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5053 Lankershim Blvd
North Hollywood, CA 91601
5041 Lankershim Blvd. · Land For Sale
·
0.62 AC
Investment Highlights
- FULLY ENTITLED
- EXISTING INCOME
- EASY TRANSPORTATION
- FLEXIBLE ZONING
- TOURIST HOT SPOT
Property Facts
1 Lot Available
Lot
| Lot Size | 0.62 AC |
| Lot Size | 0.62 AC |
Description
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire 5041 Lankershim Blvd (“Property”), a 0.62-acre vacant retail center fully entitled for a 148-key hotel redevelopment project. The Property is also a part of City of Los Angeles’ Housing Element and allows by-right multihousing developments. The Property also has existing income through a parking agreement and generates $6,270 monthly. The lease expires on January 2026 but can be terminated after January 22, 2025 with a 6 month notice prior to the termination date.
Property Taxes
| Parcel Numbers | Improvements Assessment | $792,174 CAD | |
| Land Assessment | $7,719,285 CAD | Total Assessment | $8,511,459 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$7,719,285 CAD
Improvements Assessment
$792,174 CAD
Total Assessment
$8,511,459 CAD
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