11482 Burbank Boulevard, North Hollywood, CA 91601
- $1,115,000
- List Price
- $1,115,000
- Status
- ACTIVE
- MLS#
- SR26207014
- Year Built
- 2014
- Lot Size
- 2,500
- Acres
- 0.06
- Lot Location
- Street Level
- Days on Market
- 1
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
Absolute NNN with actual 5% CAP and 23-unit mixed-use redevelopment potential. Freestanding restaurant building on a high-traffic stretch of Burbank Blvd in North Hollywood. 100% leased under an absolute triple-net (NNN) lease through 12/31/2029 with a 60-month renewal option. Contractual rent growth is locked in via a Fixed Rental Adjustment schedule. Building constructed in 2014. LAC4 zoning with confirmed Transit Oriented Communities (TOC) Tier 3 status and no minimum parking requirement under state law (AB 2097). Approximately 0.5 miles to the North Hollywood Metro Station (B/Red Line + G/Orange Line). This is a living trust sale -- no court confirmation required. The adjacent parcel at 11486 Burbank Blvd is separately available; combined, the two contiguous parcels support up to 23 mixed-use units across 6 stories under confirmed TOC Tier 3 zoning.
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Additional Information
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 1
- Gross Scheduled Income
- $55,620
Listing courtesy of Listing Agent: Nick Nekoo (nicknekoo@gmail.com) from Listing Office: Prestige Beverly Hills.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.