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Key Details
Sold Price $1,150,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21106807
Sold Date 04/05/22
HOA Y/N No
Year Built 1949
Lot Size 4,996 Sqft
Property Description
he subject property is strategically located on Burbank Boulevard, one of the main thoroughfares of the entire San Fernando Valley providing easy access to and around neighboring cities! Only a few parcels away from the intersection of Burbank Boulevard & Lankershim Boulevard this property is in the heart of the North Hollywood Arts District!The subject property was built in 1949, and is a well maintained 2,702 SF mixed use building imbedded on a 4,998 SF Lot. 11468 Burbank Boulevard is owner occupied consisting of approximately 1,920 SF of retail space, which is currently owner-occupied by Kaplan Electric Inc. The property is equipped with gated access in the rear, great ceiling height, and a double door entry in the rear that provides multiple uses for the new buyer. 11740 Burbank Boulevard stands at 782 SF of office space on a M2M lease and could be delivered vacant at the time of close. This property is ideal for an owner user looking to fully occupy both the retail and office space for their business. An owner/user can also rent a unit as passive income while occupying the other. With limited supply and high demand for mixed use properties in the North Hollywood submarket this rare opportunity is ideal for an owner user looking to take advantage of SBA financing with as little as 10% down!
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAC4
Interior
Fireplace No
Building
Story 1
Others
Tax ID 2350004065
Special Listing Condition Standard
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Bought with Saadia 'Sam' Liberow Marcus & Millichap