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$ 2,400,000
Est. payment | /mo
5,000 Sqft Lot
$ 2,400,000
Est. payment | /mo
5,000 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD25273001
HOA Y/N No
Lot Size 5,000 Sqft
Property Sub-Type Mixed Use
Property Description
Step into a unique and rare opportunity to acquire either 100% of this asset or 50% 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! Property can be delivered vacant, 100% leased, or 50% leased!
Surrounded in the epicenter of North Hollywood's vibrant Arts District, this property benefits from a blend of dining, entertainment and residential areas, contributing to a highly sought-after location with consistent commercial demand. The property has excellent street visibility & signage, rear alley access, and with close proximity to public transit and green space, the upcoming LA Metro Expansion Project with North Hollywood to Pasadena BRT (Bus Rapid Transit) will only solidify the consistent demand in the neighborhood.
This opportunity is ideal for anyone seeking a stable income with a vision to potentially develop in a high-growth corridor. This property offers the ability to offset holding costs during potential entitlement phase for a developer. PLEASE inquire via email with any questions regarding the price for 50% of the property! SELLER is flexible with terms (Tenants are willing to sign longer term lease(s) or continue MTM for a potential owner occupancy or a developer).
Buyer and/or Buyer's Representative are encouraged to perform their own due diligence with the City for current and future zoning uses.
Surrounded in the epicenter of North Hollywood's vibrant Arts District, this property benefits from a blend of dining, entertainment and residential areas, contributing to a highly sought-after location with consistent commercial demand. The property has excellent street visibility & signage, rear alley access, and with close proximity to public transit and green space, the upcoming LA Metro Expansion Project with North Hollywood to Pasadena BRT (Bus Rapid Transit) will only solidify the consistent demand in the neighborhood.
This opportunity is ideal for anyone seeking a stable income with a vision to potentially develop in a high-growth corridor. This property offers the ability to offset holding costs during potential entitlement phase for a developer. PLEASE inquire via email with any questions regarding the price for 50% of the property! SELLER is flexible with terms (Tenants are willing to sign longer term lease(s) or continue MTM for a potential owner occupancy or a developer).
Buyer and/or Buyer's Representative are encouraged to perform their own due diligence with the City for current and future zoning uses.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning C-4
Interior
Fireplace No
Laundry None
Building
Lot Description 2-5 Units/Acre, Near Public Transit
Story 1
Water Public
Others
Tax ID 2419002014
Special Listing Condition Standard
Listed by Tania Adary Archetype Real Estate Group In Tania@archetyperealty.com, DRE #02020570
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