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Investment Highlights

  • Stable In-Place Income: 100% occupied
  • Upside: Rent growth, owner-user conversion, expense optimization
  • Tenant Mix: 1 long-term lease + 2 month-to-month tenants
  • Flexible C2-1 zoning allowing a wide range of commercial uses

Executive Summary

Rare opportunity to acquire a freestanding commercial building that can be delivered vacant in one of North Hollywood's most desirable commercial corridors. Offered at approximately $400 per square foot, this versatile 3,247 SF single-story property features flexible C2-1 zoning suitable for office, creative, medical, or select retail uses.
Versatile commercial property that can be delivered vacant in a prime North Hollywood location. The property features three suites, including a fully equipped commercial kitchen, private offices, abundant storage, outdoor shared patio access, and five on-site parking spaces. Recent capital improvements include a new roof, upgraded copper plumbing, HVAC ducting, and a new electrical panel—minimizing near-term ownership costs. The tenancy mix provides both income stability and flexibility, with one long-term lease in place through 2028 and two month-to-month tenants. All leases are structured as gross leases. The property is well-suited for an owner-user or investor seeking cash flow with repositioning potential in one of the Valley’s most active commercial corridors.

Attachments

Floor plan

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $99,360 $30.60
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,360 $30.60
Taxes $18,148 $5.59
Operating Expenses $14,000 $4.31
Total Expenses $32,148 $9.90
Net Operating Income $67,212 $20.70

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $99,360
Annual Per SF $30.60
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,360
Annual Per SF $30.60
Taxes
Annual $18,148
Annual Per SF $5.59
Operating Expenses
Annual $14,000
Annual Per SF $4.31
Total Expenses
Annual $32,148
Annual Per SF $9.90
Net Operating Income
Annual $67,212
Annual Per SF $20.70

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,247 SF
Building Class
C
Year Built
1939
Price
$1,299,900
Price Per SF
$400.34
Cap Rate
4.66%
NOI
$60,575
Percent Leased
21%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,247 SF
Slab To Slab
11’
Building FAR
0.68
Lot Size
0.11 AC
Zoning
C2-1, City of L.A. - intended to permit a wide range of retail and commercial services, professional offices, and medical facilities.
Parking
5 Spaces (1.54 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Signage
  • Kitchen
  • Open-Plan
  • Partitioned Offices
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Philly Boyz LLC
  • -
  • 905 SF
  • $36.00
  • Modified Gross
  • Nov 2025
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Philly Boyz LLC - 905 SF $36.00 Modified Gross Nov 2025
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
2337-001-006
Land Assessment
$955,087
Improvements Assessment
$530,604
Total Assessment
$1,485,691
Annual Taxes
$18,148 ($5.59/SF)
Tax Year
2025
  • Listing ID: 39290723

  • Date on Market: 2/2/2026

  • Last Updated:

  • Address: 6045-6047 Vineland Ave, North Hollywood, CA 91606

Contact the Sale Advisor

6045-6047 Vineland Ave

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