8265 Lankershim BlvdLos Angeles, CA 91605

This 0.7-acre (30,492 sq ft) property at 8265 Lankershim Blvd, Los Angeles, CA 91605, presents a unique redevelopment opportunity in the thriving North Hollywood neighborhood. Currently housing six tenants (U-Haul, Fast Tires, Welding Services, and Collision) in a 6,720 sq ft, single-story, 1954-built industrial building with high ceilings, the property boasts 100% occupancy generating a current NOI of $120,000 and a 3.64% cap rate. The property features 50 parking spaces and is zoned LAM1, permitting various commercial and industrial uses, including retail, office, and restaurant options. Electrical upgrades were completed approximately in 2013. The asking price is $3,300,000 ($108.23/sq ft), with a price per unit of $550,000. Its prime location offers easy freeway access (0.2 miles to the 5 Fwy, 1.31 miles to the 170 Fwy, and 4.8 miles to the 101 Fwy), and proximity to the Hollywood/Burbank Airport and the iconic Hollywood Backlot Bungalows ensures high visibility. This is an exceptional chance to capitalize on the growth of North Hollywood's vibrant arts district, entertainment industry, and diverse cultural scene. The property is being sold "as is" by the family trust owner. The current leases are month-to-month gross leases.