LAC2 zoning, corner property great for future development, Exceptional investment opportunity awaits in one of most sought-after neighborhoods. This five unit building, ideally situated near the vibrant shops and restaurants presents a unique opportunity for investors, buyers and builders. Comprised of three 2 bedrooms and two 1 bedrooms and 5 parking spaces. The true potential can be seen with current rental market values in the neighborhood. Tenants are month-to-month, pay rent on time and will remain in place. Seller sates building needs retrofitting within next 2 months and the cost is around $40k.
Welcome to your new home in the heart of a vibrant community! This spacious and very well-maintained 2-bedroom, 2-bathroom home is more than just a condominium, it's a place where your family can thrive. Home features brand new carpet throughout, living room has recessed lighting, central air and gas fireplace, Kitchen features tile flooring, granite countertops, gas range oven, dishwasher, microwave and disposal. Master Bedroom features ceiling fan, walk-in closet, cable ready connections, master bathroom with a walk-in tub, wall tile, granite countertops and exhaust fan. There are also washer and dryer hookups located in the closet by the kitchen. Education is a top priority, and this home is surrounded by high-performing schools. Just a short drive away, you'll find Fair Avenue Elementary, which has a School for Advanced Studies (SAS), and Burbank Boulevard Elementary Gifted Global Learning Magnet. For middle school, the highly acclaimed Walter Reed Middle School is just 3.6 miles away. And if you're looking for a program tailored for highly gifted students, the Individualized Honors Program (IHP) is right here, making quality education a breeze for your family. Nearby, there's an array of high-performing schools like The Science Academy STEM Magnet, Roy Romer Middle Gifted/Humanities Magnet, and North Hollywood High School, offering various specialized programs such as a Highly Gifted Magnet, STEM Magnet, Biological Sciences/Zoo Magnet, and SAS program. Education doesn't stop after high school, and the closest community college, Los Angeles Valley College, is a mere 2.5 miles away. This college even offers K-12 Dual Enrollment. Your new home is an investment in your family's future. Enjoy modern amenities, secured gated entry, gym, meeting room, rooftop patio with breathtaking views, and enclosed underground parking with two assigned spaces very close to the elevator. With easy access to major studios, the Hollywood Freeway, close by shopping and dining options just a mile to the contemporary NOHO WEST, home to Trader Joe’s, Nordstrom Rack, Regal Cinemas & 30+ other shops. Call now to schedule a viewing and make this education-centric community your own!!! This property can't be missed!!!
Exceptional and rare Investment opportunity with this 7-unit building in North Hollywood, spanning 4,081 Sqft and situated on a 7,882 Sqft lot. Each unit in the building offers a 1 bedroom and 1 bathroom layout. The consistent unit configuration across the property ensures ease of management and appeals to a broad rental market. The LARD1.5 zoning enhances the property’s value, offering potential for future development. It’s a unique blend of current stability and future growth prospects. Located in a vibrant neighborhood, this property benefits from its strong rental demand, making it an attractive investment choice. The current capitalization rate (cap rate) stands at 4.5%, indicating a healthy return on investment. Additionally, the potential for a pro forma cap rate of approximately 9.2% showcases the significant upside potential of this investment. This property is not just an asset, but a gateway to long-term financial growth and success in the real estate market. It’s ideal for investors seeking a balanced combination of immediate income and potential for value appreciation.
Versatile Commercial Lease Opportunity at 5006-5010 Lankershim Blvd, North Hollywood (Monthly rent and Build out costs are all negotiable) Welcome to a unique commercial space with a rich history, ideally situated on the vibrant Lankershim Blvd in North Hollywood. This property, formerly a renowned comedy club, presents an exciting leasing opportunity for a variety of businesses seeking a prime location with character and versatility. **Key Features:** 1. **Historic Charm:** This property carries the nostalgic charm of its previous life as a comedy club, offering a distinctive atmosphere for businesses looking to stand out. 2. **Flexible Usage:** While it has a comedic past, this space is adaptable to a wide range of uses with a square footage of 3252 sqft.. Whether you envision it as a retail store, restaurant, storage facility, or any other creative concept, the open layout and versatile design allow for easy customization. 3. **High Visibility:** Lankershim Blvd is a bustling thoroughfare known for its vibrant commercial activity. Your business will benefit from high visibility and foot traffic, contributing to its potential success. 4. **Ample Space:** The property boasts ample square footage, providing room for various business operations. With well-distributed spaces, it allows for efficient layout planning to suit the specific needs of your venture. 5. **Strategic Location:** Nestled in the heart of North Hollywood, this property is surrounded by a diverse community and is easily accessible. It's strategically positioned to attract both local residents and visitors, ensuring a broad customer base. 6. **Parking Facilities:** Convenience is key. The property includes dedicated parking facilities in the rear, ensuring that your customers have easy access to your business. This commercial space on Lankershim Blvd presents a rare opportunity to blend the historic charm of a comedy club with the adaptability needed for modern businesses. Whether you're launching a new restaurant concept, opening a retail store, or creating an innovative space, this property invites you to make your mark on one of North Hollywood's most iconic streets. Contact us today to schedule a viewing and explore the endless possibilities this unique property has to offer. Owners are willing to partner with a tenant to build out what the tenant wants in a facility.
