5148-5152 Lankershim Blvd
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5148-5152 Lankershim Blvd
4,200 SF 100% Leased Retail Building North Hollywood, CA 91601 $3,731,878 CAD ($888.54 CAD/SF) 4.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime NoHo Arts District Location!
- High Traffic Count on Lankershim Blvd.
- 2 Commercial/Retail Spaces! C4 Zoning!
- Owner Occupied Opportunity!
- Excellent Frontage on Lankershim Blvd.
- Delivered Vacant!
EXECUTIVE SUMMARY
PRIME NORTH HOLLYWOOD ARTS DISTRICT LOCATION! Excellent OWNER/USER OPPORTUNITY! Excellent Frontage (56 Feet) on Lankershim Blvd. 4,200 Square Feet of Commercial Retail Space! C4 Zoning! 5 Parking Spaces! Delivered Vacant! A/C! High Foot Traffic, High Ceilings!
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$217,107
|
$51.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,513
|
$1.55
|
| Effective Gross Income |
$210,593
|
$50.14
|
| Taxes |
$47,564
|
$11.32
|
| Operating Expenses |
$9,620
|
$2.29
|
| Total Expenses |
$57,184
|
$13.62
|
| Net Operating Income |
$153,409
|
$36.53
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $217,107 |
| Annual Per SF | $51.69 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,513 |
| Annual Per SF | $1.55 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $210,593 |
| Annual Per SF | $50.14 |
| Taxes (CAD) | |
|---|---|
| Annual | $47,564 |
| Annual Per SF | $11.32 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,620 |
| Annual Per SF | $2.29 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $57,184 |
| Annual Per SF | $13.62 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $153,409 |
| Annual Per SF | $36.53 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
4,200 SF
Building Class
C
Year Built
1937
Price
$3,731,878 CAD
Price Per SF
$888.54 CAD
Cap Rate
4.11%
NOI
$153,346 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.69
Lot Size
0.14 AC
Zoning
C4, Los Angeles - C4
Parking
4 Spaces (0.95 Spaces per 1,000 SF Leased)
Frontage
56’ on Lankershim Blvd
AMENITIES
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2353-005-015 | Total Assessment | $382,920 CAD |
| Land Assessment | $231,614 CAD | Annual Taxes | $47,564 CAD ($11.32 CAD/SF) |
| Improvements Assessment | $151,306 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2353-005-015
Land Assessment
$231,614 CAD
Improvements Assessment
$151,306 CAD
Total Assessment
$382,920 CAD
Annual Taxes
$47,564 CAD ($11.32 CAD/SF)
Tax Year
2024
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5148-5152 Lankershim Blvd
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