This multi-tenant retail property at 4869-4873 Lankershim Boulevard presents a compelling investment opportunity at the epicenter of North Hollywood's transformation into the San Fernando Valley's premier urban destination. The 4,556-square-foot building sits on a 7,503-square-foot lot with LAC4 zoning and four parking spaces, offering flexibility for investors seeking stable income or owner-users looking to occupy a prime Arts District location. With two occupied tenants generating immediate cash flow and one vacant unit ready for lease-up, the property delivers both current income and near-term upside potential through stabilization. The property's strategic positioning on Lankershim Boulevard places it within walking distance of the North Hollywood Metro Station, providing direct subway and BRT access to Universal Studios, Hollywood, and Downtown Los Angeles. This exceptional transit connectivity, combined with the surrounding cultural density of over 31 professional theaters, creates a vibrant retail environment that attracts both residents and visitors to the walkable Arts District. Over $1 billion in recent institutional investments—including NoHo West, District NoHo, and the Lankershim + Ostego mixed-use development—signals sustained market momentum and positions the property to benefit from continued appreciation as the submarket matures. Trade area demographics reinforce the location's retail fundamentals, with 242,336 residents within three miles, an average household income of $114,839, and 43.1% of households earning over $100,000 annually. Major employers including Walt Disney Records, Universal Studios, and Kaiser Foundation Hospitals provide a stable employment base that supports consistent consumer spending, while the area's appeal to young professionals ensures continued demand for the retail and entertainment amenities that define the NoHo Arts District.