5114 Vineland Ave 2 469 pi² Commerce de détail Immeuble North Hollywood, CA 91601 3 379 800 $ CAD (1 368,89 $ CAD/pi²) 6,65% Taux de capitalisation

Step into a rare opportunity to acquire a fully leased mixed-use commercial property in the heart of the North Hollywood Arts District. 5112 & 5114 Vineland Ave offers a unique opportunity for a Buyer and/or Investor to immediately generate income upon the close of Escrow! Offering ±2,469 SF across two contiguous buildings with two APN’s for a total lot size of ±4,999 SF, this asset provides a generous return and strong long-term upside. Together, they create a rare dual-parcel opportunity. Although currently 100% leased by strong performing Tenants (one being owner occupied), the C-4 Zoning supports a wide range of retail, medical, veterinary, and other creative uses in addition to Future Redevelopment potential! See site plans attached.
Surrounded in the epicenter of North Hollywood’s vibrant Arts District, this property benefits from a blend of dining, entertainment and residential areas, contributing to a highly sought-after location with consistent commercial demand. The property has excellent street visibility & signage, rear alley access, and with close proximity to public transit and green space, the upcoming LA Metro Expansion Project with North Hollywood to Pasadena BRT (Bus Rapid Transit) will only solidify the consistent demand in the neighborhood.
This opportunity is ideal for anyone seeking a stable income with a vision to potentially develop in a high-growth corridor. Seller is Flexible with terms (Tenants are willing to sign longer term lease(s) or continue MTM for a potential owner occupancy or a developer). This Unique opportunity offers the ability to offset holding costs during potential entitlement phase for a developer.
Please Note: NOI & CAP rate will vary depending on the sale price of the property (100% or 50%) PLEASE inquire via Loopnet/CoStar if you have any questions as we understand this unique opportunity may require further clarification!
Buyer and/or Buyer’s Representative are encouraged to perform their own due diligence with the city for current and future zoning uses.
Please reach out to the Listing Agent(s) with any questions – Please do not walk onto the property and/or into the place of business to inquire with any of the Tenants. Please do not call the Tenant’s place of businesses to inquire. The best and Quickest way to receive a response to your inquiry is to send an email to the Listing Agent(s) or a direct inquiry via this database.
*PLEASE READ ENTIRE DESCRIPTION FOR CLARIFICATION ON PURCHASE TERMS AND CAP RATE*