5152 Lankershim BlvdLos Angeles, CA 91601

Property Details for 5152 Lankershim Blvd

Year built

1937

Property size (Sq ft)

6,002 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents two vacant retail units totaling 6,002 square feet situated on Lankershim Boulevard in the vibrant NoHo Arts District of Los Angeles, California. The property, built in 1937, features 4,200 square feet of net rentable space and sits on a 6,002 square foot lot. Currently vacant, this owner-user opportunity allows for complete customization to suit your business needs. With a list price of $2,599,000, the property boasts a 4.14% cap rate and a net operating income (NOI) of $107,477. The property's prime location offers exceptional visibility and high foot traffic, benefiting from over 50,000 cars passing daily on Lankershim Boulevard. Its proximity to the Metro Red Line station and easy access to the CA-170 and 101 freeways ensure excellent accessibility. The LAC4 zoning provides flexibility for various retail uses. This is a rare chance to establish a strong presence in one of Los Angeles' most dynamic and sought-after neighborhoods, surrounded by thriving businesses and community favorites. The property's address is 5152 Lankershim Blvd, Los Angeles, CA 91601, and the APN is 2353-005-015. The building is a single-story structure with two units.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.1644

Longitude

-118.374

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