11482 Burbank BLVD, North Hollywood, CA 91601
11482 Burbank BLVD, North Hollywood, CA 91601
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$1,115,000
Est. payment /mo
2,500 Sqft Lot
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UPDATED:

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

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Listed by Nick Nekoo Prestige Beverly Hills 310-906-0055, DRE #01337329

Nearby Locations

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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11482 Burbank BLVD

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