$1,200,000
Value-add office investment with immediate upside, and 23-unit mixed-use redevelopment potential. Two-story, 6-unit office building on a high-traffic stretch of Burbank Blvd in North Hollywood. Two suites are already renovated and leased to established healthcare tenants, with four additional suites ready for lease-up. Rear yard with alley access provides a realistic path to adding dedicated parking. 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 11482 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
SR26207068
Year Built
1943
Building Size
2,400 sq ft
Units
6
Lot Size
2,500 sq ft
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11482 Burbank Blvd, North Hollywood
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