For Sale
Call for price

5041 Lankershim BlvdLos Angeles, CA 91601

0.62-acre commercial land, fully entitled.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 0.62-acre commercial land parcel, located at 5041 Lankershim Boulevard in Los Angeles, CA 91601, presents a unique redevelopment opportunity. Fully entitled for a 148-key hotel project, this property offers flexible zoning (C4-2D) allowing for retail and multi-family development, aligning with the City of Los Angeles' Housing Element. The site boasts existing income from a parking agreement generating $6,270 monthly, with a lease expiring January 2026, but terminable with six months' notice after January 22, 2025. The property's prime location in a tourist hotspot, combined with convenient transportation access, makes it an ideal investment. The parcel includes APNs 2353-010-009, 2352-010-008, 2353-010-007, and 2353-010-017. This is a rare chance to acquire a fully entitled site with existing income and significant development potential in a high-demand Los Angeles location. The property's versatility and established infrastructure make it an attractive proposition for investors seeking a high-return opportunity.

Highlights

  • Fully entitled for a 148-key hotel.
  • Flexible C4-2D zoning allows for retail and multi-family development.
  • Generates $6,270 monthly income from a parking lease (terminable with six months' notice after January 22, 2025, expiring January 2026).
  • Prime location in a Los Angeles tourist area.
  • Excellent transportation access.

Property Details for 5041 Lankershim Blvd

Property type
Land
Lot Size (sq. ft)
27,007 SF

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.1619486
Longitude
-118.3731078
5041 Lankershim Blvd, Los Angeles, California

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5041 Lankershim Blvd
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