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10504 Victory Blvd 1,722 SF Retail Building North Hollywood, CA 91606 $2,212,000 CAD ($1,284.55 CAD/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Stand alone commercial building
- Strong business tenant with long-term lease
- Ample onsite parking, and street parking
EXECUTIVE SUMMARY
NNN investment retail property with long term lease. Laundromat was popularized on the hit tv show "The Wonder Years." Strong tenant with long-term lease in place. Business and equipment not included. Billboard not a part of this real estate nor is it owned by or related to the same selling entity. Buyer must agree to allow for sale and assignment of new business owner should a sale were to occur in the future. Representing broker has some interest (less than majority) in both the real estate and business at this property.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,722 SF
Building Class
C
Year Built
1965
Price
$2,212,000 CAD
Price Per SF
$1,284.55 CAD
Cap Rate
4.50%
NOI
$99,540 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.14 AC
Zoning
C2, Los Angeles
Parking
8 Spaces (4.65 Spaces per 1,000 SF Leased)
Frontage
45’ on Victory Blvd
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
Walk Score®
Very Walkable (78)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
25,439
267,460
508,572
763,110
2029 Population
24,724
260,132
493,872
759,099
2024-2029 Projected Population Growth
-2.8%
-2.7%
-2.9%
-0.5%
Median Age
39.6
38.8
39.6
40.2
College Degree + Higher
28%
34%
36%
27%
Daytime Employees
10,622
147,353
249,029
396,731
Total Businesses
1,433
16,642
30,464
54,651
Average Household Income
$92,258
$97,932
$105,366
$112,469
Median Household Income
$70,011
$73,496
$77,120
$82,595
Total Consumer Spending
$294.3M
$3.4B
$6.6B
$9.5B
2024 Households
8,905
104,488
194,365
290,330
Average Home Value
$762,092
$828,538
$865,807
$894,185
$ values in USD
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2414-020-010 | Improvements Assessment | $268,660 CAD |
| Land Assessment | $921,128 CAD | Total Assessment | $1,189,788 CAD |
PROPERTY TAXES
Parcel Number
2414-020-010
Land Assessment
$921,128 CAD
Improvements Assessment
$268,660 CAD
Total Assessment
$1,189,788 CAD
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10504 Victory Blvd
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