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10623 Burbank Blvd 4,991 SF Office Building North Hollywood, CA 91601 $2,144,254 CAD ($429.62 CAD/SF) 5.97% Cap Rate
INVESTMENT HIGHLIGHTS
- Free standing corner building
- Distress Sale
- High Visibility
- High Traffic Count
- Excellent Owner User Investment Opportunity
EXECUTIVE SUMMARY
Don't miss out on this incredible investment opportunity! Presenting a distressed property at the prime corner of Burbank and Willow Crest. This commercial building is a unique find in North Hollywood, one of the most promising neighborhoods on the rise.
This versatile space can be utilized as an "owner-user" property or divided into various stores and offices to rent out separately. Boasting approximately 4,991 square feet of usable area, it currently features 9 offices, 2 restrooms, a media room, and an auditorium that can be easily adapted to any layout you envision.
With its proximity to the 5 and 101 Freeways and Universal Studios, this location is perfect for medical offices or multimedia ventures. Seize this opportunity and unlock the endless potential of this remarkable property! The property had roof leaks from the last rainstorm, damage to the drywall on the ceiling, and copper wire and breakers were stolen recently in a burglary. Make a reasonable offer, and with a possibility for a credit to make repairs.
This versatile space can be utilized as an "owner-user" property or divided into various stores and offices to rent out separately. Boasting approximately 4,991 square feet of usable area, it currently features 9 offices, 2 restrooms, a media room, and an auditorium that can be easily adapted to any layout you envision.
With its proximity to the 5 and 101 Freeways and Universal Studios, this location is perfect for medical offices or multimedia ventures. Seize this opportunity and unlock the endless potential of this remarkable property! The property had roof leaks from the last rainstorm, damage to the drywall on the ceiling, and copper wire and breakers were stolen recently in a burglary. Make a reasonable offer, and with a possibility for a credit to make repairs.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
4,991 SF
Building Class
C
Year Built
1960
Price
$2,144,254 CAD
Price Per SF
$429.62 CAD
Cap Rate
5.97%
NOI
$127,964 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,991 SF
Building FAR
0.80
Lot Size
0.14 AC
Zoning
LAC2 - Commercial
Parking
2 Spaces (0.4 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
- Air Conditioning
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 2415-023-001 | Improvements Assessment | $873,696 CAD |
| Land Assessment | $1,853,758 CAD | Total Assessment | $2,727,454 CAD |
PROPERTY TAXES
Parcel Number
2415-023-001
Land Assessment
$1,853,758 CAD
Improvements Assessment
$873,696 CAD
Total Assessment
$2,727,454 CAD
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10623 Burbank Blvd
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