7436 Lankershim Boulevard, North Hollywood

$2,399,000

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3

Beds

2

Baths

0.26

Acres

About 7436 Lankershim Boulevard

We are pleased to present a unique chance to acquire a versatile mixed-use commercial property ideally located on renowned Lankershim Blvd, offering both a cash flow generating property, as well as a lucrative Development Opportunity. This property currently features a total of six units, comprising three commercial units and three residential units. The building spans 4,217 square feet and is situated on a generous 11,284 square feet lot. The current 5% CAP Rate is based on existing rental income, with the possibility to enhance returns through additional ADU constructions or explore redevelopment opportunities for a mixed-use project featuring up to 40 units alongside ground-floor retail. Its location is optimal with LAC2 zoning, dual access from the front and back of the lot, and proximity to public transit, ensuring significant pedestrian and vehicular traffic (over 260,000 employees within a 5-mile radius and 27,000 cars daily). This makes it a highly desirable location for development.

Features of 7436 Lankershim Boulevard

MLS® # BB24132576
Price $2,399,000
Bedrooms 3
Bathrooms 2.00
Acres 0.26
Year Built 1942
Type Residential Income
Sub-Type Mixed Use
Status Active

Community Information

Address 7436 Lankershim Boulevard
Area NHO - North Hollywood
City North Hollywood
County Los Angeles
Zip Code 91605

Amenities

Parking Spaces 6
# of Garages 2
Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 1
Stories One

Exterior

Lot Description 0-1 Unit/Acre

Additional Information

Date Listed June 27th, 2024
Days on Market 13
Zoning LAC2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentDavid Nalbandyan
OfficeLA Premier Realty

Listing Map

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