7444 Lankershim Blvd., North Hollywood, CA 91605 - BB24171940 - iPro Real Estate

7444 Lankershim Blvd.
North Hollywood, CA 91605

Active, Multi-Family/Income Sale

Price Increase
For Sale

$1,250,000 $222.18 per sqft

Free Professional CMA

Listing ID : BB24171940

  • Garage

    1
  • Lot Size

    5,626 Sqft
  • Year

    1945

Description

We are excited to offer an exceptional opportunity to purchase a versatile mixed-use commercial property strategically positioned on the highly sought-after Lankershim Blvd. This property consists of One 3 Bedroom Residential Units and TWO store-front retail space, as well as an opportunity to convert the garage into an ADU. This property is sold in conjunction with 7436 Lankershim Blvd, which presents a potential for a 40-unit Mixed-use Development Project. In total it would comprise of six units, including three commercial and three residential units, encompassing a total of 4,217 square feet on a spacious 11,284 square feet lot.

Details

Type: Multi-Family/Income Sale 
Subdivision: Nho - North Hollywood 
MLS Area: NHO - North Hollywood 
County: Los Angeles 
Tax ID: 2316014020
Cap Rate: 6.12% 
Gross Rent Multiplier: 12.60 
Days on Market: 125 
AltCal ID: CRBB24171940 
Laundry: Other 
Number of Buildings: 2 
Number of Units: 3 
Parking Spaces: 1 
Property Type: Commercial Sale 
Sub Type: Triplex 
Water: District - Public 

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34.205982 -118.387596 $1,250,000 BB24171940
7444 Lankershim Blvd., North Hollywood, CA 91605
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Listed by David Nalbandyan with LA Premier Realty

Based on information from the MLSListings MLS) as of 12/21/2024. 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 data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 12/21/2024. 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. ©2024 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes