Auto Repair Property with Paint
11062 Burbank Boulevard, North Hollywood, CA 91601
For Sale
New
$4,500,000
The offering combines service real estate, an operating repair business and specialized shop equipment.
Property Size3,973 SF
Lot Size0.30 Acres
Price / SF$638.39
Days on Market5
Property Features for 11062 Burbank Boulevard
General Information
Standard status
Size
Lot size
Property subtype
Automotive
Service Bays
Automotive Uses
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Business Included
Amenities
five vehicle lifts
service and diagnostic equipment
compressed-air systems
frame machine
dedicated spray booth with a paint/mixing room
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Christie's International Real Estate SoCal
Listed By:
Dominic Kennedy · License CA #02083855
(310) 871-6089
Source:
Archetyperealty
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 6:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christie's International Real Estate SoCal
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Investment Insights
Based on property information with market context.
The North Hollywood offering includes two buildings on two parcels, with approximately 7,049 square feet of improvements across 13,082 square feet of land. Built in 1972, the property supports mechanical service and collision work, with equipment for vehicle diagnostics, frame repair and paint operations. Shop infrastructure includes five lifts, compressed-air systems, a frame machine and a spray booth with a separate paint-mixing room.
Mike's Auto Repair & Body Center is included with the real estate. The property fronts Burbank Boulevard, a commercial corridor in the San Fernando Valley, and is described as accessible to North Hollywood and nearby communities.
Mike's Auto Repair & Body Center is included with the real estate. The property fronts Burbank Boulevard, a commercial corridor in the San Fernando Valley, and is described as accessible to North Hollywood and nearby communities.
Key Highlights
- Two buildings on two parcels, with approximately 7,049 square feet of improvements
- 13,082 square feet of land
- Five vehicle lifts, diagnostic and service equipment, and compressed‑air systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,956
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,119,120
$3.1M
Cap Rate 7%
$2,227,943
$2.2M
Cap Rate 9%
$1,732,844
$1.7M
Market Conditions
NOI Build-Up for 7,049 SF
Gross rent
$238.5K $33.84/SF
− Vacancy
−$15.7K −$2.23/SF
EGI
$222.8K $31.61/SF
− OpEx
−$66.8K −$9.48/SF
NOI
$156.0K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,119,120
Cap Rate 7%
$2,227,943
Cap Rate 9%
$1,732,844
Alternative Uses
Best Use
Retail
$2.23M
$1.95M – $2.60M
NOI $155,956 @ 7.0% cap · market cap 3.47%
Second Best
Industrial
$1.18M
$1.03M – $1.37M
NOI $82,375 @ 7.0% cap · market cap 1.83%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,181 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
5
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,324
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91601, CA
39,429
Population
20,539
Households
1.9
Avg Household Size
35
Median Age
51%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
15,165
Density / Sq Mi
$77,540
Median Household Income
$48,907
Median Earnings
$2,115
Median Rent
$961,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Los Angeles County, CA
Properties on Market for Auto shops in Los Angeles County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
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- North Hollywood Auto Repair and Smog — 5000 Vineland Ave, North Hollywood, CA 91601
- Antonios Towing — 5140 Lankershim Blvd, North Hollywood, CA 91601
- Your Mobile Mechanic — 11241 Otsego St Unit 301, North Hollywood, CA 91601
Frequently Asked Questions
What type of property is this?
Auto shop - The offering combines service real estate, an operating repair business and specialized shop equipment.
Where is this auto shop located?
The property is located at 11062 Burbank Boulevard North Hollywood, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Two buildings on two parcels, with approximately 7,049 square feet of improvements; 13,082 square feet of land; Five vehicle lifts, diagnostic and service equipment, and compressed‑air systems
