollywood's mix of arts, entertainment, dining, and cultural diversity make it a popular destination for both visitors and residents alike.

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 $4,750,000
Price Per SF $707
Sale Type Investment or Owner User
Cap Rate 2.45%
Sale Conditions 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 FT
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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