6450 Bellingham Ave - Storefront Retail/Office FOR SALE


North Hollywood, CA 91606
$2,650,000 USD
805-338-9232
6450 Bellingham Ave, North Hollywood, CA for Sale
$2,650,000 USD
Storefront Retail/Office - FOR SALE
1/17
null | 3.94% Cap Rate

6450 Bellingham Ave
North Hollywood, CA 91606


HIGHLIGHTS

  • Prime Mixed Use Owner User / Investment Opportunity
  • Irreplaceable North Hollywood Location
  • Incredible 7.63% pro forma cap rate
  • Users occupying 51% or more can obtain 10% down SBA financing
  • Flexible for variety of uses with spacious ground floor retail and second story executive offices

OVERVIEW

NAI CAPITAL COMMERCIAL IS PLEASED TO PRESENT 6450 BELLINGHAM AVE, a nicely maintained neighborhood commercial building in prime North Hollywood. The approximately 10,500 SF asset consists of two stories of office over retail, with a total of seven tenant suites. The in-line building rests near the corner of Bellingham Ave and Hamlin St, and enjoys the benefits of being positioned within the larger plaza association, consisting of Target, Ross, Burlington, The US Postal Service, and a wide variety of local retailers. 6450 Bellingham is ideally located within the heart of North Hollywood, one of the San Fernando Valley’s most up and coming areas. The property is located directly off the 170 Freeway just a few blocks west of the NoHo Arts District, and less than one mile from NoHo West, which features 470 living units, 500,000 SF of office space and 190,000 SF of retail. In addition, the property is located within a Qualified Opportunity Zone, making it an ideal opportunity for future development. With short term leases in place, the property offers incredible flexibility to a new owner user to occupy up to within the first year of ownership, while enjoying the benefit of income from the remaining tenants. Qualifying owner users seeking to occupy 51% or more of the building can obtain SBA financing with as little as 10% down payment.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$252 USD /SF

CAP RATE

3.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

C2-1, Los Angeles

APN/PARCEL ID

2322-006-029

ASK ABOUT THIS PROPERTY

Rose O'SullivanNAI CapitalMore Info
805-338-9232

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Rose O'SullivanNAI CapitalMore Info
805-338-9232

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