Property listed by Prestige Beverly Hills, Nick Nekoo 818-448-5656
11482 Burbank Boulevard
North Hollywood, CA 91601
Square Ft.
1,125
$1,115,000
Absolute NNN with actual 5% CAP and 23-unit mixed-use redevelopment potential. Freestanding restaurant building on a high-traffic stretch of Burbank Blvd in North Hollywood. 100% leased under an absolute triple-net (NNN) lease through 12/31/2029 with a 60-month renewal option. Contractual rent growth is locked in via a Fixed Rental Adjustment… Read More schedule. Building constructed in 2014. LAC4 zoning with confirmed Transit Oriented Communities (TOC) Tier 3 status and no minimum parking requirement under state law (AB 2097). Approximately 0.5 miles to the North Hollywood Metro Station (B/Red Line + G/Orange Line). This is a living trust sale -- no court confirmation required. The adjacent parcel at 11486 Burbank Blvd is separately available; combined, the two contiguous parcels support up to 23 mixed-use units across 6 stories under confirmed TOC Tier 3 zoning. Read Less
Listing Snapshot
Days Online
4
Last Updated
Property Type
MixedUse
Square Ft.
1,125
Lot Size
0.06 Acres
Year Built
2014
MLS Number
SR26207014
Additional Details
Building
Built in 2014, 1 building, 1 storey, Entry level: 1
Income
Gross ScheduledIncome: $55,620, Net Operating Income: $55,620
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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