5318-5320 Laurel Canyon Blvd - Loft/Creative Space FOR SALE


North Hollywood, CA 91607
$2,350,000 USD
818-519-1429
5318-5320 Laurel Canyon Blvd, North Hollywood, CA for Sale
$2,350,000 USD
Loft/Creative Space - FOR SALE
1/21
null | Request Cap Rate

5318-5320 Laurel Canyon Blvd
North Hollywood, CA 91607


HIGHLIGHTS

  • Owner-user Opportunity: Existing vacancies and month-to-month tenants allow for immediate occupancy and full control over build-out
  • Value-add upside: Current in-place rents average approximately $2.54/ SF/month, with market potential of ±$2.98/SF/month
  • Rooftop signage income potential: Prominent roof sign provides potential for supplemental revenue and visibility along Laurel Canyon
  • Recent renovations: Move-in-ready suites reduce stabilization costs and minimize downtime between tenancies
  • Parking advantage: Seven on-site spaces for a 1.12/1,000 SF ratio, rare for small office and storefront properties in this corridor
  • High-visibility corridor: Storefront exposure on Laurel Canyon Boulevard with ±31,000 VPD

OVERVIEW

Matthew Luchs of Zacuto Group is pleased to exclusively present 5318–5322.5 Laurel Canyon Boulevard, a ±5,775 SF mixed-use retail and office property situated on a ±4,625 SF C2-zoned lot in Valley Village, CA. Built in 1946 and recently updated, the building combines highly visible ground-floor retail storefronts with efficient ground floor and second-floor office suites, offering versatile layouts well-suited for medical, creative, boutique retail, and professional service users. Currently 48% occupied, the property provides flexibility for both investors and owner-users. The existing rent roll is composed primarily of full-service gross leases, with six tenants operating on month-to-month commitments. This structure creates an immediate opportunity for an owner-user to occupy space while leveraging SBA financing and offsetting costs through existing income, or for an investor to pursue a straightforward re-tenanting and stabilization plan at market rents. The asset benefits from strong fundamentals, including prime exposure along Laurel Canyon Boulevard with approximately 31,697 vehicles passing daily, a prominent rooftop sign with potential to generate recurring advertising revenue, and seven surface parking spaces that enhance tenant and customer convenience. Its location offers excellent connectivity with immediate access to the 101 and 170 freeways, as well as proximity to the Metro B Line (Red) North Hollywood Station, a major regional transit hub. The surrounding area is anchored by a dense and affluent residential base and a strong daytime population drawn from the NoHo Arts District, the NoHo West lifestyle center, and major nearby studio campuses such as Universal, Warner Bros., and CBS Radford. These drivers create consistent demand for retail, office, and service-based uses. With its combination of visibility, income diversification, and near-term leasing upside, 5318–5322.5 Laurel Canyon Boulevard represents a rare opportunity to acquire a well located asset in a thriving infill corridor. The property is an ideal fit for an owner-user seeking flexibility and long-term growth or for an investor looking to reposition and stabilize a proven neighborhood asset.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$346 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C2-1

APN/PARCEL ID

2348-016-042,2348-016-051

ASK ABOUT THIS PROPERTY

Matthew LuchsZacuto GroupMore Info
818-519-1429

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

Matthew LuchsZacuto GroupMore Info
818-519-1429

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