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11008 Magnolia Blvd
North Hollywood, CA 91601
Retail Property For Sale
Executive Summary
The subject property is currently occupied by a post production company as an auxiliary office from their headquarters down the street. Tenant wishes to sign a long term lease, but Seller is leaving the purchase opportunity open to both an owner/user or investor. The building was previously a retail building with storefront glass located in the heart of the NOHO Arts district. Current tenant removed the storefront glass to build out a post production facility with 5 bays, but the glass can be restored. The subject property has an above average parking lot with room for 6 cars. Located on Magnolia between Lankershim and Vineland, the subject property neighbors countless restaurants and bars and is situated amongst one of the most densely populated multi-family parts of greater Los Angeles
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
1,500 SF
Building Class
C
Year Built
1949
Price
$1,500,000
Price Per SF
$1,000
Cap Rate
6%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Lot Size
0.07 AC
Zoning
LAC4
Parking
1 Spaces (0.5 Spaces per 1,000 SF Leased)
Frontage
188’ on magnolia Ave
Property Taxes
| Parcel Number | 2353-006-003 | Improvements Assessment | $417,580 |
| Land Assessment | $796,478 | Total Assessment | $1,214,058 |
Property Taxes
Parcel Number
2353-006-003
Land Assessment
$796,478
Improvements Assessment
$417,580
Total Assessment
$1,214,058
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