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10853-10861 Magnolia Blvd 5,050 SF 100% Leased Retail Building North Hollywood, CA 91601 $4,200,000 ($831.68/SF) 6.10% Cap Rate
Executive Summary
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
$4,200,000
Price Per SF
$831.68
Cap Rate
6.10%
NOI
$256,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
LAC4
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
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