5
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$1,250,000
Est. payment /mo
2,469 SqFt
Active
5112 Vineland Ave North Hollywood (los Angeles), CA 91601
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,469 sqft
Price per Sqft $506
MLS Listing ID CRGD25273001
HOA Y/N No
Lot Size 4,999 Sqft
Acres 0.11
Property Sub-Type Mixed Use
Property Description
*PLEASE READ ENTIRE LISTING DESCRIPTION* *****PLEASE NOTE***** NOI & CAP rate are calculated based on the value of the ENTIRE property not the Sale price of $1,250,000.00 (50%), therefore, the CAP RATE has been modified as such and may read 12% vs 6%. The Seller is flexible on terms and would like a strong partnership which is why the Seller is offering flexibility on the return on investment with a minimum of 5% return with terms to TBD - please inquire if you have any questions! Step into a RARE opportunity to acquire 50% ownership of 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 a Buyer 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. Although currently 100% leased by strong performing Tenants (one being owner occupied), the C-4 Zoning supports a wide range of retail, medical, veterinary, and other creative uses in addition to FUTURE REDEVELOPMENT potential! Surrounded in the epicenter of North Hollywood's vibrant Arts District,
Location
State CA
County Los Angeles
Zoning C-4
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 2419002014
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Listed by Tania Adary • Archetype Real Estate Group In
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