11482 Burbank BLVD, North Hollywood, CA 91601
11482 Burbank BLVD, North Hollywood, CA 91601
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$1,115,000
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2,500 Sqft Lot
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11482 Burbank BLVD North Hollywood, CA 91601

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26207014

HOA Y/N No

Year Built 2014

Lot Size 2,500 Sqft

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.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAC4

Interior

Fireplace No

Laundry None

Exterior

Present Use Commercial

Building

Lot Description Street Level

Story 1

Water Public

Others

Tax ID 2350004059

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Trust

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Nick Nekoo Prestige Beverly Hills 310-906-0055, DRE #01337329

NEARBY SCHOOL & BUSINESS

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Patrick Fossati

Patrick Fossati

Broker Associate License ID: 01907255

+1(805) 910-0463

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