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6202 Laurel Canyon Blvd 2,926 SF Retail Building North Hollywood, CA 91606 $3,269,000 ($1,117.22/SF) 4.96% Cap Rate
Investment Highlights
- Completely Vacant Single-Tenant Property on a Signalized Corner + 30,000 VPD! For Sale & Lease
- Directly across from NoHo West, a 25 acre mixed use destination anchored by Trader Joe's, Regal Cinemas, LA Fitness, Nordstrom Rack, and Ulta with 700
- Drive thru potential, subject to City of Los Angeles entitlement and approvals, one of the hardest and most valuable approvals to win in LA today
- Signalized hard corner at Laurel Canyon Blvd and Sylvan St moving roughly 30,000 vehicles per day, the site feature QSR, coffee, and convenience brand
- 24 Parking Spaces
- Designated Opportunity Zone, relevant to buyers planning new construction or substantial redevelopment, with potential federal capital gains deferral
Executive Summary
VACANT** For Sale & Lease | Freestanding 2,926 SF former Carl's Jr. pad on a 16,413 SF hard corner lot at the signalized intersection of Laurel Canyon Blvd and Sylvan St in North Hollywood. The site carries roughly 30,000 vehicles per day and sits directly across from NoHo West, a 25 acre mixed use destination anchored by Trader Joe's, Regal Cinemas, LA Fitness, Nordstrom Rack, and Ulta with more than 700 residential units. Adjacent Valley Plaza is being cleared for redevelopment, and a 294 unit apartment project at 12001 W. Victory Blvd is advancing nearby, adding rooftops to the immediate trade area. Ideal for a franchisee, brand, owner user, or developer seeking to own a hard corner at the front edge of a redevelopment corridor with interim income in place.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,926 SF
Building Class
C
Year Built
1972
Price
$3,269,000
Price Per SF
$1,117.22
Cap Rate
4.96%
NOI
$162,000
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.18
Lot Size
0.38 AC
Opportunity Zone
Yes
Zoning
LAP - Commercial
Parking
20 Spaces (6.84 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signalized Intersection
- Drive Thru
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2334-010-024 | Improvements Assessment | $1,559,975 |
| Land Assessment | $3,639,943 | Total Assessment | $5,199,918 |
Property Taxes
Parcel Number
2334-010-024
Land Assessment
$3,639,943
Improvements Assessment
$1,559,975
Total Assessment
$5,199,918
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