Business has been established for past 23 years, current owner has been operating for past 16 years. Business name Boba Loca has been serving North Hollywood area with Boba, Smoothies, Shakes, Fraps, Slush, Ice Cream, Hot & Cold Beverages ... in a very busy strip center. Location has full kitchen with legal Stove & Hood which is a plus for new owner to serve hot food.
Welcome to North Hollywood Terrace. Beautifully landscaped complex located on a quiet cul-de-sac. Single story, first floor 2BR+2BA light and bright condo features new laminated floors, new paint, plenty of closet space, updated bathrooms. The master bedroom has a large balcony. Additional features include tiled bathrooms, recessed lighting, crown moldings, smooth ceilings, central air and heat. The unit has 2 side by side carport parking with two big storages. 3 Saltwater pool areas, children's gated playground, and large recreation room. Close to major freeways, restaurants, shops & walking distance to a movie theater and LA Fitness. READY TO MOVE IN!!!
This is a sale for a well-established and profitable banquet hall business located in North Hollywood. The business has a strong reputation for exceptional customer service and has built a loyal client base over the years. The hall boasts a spacious and elegant ballroom that can accommodate up to 200 guests, with an existing 5 year lease term. The hall features a dazzling, custom commissioned glass ceiling that spans an impressive 60 feet. With its high ceilings and lack of columns, the look of the hall combines contemporary sophistication with European elegance. This beautiful building has been fully renovated with custom draperies, state of the art lighting, custom moldings and columns, lighted dance floor, and immense sparkling chandeliers. The business partners with a valet company for customer/guest parking. The sale includes all fixtures, equipment, and inventory. The new owner will have the opportunity to continue to grow the business and take advantage of the high demand for event venues in the area. This is a turnkey opportunity for someone looking to enter the lucrative event industry or expand their current business. Don't miss out on the chance to own this impressive and profitable banquet hall business!
MAJOR PRICE REDUCTION!! Great investment opportunity. Each unit is very spacious. The 3 + 1.5 unit is downstairs with a fireplace and its own private fenced in yard. 4 car covered carport plus additional parking space. Shared laundry room. The property is security fenced including the parking area. Check out the large lot size and the total Sq.Ft. of the building. Long time owners have kept rents low allowing for plenty of upside income potential. Located on the corner of Oxnard St. not a heavy traffic location.
If it says "ACTIVE" it is "ACTIVE." Attention investors, builders, and developers! Four-plex rare opportunity on a corner lot 9,000 Sqft. Zoning LARD3-1, with an incredible opportunity to build up to 18 units, or you can choose to build 2 ADUs, one in each two-car garage. Currently, there are a total of 4 units, each offering 1 bed and 1 bath. Each unit has a reserved parking space, and electric and gas meter. Buy it and start building a new 14,400 Sqft 3-story complex with 18 units and 36 bedrooms! Just minutes from the Bob Burbank Airport, Hollywood, and Universal Studios, the newly built NOHO West Shopping Plaza; is one of the area's latest developments where you can find the Regal movie theatre, Trader Joe’s, Starbucks, restaurants, boutiques, etc. Per Zimas.lacity.org, the property is an "Eligible Site ED 1" and may be applied to a shelter or 100% Affordable Housing Project on the site. Eligible projects receive expedited processing, clearances, and approvals through the ED 1 Ministerial Approval Process.
Two story commercial building in the heart of the NoHo arts district, a perfect location that is very desirable. This property features two stories with the first floor having a large open area that would be perfect for, office, show room, bullpen area, studio, restaurant or any creative use. In addition there is a large warehouse or additional open space and a conference room. Upstairs there is a 1 bedroom complete apartment that may be converted into additional offices or a working studio. The building has ally access and pass through access on the complete property through Magnolia. This area boasts industries as film, production; editing, industry agencies and photography just to name a few. This property features street access and rear accessibility for vehicles.
Calling Investors and First Time Home Buyers, property features 3 bedrooms and 1 bath, the house needs TLC, perfect for a contractor or investor who desire to make much more of it. Great opportunity to add your personal touch. Located in the desirable area of North Hollywood adjacent to Sun Valley and minutes to Bob Hope airport, and close to 170 fwy.
6729 Babcock Ave, North Hollywood, CA 91606 is a vacant land home with size of 6224 sqft. Great Opportunity for all Investors and Developers. Rare opportunity awaits you in North Hollywood. This Property is being sold as-is land value.
The median home value in North Hollywood, CA is $842,500. The national median home value is $219,700. The average price of homes sold in North Hollywood, CA is $842,500. North Hollywood real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a North Hollywood real estate agent to arrange a tour today!