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$ 2,295,000
Est. payment | /mo
5,000 Sqft Lot
$ 2,295,000
Est. payment | /mo
5,000 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD25273001
HOA Y/N No
Lot Size 5,000 Sqft
Property Sub-Type Mixed Use
Property Description
Price Improvement! Bring all offers! Step into a rare opportunity to acquire a fully leased mixed-use commercial property in the heart of the North Hollywood Arts District. 5112 & 5114 Vineland Ave offers a unique opportunity for an Owner-User and/or Investor to immediately generate income upon the close of Escrow! Offering ±2,469 SF across two contiguous buildings with two APN's for a total lot size of ±4,999 SF, this asset provides a generous return and strong long-term upside. Together, they create a rare dual-parcel opportunity. Unit mix: 2 retail accessed from Vineland Ave. and 1 residential at the rear (can all be combined or kept separate). CAP 6.58% !!
Although currently 100% leased by strong a performing Tenant (owner occupied on MTM), the C-4 Zoning supports a wide range of retail, medical, veterinary, and other creative uses in addition to future redevelopment potential! See site plans attached. This opportunity is ideal for anyone seeking a stable income with a vision to potentially develop in a high-growth corridor. Seller is Flexible with terms (Tenant is willing to sign a longer term lease or continue month-to-month for a potential owner occupancy or a developer). This Unique opportunity offers the ability to offset holding costs during potential entitlement phase for a developer.
Surrounded in the epicenter of North Hollywood's vibrant Arts District, this property benefits from a blend of dining, entertainment and residential areas, contributing to a highly sought-after location with consistent commercial demand. The property has excellent street visibility & signage, rear alley access, and with close proximity to public transit and green space, the upcoming LA Metro Expansion Project with North Hollywood to Pasadena BRT (Bus Rapid Transit) will only solidify the consistent demand in the neighborhood.
Please Note: PLEASE NOTE, Seller is also willing to entertain the sale of 50% of the property - inquire via email if you have any questions as we understand this unique opportunity may require further clarification!
Buyer and/or Buyer's Representative are encouraged to perform their own due diligence with the city for current and future zoning uses. PLEASE DO NOT walk onto the property or into the place of business to inquire. PLEASE DO NOT call the Tenant's place of businesses to inquire. Best and quickest way to receive a response to your inquiry is to send an email to the Listing Agent(s).
Although currently 100% leased by strong a performing Tenant (owner occupied on MTM), the C-4 Zoning supports a wide range of retail, medical, veterinary, and other creative uses in addition to future redevelopment potential! See site plans attached. This opportunity is ideal for anyone seeking a stable income with a vision to potentially develop in a high-growth corridor. Seller is Flexible with terms (Tenant is willing to sign a longer term lease or continue month-to-month for a potential owner occupancy or a developer). This Unique opportunity offers the ability to offset holding costs during potential entitlement phase for a developer.
Surrounded in the epicenter of North Hollywood's vibrant Arts District, this property benefits from a blend of dining, entertainment and residential areas, contributing to a highly sought-after location with consistent commercial demand. The property has excellent street visibility & signage, rear alley access, and with close proximity to public transit and green space, the upcoming LA Metro Expansion Project with North Hollywood to Pasadena BRT (Bus Rapid Transit) will only solidify the consistent demand in the neighborhood.
Please Note: PLEASE NOTE, Seller is also willing to entertain the sale of 50% of the property - inquire via email if you have any questions as we understand this unique opportunity may require further clarification!
Buyer and/or Buyer's Representative are encouraged to perform their own due diligence with the city for current and future zoning uses. PLEASE DO NOT walk onto the property or into the place of business to inquire. PLEASE DO NOT call the Tenant's place of businesses to inquire. Best and quickest way to receive a response to your inquiry is to send an email to the Listing Agent(s).
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning C-4
Interior
Fireplace No
Laundry None
Building
Lot Description 2-5 Units/Acre, Near Public Transit
Story 1
Water Public
Others
Tax ID 2419002014
Special Listing Condition Standard
Listed by Tania Adary Archetype Real Estate Group In Tania@archetyperealty.com, DRE #02020570
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