$1,115,000
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.
Listed by Nick Nekoo with Prestige Beverly Hills
MLS Property Type
Commercial Sale
Property Subtype
Mixed Use
Status
Active
MLS Number
SR26207014
Year Built
2014
Building Size
1,125 sq ft
Units
1
Lot Size
2,500 sq ft
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11486 Burbank Blvd, North Hollywood
Listed by Nick Nekoo with Prestige Beverly Hills
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