6025 Laurel Canyon Rd - 6025 Laurel Canyon Blvd

*** ALL SHOWINGS BY APPOINTMENT ONLY - DO NOT DISTURB TENANTS - CONTACT AGENT FOR DETAILS ****
RE/MAX One Commercial is proud to present to the market for the first time in over 40 years the opportunity to acquire 6025 Laurel Canyon Blvd located in the highly sought after San Fernando Valley neighborhood of North Hollywood. The Offering consists of an approximate 1,800 SF retail office building situated on an approximate 27,857 SF of commercial land zoned LAC2 & R4. The two parcel assemblage is located immediately off the Oxnard St exit of the 170 Fwy and is directly adjacent to the freeway off ramp which provides a heightened amount of visibility to the +/- 44,000 daily commuters exiting the freeway off ramp daily. The property is strategically positioned on Laurel Canyon Blvd, just three parcels north of the signalized intersection at Laurel Canyon Blvd and Oxnard St which receives +/- 35,000 VPD. Laurel Canyon Blvd is one of the busiest retail thoroughfares in the San Fernando Valley area providing residents easy access to retail shopping, fine dining, entertainment & night life.
*** DEVELOPERS & VALUE ADD INVESTORS ****
The property's strategic location on Laurel Canyon Blvd makes this an ideal investment opportunity for Multi-Family Developers & Value Add Investors, looking for a strong location for their next development project in the North Hollywood/San Fernando Valley area. The LAC2/R4 zoning allows for a developer to build up to 64 units by right, and the ability to build up to 104 units by utilizing the Tier 1 TOC density bonus. The property is a strong candidate for a value add developer to reposition for a single tenant NNN lease due to the size of the lot and the proximity to the freeway exit ramp with 44,000 VPD exiting the freeway off ramp daily.
*** OWNER USERS ***
The property's A+ location on Laurel Canyon Blvd with heightened visibility combined with it's favorable zoning which allows for a multitude of different business types, makes this an extremely rare & attractive investment opportunity for Owner Users looking for a location to operate their business from in the North Hollywood area. The property can continue to be operated as a used car dealership/auto repair facility or can be repositioned into another retail use with high parking requirements such as medical or retail restaurant. The property is perfect for business types that operate and manage a fleet of vehicles such as an electricians, plumbers, construction, ambulance companies, etc.
The city of North Hollywood has transformed into the San Fernando Valley’s arts and cultural hub over the last decade with an influx of small business owners and investors showing their confidence in the neighborhood. The immediate area has experienced a significant wave of large mixed use commercial development projects over the past 10 years with several more in the pipeline scheduled for delivery over the next few years. The newly developed NOHO West shopping mall is located directly across the street from the property with major retailers such as Trader Joe’s, Regal Cinema’s, LA Fitness, Ulta and many more.