7436 Lankershim Boulevard
$2,550,000
3
6
4,217
4,217
$605
Description
We are pleased to present a unique chance to acquire a versatile mixed-use commercial property ideally located on renowned Lankershim Blvd, offering both a cash flow generating property, as well as a lucrative Development Opportunity. This property currently features a total of six units, comprising three commercial units and three residential units. The building spans 4,217 square feet and is situated on a generous 11,284 square feet lot. The current 5% CAP Rate is based on existing rental income,...We are pleased to present a unique chance to acquire a versatile mixed-use commercial property ideally located on renowned Lankershim Blvd, offering both a cash flow generating property, as well as a lucrative Development Opportunity. This property currently features a total of six units, comprising three commercial units and three residential units. The building spans 4,217 square feet and is situated on a generous 11,284 square feet lot. The current 5% CAP Rate is based on existing rental income, with the possibility to enhance returns through additional ADU constructions or explore redevelopment opportunities for a mixed-use project featuring up to 40 units alongside ground-floor retail. Its location is optimal with LAC2 zoning, dual access from the front and back of the lot, and proximity to public transit, ensuring significant pedestrian and vehicular traffic (over 260,000 employees within a 5-mile radius and 27,000 cars daily). This makes it a highly desirable location for development.
- Listed by David Nalbandyan • DRE #01869296 • Brokerage DRE #01954431 • LA Premier Realty • info@lapremierrealty.com
Property Details for 7436 Lankershim Boulevard
Parking Spaces Total
6
Private PoolNo
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4217
Assessor Parcel Number2316-014-019
Property Attached YNtrue
LISTING UPDATED: 10/29/2024 09:06 AM
Property Details for 7436 Lankershim Boulevard
Status | Active |
---|---|
MLS # | BB24132576 |
Days on Market | 168 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1942 |
Lot Size | 0.26 AC / 11,284 SF |
County | Los Angeles County |
Building Information for 7436 Lankershim Boulevard
Stories1Residences-Year Built1942Building Size-Lot Size0.26 AC / 11,284 SF
Property Information for 7436 Lankershim Boulevard
Property History for 7436 Lankershim Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7436 Lankershim Boulevard
Taxable ValueLand$615,500Additions$137,957Total$753,457
Tax Record2024$9,416 ($785 / month)
Home Facts
Total Finished SqFt2,165 SqFtAbove Grade Finished SqFt2,165 SqFtStories1Lot Size5,658 SqFtStyleOffice BuildingYear Built1942ZoningLAC2CountyLOS ANGELESAPN2316-014-019
Schools near 7436 Lankershim Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 12 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Julie Korenstein Elementary School PublicK to 5 | ||
Sun Valley Engineering And Technology Magnet Public6 to 12 | ||
John H. Francis Polytechnic Public9 to 12 | ||
ISANA Cardinal Academy CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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