4877 Lankershim Blvd
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4877 Lankershim Blvd
1,788 SF Retail Building North Hollywood, CA 91601 £1,291,043 (£722/SF) 5.01% Net Initial Yield
Investment Highlights
- New 10 year lease extension from Romantix with annual increases
- High Barrier to Entry Submarket of Los Angeles
- Excellent signage visibility
- Single tenant NNN asset
- High-traffic Lankershim Blvd location
Executive Summary
The Subject Property is a +1,788 square foot, single-tenant, NNN-leased retail property on a +4,500 square foot lot located in North Hollywood, CA. It is currently leased to Romantix, which recently renewed its lease for an additional 10 years.
Positioned on Lankershim Boulevard between Camarillo Street and Magnolia Boulevard, the property includes onsite parking with five spaces, plus one handicapped space, accessible via an alley at the rear.
This property is ideally located in the bustling North Hollywood Arts District, an area celebrated for its dynamic arts scene and diverse entertainment offerings. It benefits from high foot traffic and a strong demographic profile, with an average household income of $110,908, making it an attractive location for businesses.
Positioned on Lankershim Boulevard between Camarillo Street and Magnolia Boulevard, the property includes onsite parking with five spaces, plus one handicapped space, accessible via an alley at the rear.
This property is ideally located in the bustling North Hollywood Arts District, an area celebrated for its dynamic arts scene and diverse entertainment offerings. It benefits from high foot traffic and a strong demographic profile, with an average household income of $110,908, making it an attractive location for businesses.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,788 SF
Building Class
C
Year Built
1936
Price
£1,291,043
Price Per SF
£722
Net Initial Yield
5.01%
NOI
£64,635
Tenancy
Single
Number of Floors
1
Building FAR
0.40
Land Acres
0.10 AC
Zoning
C4
Parking
6 Spaces (3.36 Spaces per 1,000 SF Leased)
Frontage
205 ft on Lankershim Blvd
Amenities
- Pylon Sign
Walk Score ®
Walker's Paradise (93)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2353-020-002 | Improvements Assessment | £374,468 |
| Land Assessment | £569,843 | Total Assessment | £944,311 |
PROPERTY TAXES
Parcel Number
2353-020-002
Land Assessment
£569,843
Improvements Assessment
£374,468
Total Assessment
£944,311
-
Matthew Dobson -
Joshua Levy -
Arbor Realty Capital Advisors, Inc.
(323) 515-8302
x103
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4877 Lankershim Blvd
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