11503 Burbank Blvd
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11503 Burbank Blvd
2,930 SF Retail Building North Hollywood, CA 91601 $3,340,583 CAD ($1,140 CAD/SF) 6% Cap Rate
Investment Highlights
- Prime location in North Hollywood, minutes drive to Studio City, Toluca Lake, Valley Village and Burbank
- Long term tenant
- Corner Lot
Executive Summary
Excellent investment opportunity for this commercial retail property in a prime location with great visibility and traffic. This corner property has 10 parking spaces and been occupied by single long term tenant with a Cap Rate of 6%. Business is not included in the sale. This standalone property is conveniently located in prime North Hollywood, minutes away from Toluca Lake, Studio City, Valley Village and Burbank.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$255,983
|
$87.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$255,983
|
$87.37
|
| Taxes |
$7,904
|
$2.70
|
| Operating Expenses |
$5,084
|
$1.74
|
| Total Expenses |
$12,988
|
$4.43
|
| Net Operating Income |
$242,995
|
$82.93
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $255,983 |
| Annual Per SF | $87.37 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $255,983 |
| Annual Per SF | $87.37 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,904 |
| Annual Per SF | $2.70 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $5,084 |
| Annual Per SF | $1.74 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,988 |
| Annual Per SF | $4.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $242,995 |
| Annual Per SF | $82.93 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,930 SF
Building Class
C
Year Built
1970
Price
$3,340,583 CAD
Price Per SF
$1,140 CAD
Cap Rate
6%
NOI
$200,435 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.45
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
C2
Parking
10 Spaces (3.41 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2338-029-001 | Total Assessment | $590,126 CAD (2024) |
| Land Assessment | $360,635 CAD (2024) | Annual Taxes | $7,904 CAD ($2.70 CAD/SF) |
| Improvements Assessment | $229,491 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
2338-029-001
Land Assessment
$360,635 CAD (2024)
Improvements Assessment
$229,491 CAD (2024)
Total Assessment
$590,126 CAD (2024)
Annual Taxes
$7,904 CAD ($2.70 CAD/SF)
Tax Year
2023
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Silver Spoon Properties & Lending
11503 Burbank Blvd
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