5114 Vineland Ave - Storefront Retail/Residential FOR SALE


North Hollywood, CA 91601
$2,295,000 USD
818-484-7720
5114 Vineland Ave, North Hollywood, CA for Sale
$2,295,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | 6.58% Cap Rate

5114 Vineland Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • *Turnkey Income/ Cash Flow with Future Upside
  • *Flexible Tenancy / MTM or Long-Term Leaseback
  • *Significant Future Redevelopment Upside as NoHo continues to surge Strong Market & Demographics
  • *Metro Expansion Project

OVERVIEW

Price Improvement! Bring all reasonable offers! Step into a rare opportunity to acquire a fully leased mixed-use commercial property in the heart of the North Hollywood Arts District. 5112 & 5114 Vineland Ave offers a unique opportunity for an Owner-User and/or Investor to immediately generate income upon the close of Escrow! Offering ±2,469 SF across two contiguous buildings with two APN’s for a total lot size of ±4,999 SF, this asset provides a generous return and strong long-term upside. Together, they create a rare dual-parcel opportunity. Unit mix: 2 retail accessed from Vineland Ave. and 1 residential at the rear (can all be combined or kept separate). Although currently 100% leased by strong a performing Tenant (owner occupied on MTM), the C-4 Zoning supports a wide range of retail, medical, veterinary, and other creative uses in addition to future redevelopment potential! See site plans attached. This opportunity is ideal for anyone seeking a stable income with a vision to potentially develop in a high-growth corridor. Seller is Flexible with terms (Tenant is willing to sign a longer term lease or continue month-to-month for a potential owner occupancy or a developer). This Unique opportunity offers the ability to offset holding costs during potential entitlement phase for a developer. Surrounded in the epicenter of North Hollywood’s vibrant Arts District, this property benefits from a blend of dining, entertainment and residential areas, contributing to a highly sought-after location with consistent commercial demand. The property has excellent street visibility & signage, rear alley access, and with close proximity to public transit and green space, the upcoming LA Metro Expansion Project with North Hollywood to Pasadena BRT (Bus Rapid Transit) will only solidify the consistent demand in the neighborhood. Please Note: PLEASE NOTE, Seller is also willing to entertain the sale of 50% of the property - inquire via Loopnet/CoStar if you have any questions as we understand this unique opportunity may require further clarification! Buyer and/or Buyer’s Representative are encouraged to perform their own due diligence with the city for current and future zoning uses. Please reach out to the Listing Agent(s) with any questions. PLEASE DO NOT walk onto the property or into the place of business to inquire. PLEASE DO NOT call the Tenant’s place of businesses to inquire. The best and quickest way to receive a response to your inquiry is to send an email to the Listing Agent(s) or a direct inquiry via this database.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$930 USD /SF

CAP RATE

6.58%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5112 & 5114 Vineland Ave. North Hollywood

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

LAC4

APN/PARCEL ID

2419-002-001,2419-002-014

ASK ABOUT THIS PROPERTY

Tania AdaryArchetype Commercial RealtyMore Info
818-484-7720

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Tania AdaryArchetype Commercial RealtyMore Info
818-484-7720

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