5041 Lankershim BlvdLos Angeles, CA 91601
- Other commercial real estate
- 0.62 AC
Property Details for 5041 Lankershim Blvd
- Lot size
- 0.62 AC
- Property type
- Other commercial real estate
- Property subtype
- Other land
Description
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.
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.1619
- Longitude
- -118.373
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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