Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

962 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

5342 Harmony Ave

14,100 SF Industrial Building North Hollywood, CA 91601 £3,129,800 (£222/SF)

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

14,100 Square Feet of Industrial Space on a 35,284 Square Foot Lot.
Property will be Delivered Vacant, Offering Flexibility for Occupancy, Repositioning, or Redevelopment.
Surrounded by an Affluent Demographic, with an Average Household Income of $118,273 within a 5-Mile Radius, and Serving a Population Exceeding 560,000

Two Metal Frame Buildings with One Dock-High Loading Area, Two Drive-Ins, and High Ceilings of Approximately 18 Feet.
Eligible for SBA Financing with Low Down Payment Options (10-15%) and Tax Benefits.
Equipped with 3 Phase – 750+ AMPS Power Supply (Buyer to Verify)

Executive Summary

The Ovaness-Rostamian Group of Marcus & Millichap is excited to offer an exclusive investment opportunity with significant redevelopment potential at 5342 Harmony Avenue, North Hollywood, CA. This property, located in one of Los Angeles’ most desirable locales, encompasses 14,100 square feet of industrial space on a generous 35,284 square foot lot.
Property Features:
Infrastructure: Two metal frame buildings, 1 dock high loading, 2 Drive-Ins 12’ x 16’, expansive outdoor storage, and high ceilings of approximately 18 feet.
Power: 3 Phase – 750+ AMPS (Buyer to Verify)
Zoning: The site falls under Restricted Industrial Zoning (MR1) within a Tier 3 Transit Oriented Community (TOC), which potentially supports high-density residential redevelopment. For detailed zoning insights, please consult with the listing agent.
The property will be delivered vacant, affording the new owner the opportunity to either occupy, reposition, or redevelop the site to capitalize on its strategic zoning. For owner-users, financing through the Small Business Administration (SBA) could make ownership more financially viable than leasing, especially with the low-down payment requirements (10-15%) and the fiscal benefits of real estate ownership.

5342_Harmony_Ave_OM_R

Property Facts

Price	£3,129,800	Number of Floors	1
Price Per SF	£222	Year Built	1975
Sale Type	Investment or Owner User	Tenancy	Single
Sale Conditions	1031 Exchange Development Sale	Parking Ratio	0.57/1,000 SF
Property Type	Industrial	Clear Ceiling Height	18 ft
Property Subtype	Warehouse Light Industrial Light Manufacturing Light Industrial Light Distribution	No. Dock-High Doors/Loading	1
Building Class	B	Level Access Doors	2
Lot Size	0.81 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Rentable Building Area	14,100 SF

Price	£3,129,800
Price Per SF	£222
Sale Type	Investment or Owner User
Sale Conditions	1031 Exchange Development Sale
Property Type	Industrial
Property Subtype	Warehouse Light Industrial Light Manufacturing Light Industrial Light Distribution
Building Class	B
Lot Size	0.81 AC
Rentable Building Area	14,100 SF
Number of Floors	1
Year Built	1975
Tenancy	Single
Parking Ratio	0.57/1,000 SF
Clear Ceiling Height	18 ft
No. Dock-High Doors/Loading	1
Level Access Doors	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Storage Space

PROPERTY TAXES

Parcel Number	2416-011-020	Improvements Assessment	£204,543
Land Assessment	£119,835	Total Assessment	£324,378

PROPERTY TAXES

Parcel Number

2416-011-020

Land Assessment

£119,835

Improvements Assessment

£204,543

Total Assessment

£324,378

zoning

Zoning Code	LAMR1 (Restricted Industrial Zoning (MR1) within a Tier 3 Transit Oriented Community (TOC), which potentially supports high-density residential development)
LAMR1 (Restricted Industrial Zoning (MR1) within a Tier 3 Transit Oriented Community (TOC), which potentially supports high-density residential development)