5315 Laurel Canyon Boulevard

Estimated Monthly Payment: $19,381/mo 5315 Laurel Canyon Boulevard, North Hollywood, CA 91607 MLS# 21732100 Land Listing Status: Active
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REMARKS:

A 10, 050 square foot two-story low-rise office building situated on 13, 137 square feet of land located one block south of the signalized corner of Laurel Canyon Blvd and Chandler Blvd in Valley Village. The property is located one block north of the corner of Magnolia Blvd and Laurel Canyon Blvd. This well-located asset is very walkable, with a high walk score of 87, and is located within close proximity to transit with a good transit score of 52.5315 Laurel Canyon will be delivered with two vacant suites. The occupied spaces are long-time tenants operating under short term leases. Lease expiration dates are staggered in the upcoming years, with one of the longest leases coming due in 2023, providing for tremendous upside. With an average rent per square foot of $1.73, this asset provides an investor huge value-add potential when looking at the current average rent in this asset, creating potential for rental upside at lease roll-over. With short-term tenants, many of them being month-to-month, this is an ideal opportunity for an owner use to occupy a portion or all of the building. The subject property is centrally located in the high-end densely populated east San Fernando Valley sub-market of North Hollywood, just blocks south of the new NoHo West Development.

OVERVIEW:

Land
Active
VVL - Valley Village
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FEATURES:

City Lights

FINANCIAL:

$4,250,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Neema AhadianMarcus & Millichap

 

California Department of Real Estate License 

 

Based on information from the CRISNet MLS as of 08/05/2021, 4:02:52 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.