North Hollywood, CA 91601,11468 11470 Burbank BLVD
$1,150,000
$1,400,000
17.9%
Est.Price: ?

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4,996 Sqft Lot

11468 11470 Burbank BLVD North Hollywood, CA 91601

Est. payment /mo
SOLD DATE : 04/05/2022

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Key Details

Sold Price $1,150,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 21106807

Sold Date 04/05/22

HOA Y/N No

Year Built 1949

Lot Size 4,996 Sqft

Property Description

he subject property is strategically located on Burbank Boulevard, one of the main thoroughfares of the entire San Fernando Valley providing easy access to and around neighboring cities! Only a few parcels away from the intersection of Burbank Boulevard & Lankershim Boulevard this property is in the heart of the North Hollywood Arts District!The subject property was built in 1949, and is a well maintained 2,702 SF mixed use building imbedded on a 4,998 SF Lot. 11468 Burbank Boulevard is owner occupied consisting of approximately 1,920 SF of retail space, which is currently owner-occupied by Kaplan Electric Inc. The property is equipped with gated access in the rear, great ceiling height, and a double door entry in the rear that provides multiple uses for the new buyer. 11740 Burbank Boulevard stands at 782 SF of office space on a M2M lease and could be delivered vacant at the time of close. This property is ideal for an owner user looking to fully occupy both the retail and office space for their business. An owner/user can also rent a unit as passive income while occupying the other. With limited supply and high demand for mixed use properties in the North Hollywood submarket this rare opportunity is ideal for an owner user looking to take advantage of SBA financing with as little as 10% down!

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAC4

Interior

Fireplace No

Building

Story 1

Others

Tax ID 2350004065

Special Listing Condition Standard

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CRMLS – RECore
Listed by Daniel Hirth KW Advisors
Bought with Saadia 'Sam' Liberow Marcus & Millichap
Oliver Bronfenmajer

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