11008 Magnolia Blvd - Storefront FOR SALE


North Hollywood, CA 91601
$1,500,000 USD
310-272-7381
11008 Magnolia Blvd, North Hollywood, CA for Sale
$1,500,000 USD
Storefront - FOR SALE
1/12
null | 6% Cap Rate

11008 Magnolia Blvd
North Hollywood, CA 91601


OVERVIEW

The subject property is currently occupied by a post production company as an auxiliary office from their headquarters down the street. Tenant wishes to sign a long term lease, but Seller is leaving the purchase opportunity open to both an owner/user or investor. The building was previously a retail building with storefront glass located in the heart of the NOHO Arts district. Current tenant removed the storefront glass to build out a post production facility with 5 bays, but the glass can be restored. The subject property has an above average parking lot with room for 6 cars. Located on Magnolia between Lankershim and Vineland, the subject property neighbors countless restaurants and bars and is situated amongst one of the most densely populated multi-family parts of greater Los Angeles

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$1,000 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

LAC4

APN/PARCEL ID

2353-006-003

ASK ABOUT THIS PROPERTY

David AschkenasyCommercial Asset Group (CAG)More Info
310-272-7381

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David AschkenasyCommercial Asset Group (CAG)More Info
310-272-7381

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.