Six-Suite Office
For Sale
$1,200,000
11486 Burbank Boulevard, North Hollywood, CA 91601
Two healthcare suites are leased, with four more suites available for occupancy.
Property Size2,400 SF
Days on Market16
Property Features for 11486 Burbank Boulevard
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Mixed Use
Zoning
LAC4
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Office Units
6
Building Details
Building Size
2,400 SF
Year Built
1943
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Prestige Beverly Hills
Listed By:
Nick Nekoo · License #01337329
Source:
Truthrealty
Added: Sep 22
Changed: Oct 2
Last Checked: Oct 5 at 10:07PM
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 Prestige Beverly Hills
Investment Insights
Based on property information with market context.
This two-story office property contains six suites. Two have been renovated and are leased to healthcare tenants; the remaining four are available for lease-up. The building was constructed in 1943 and carries LAC4 zoning with confirmed TOC Tier 3 status. The rear yard connects to an alley, and the zoning information notes no minimum parking requirement under AB 2097.
North Hollywood Metro Station, served by the B/Red and G/Orange lines, is approximately 0.5 miles away. The neighboring parcel at 11482 Burbank Boulevard is offered separately; together, the two parcels support up to 23 mixed-use units across six stories under the confirmed TOC Tier 3 zoning. The sale is through a living trust and does not require court confirmation.
North Hollywood Metro Station, served by the B/Red and G/Orange lines, is approximately 0.5 miles away. The neighboring parcel at 11482 Burbank Boulevard is offered separately; together, the two parcels support up to 23 mixed-use units across six stories under the confirmed TOC Tier 3 zoning. The sale is through a living trust and does not require court confirmation.
Key Highlights
- Two‑story office building with six suites
- Two renovated suites are leased to healthcare tenants; four additional suites are available for lease‑up
- LAC4 zoning with confirmed TOC Tier 3 status
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,462
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,240
$1.0M
Cap Rate 7%
$749,457
$749.5K
Cap Rate 9%
$582,911
$582.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$92.2K $38.40/SF
− Vacancy
−$22.2K −$9.25/SF
EGI
$69.9K $29.15/SF
− OpEx
−$17.5K −$7.29/SF
NOI
$52.5K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,240
Cap Rate 7%
$749,457
Cap Rate 9%
$582,911
Alternative Uses
Best Use
Office B
$749.5K
$655.8K – $874.4K
NOI $52,462 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,947 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,359
Businesses Nearby
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Two healthcare suites are leased, with four more suites available for occupancy.
Where is this office building located?
The property is located at 11486 Burbank Boulevard North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑story office building with six suites; Two renovated suites are leased to healthcare tenants; four additional suites are available for lease‑up; LAC4 zoning with confirmed TOC Tier 3 status
