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10853-10861 Magnolia Blvd 5,050 SF 100% Leased Retail Building North Hollywood, CA 91601 $3,500,000 ($693.07/SF) 5.46% Cap Rate
Investment Highlights
- Prime North Hollywood location along Magnolia Boulevard in the NOHO district.
- Approximately 111 feet of frontage provides visibility and street presence.
- Surrounded by retail, dining, entertainment, and residential development.
- Fully leased multi-tenant retail asset with established occupancy.
- Positioned within an Opportunity Zone.
- On-site parking supports tenant and customer convenience.
Executive Summary
Price reduced. Great investment opportunity in prime NOHO location with upside.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,050 SF
Building Class
C
Year Built
1964
Price
$3,500,000
Price Per SF
$693.07
Cap Rate
5.46%
NOI
$191,182
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
LAC4 - Commercial
Parking
20 Spaces (3.96 Spaces per 1,000 SF Leased)
Frontage
111’ on Magnolia Blvd
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2416-005-020 | Improvements Assessment | $285,600 |
| Land Assessment | $2,244,000 | Total Assessment | $2,529,600 |
Property Taxes
Parcel Number
2416-005-020
Land Assessment
$2,244,000
Improvements Assessment
$285,600
Total Assessment
$2,529,600
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10853-10861 Magnolia Blvd