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10452 Magnolia Blvd 9,760 SF 1% Leased Retail Building North Hollywood, CA 91601 $3,500,000 ($358.61/SF)
INVESTMENT HIGHLIGHTS
- Corner retail Free standing building with a duplex on the side
- 7 electrical meters
- currently striped for 24-27 parking spaces
- Alley Access with open courtyard
EXECUTIVE SUMMARY
Prime Noho major street corner property few blocks East of NoHo Arts district and 2 blocks West of City of Burbank. The property also includes a Duplex on the Strohm street side occupied and generating approx. $40,000 annual income. Currently striped for 24-27 parking spaces. Alley access with 4 roll up doors. 7 electrical meters. Prime for Residential affordable housing 7-stories approx. 74 units (please verify with City of LA Planning & zoning and Building and Safety departments). open air secured fenced & gated courtyard.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,760 SF
Building Class
C
Year Built
1941
Price
$3,500,000
Price Per SF
$358.61
Percent Leased
1%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.51
Lot Size
0.44 AC
Zoning
[Q]C2-1VL - Reported to be C2-1VL-Q. which includes all R4 uses too. Please verify with LADBS & LA City Planning Department. mixed use Residential and Retail.
Parking
27 Spaces (2.42 Spaces per 1,000 SF Leased)
Frontage
179’ on Magnolia Blvd
AMENITIES
- Pylon Sign
- Signage
- Monument Signage
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2419-021-010 | Improvements Assessment | $628,023 |
| Land Assessment | $1,331,415 | Total Assessment | $1,959,438 |
PROPERTY TAXES
Parcel Number
2419-021-010
Land Assessment
$1,331,415
Improvements Assessment
$628,023
Total Assessment
$1,959,438
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Presented by
DIVA Real Estate Group, Inc.
10452 Magnolia Blvd
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