5318-5320 Laurel Canyon Blvd - Loft/Creative Space FOR SALE
North Hollywood, CA 91607 |
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
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Loft/Creative Space
ADD'L SUBTYPES
Storefront Retail/Office
TOTAL BUILDING SIZE
5775
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1961
SPRINKLERS
-
PARKING SPACES
7
LAND DETAILS
LAND ACRES
0.11 AC AC
LAND SF
4,792 SF
ZONING
-
APN/PARCEL ID
2348-016-020,2348-016-042,2348-016-051
