11026 Magnolia Blvd - Restaurant FOR SALE


North Hollywood, CA 91601
$2,490,000 USD
818-732-6107
11026 Magnolia Blvd, North Hollywood, CA for Sale
$2,490,000 USD
Restaurant - FOR SALE
1/11
null | Request Cap Rate

11026 Magnolia Blvd
North Hollywood, CA 91601


HIGHLIGHTS

  • NoHo Arts District with lots of foot and street traffic
  • Large patio, open plan, greenery, light

OVERVIEW

PRICE REDUCED! Retail/Restaurant space with ~1200sqft building (kitchen, office, storage, bar/counter, dining) on ~6Ksqft lot and mostly outdoor/patio dining area with bar, lounge, large tree, and water features. Currently has a rustic, tropical and mediterranean vibe. Sold AS IS with existing equipment and furniture. Suitable for owner/user, use as is retail space/restaurant, or great opportunity for an investor/developer. Located in the highly desirable NoHo Arts District and Enterprise Zone with possibility for mixed-use and potential for teardown and multi-story building. For sale by owner. Also open to lease. Currently vacant. Highly motivated seller. Subject to verification, zoning is enterprise mixed use C4-1-CA. Previous tenant carried type 41 beer and wine license that may be available for purchase from third party (separate, unrelated to property owner)

FOR SALE DETAILS

PRICE

$2,490,000 USD

PRICE/SF

$1,947 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,011 SF

ZONING

LAC4

APN/PARCEL ID

2353-006-007,2353-006-008

ASK ABOUT THIS PROPERTY

Dorit JacobyNoHo Property ManagementMore Info
818-732-6107

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Dorit JacobyNoHo Property ManagementMore Info
818-732-6107

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