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6045-6047 Vineland Ave 3,247 SF 21% Leased Office Building North Hollywood, CA 91606 $2,014,926 CAD ($620.55 CAD/SF) 4.18% Cap Rate



Investment Highlights
- Stable In-Place Income: 100% occupied
- Upside: Rent growth, owner-user conversion, expense optimization
- Tenant Mix: 1 long-term lease + 2 month-to-month tenants
- Flexible C2-1 zoning allowing a wide range of commercial uses
Executive Summary
Versatile creative commercial property in a prime North Hollywood location. Situated near the intersection of Vineland and Oxnard, this 3,247 SF single-story building offers flexible C2-1 zoning suitable for office, creative, or select retail uses. The property features three suites, including a fully equipped commercial kitchen, private offices, abundant storage, outdoor shared patio access, and five on-site parking spaces. Recent capital improvements include a new roof, upgraded copper plumbing, HVAC ducting, and a new electrical panel—minimizing near-term ownership costs. The tenancy mix provides both income stability and flexibility, with one long-term lease in place through 2028 and two month-to-month tenants. All leases are structured as gross leases. The property is well-suited for an owner-user or investor seeking cash flow with repositioning potential in one of the Valley’s most active commercial corridors.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$138,081
|
$42.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$138,081
|
$42.53
|
| Taxes |
$25,220
|
$7.77
|
| Operating Expenses |
$19,456
|
$5.99
|
| Total Expenses |
$44,676
|
$13.76
|
| Net Operating Income |
$93,405
|
$28.77
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $138,081 |
| Annual Per SF | $42.53 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $138,081 |
| Annual Per SF | $42.53 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,220 |
| Annual Per SF | $7.77 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,456 |
| Annual Per SF | $5.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $44,676 |
| Annual Per SF | $13.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $93,405 |
| Annual Per SF | $28.77 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,247 SF
Building Class
C
Year Built
1939
Price
$2,014,926 CAD
Price Per SF
$620.55 CAD
Cap Rate
4.18%
NOI
$84,210 CAD
Percent Leased
21%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,247 SF
Slab To Slab
11’
Building FAR
0.68
Lot Size
0.11 AC
Zoning
C2-1, City of L.A. - intended to permit a wide range of retail and commercial services, professional offices, and medical facilities.
Parking
5 Spaces (1.54 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Kitchen
- Open-Plan
- Partitioned Offices
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Philly Boyz LLC
- -
- 905 SF
- $50.03 CAD
- Modified Gross
- Nov 2025
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Philly Boyz LLC | - | 905 SF | $50.03 CAD | Modified Gross | Nov 2025 |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2337-001-006 | Total Assessment | $2,064,665 CAD |
| Land Assessment | $1,327,284 CAD | Annual Taxes | $25,220 CAD ($7.77 CAD/SF) |
| Improvements Assessment | $737,380 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
2337-001-006
Land Assessment
$1,327,284 CAD
Improvements Assessment
$737,380 CAD
Total Assessment
$2,064,665 CAD
Annual Taxes
$25,220 CAD ($7.77 CAD/SF)
Tax Year
2025
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6045-6047 Vineland Ave
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