Property Detail

Description

Rare opportunity to acquire a freestanding commercial building in one of North Hollywood’s most desirable commercial corridors. Offered at $1,099,000 (approximately $338 per square foot), this 3,247 SF single-story property is built to the rear property line (zero lot line). Flexible C2-1 zoning suitable for office, creative, medical, or select retail uses, and can be delivered vacant. The property features three suites, including a fully equipped commercial kitchen, private offices, abundant storage, shared outdoor patio access, and five on-site parking spaces. Recent capital improvements include upgraded copper plumbing, HVAC ducting, and a new electrical panel. The building needs some TLC, which is reflected in the pricing and gives a buyer the opportunity to add value. The rear 671 SF suite is leased at $3.62/SF ($2,429/month) through January 1, 2028, with the option to deliver vacant. The two remaining suites are month-to-month, and all leases are gross. The property is well-suited for an owner-user or an investor seeking in-place income with repositioning upside in one of the Valley’s most active commercial corridors.