7436 Lankershim Boulevard

North Hollywood, CA 91605

$2,550,000
Price
3
Beds
6
Baths
4,217 Sq. Ft.
$605 / Sq. Ft.
4,217
Sq. Ft.
$605
per Sq. Ft.

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.
  1. 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 Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4217
Assessor Parcel Number
2316-014-019
Property Attached YN
true
LISTING UPDATED: 10/29/2024 09:06 AM

Property Details for 7436 Lankershim Boulevard

StatusActive
MLS #BB24132576
Days on Market168
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1942
Lot Size0.26 AC / 11,284 SF
CountyLos 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

Income / Expense / Tax Details
Income Details
  • Gross Income: $176,400
  • Gross Scheduled Income: $176,400
  • Net Operating Income: $136,822
Expense Details
  • Operating Expense: $36,050
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,800
  • Maintenance Expense: $5,000
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $36,050
Tax / Assessment Info
  • Tax Tract Number: 4605
  • Tax Census Tract: 1224.20
  • Tax Lot: 43
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $8,100
  • Unit Type Pro Forma: 9000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $6,600
  • Unit Type Pro Forma: 6600
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 7436 Lankershim Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

7436 Lankershim Boulevard is a mixed use property for sale in North Hollywood, CA 91605. This property was listed for sale on June 27, 2024 by LA Premier Realty, it's currently listed at $2,550,000. It has been on the market for a total of 168 days and was last sold on November 5, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Julie Korenstein Elementary School, Sun Valley Engineering And Technology Magnet and John H. Francis Polytechnic. 7436 Lankershim Boulevard is a 3-bed, 6-bath, 4,217 sqft mixed use property built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LA Premier Realty, David Nalbandyan, DRE #01869296

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.