Commercial Property in North
For Sale
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11717 Victory Boulevard, North Hollywood, CA 91606
Commercial property with automotive shop, bar, and office spaces.
Property Size5,356 SF
Price / SF$223.95
Days on Market338
Property Features for 11717 Victory Boulevard
General Information
Standard status
Active
Size
5,356 SF
Property subtype
Special Purpose
Listing Agency:
Century 21 Plaza Granada Hills
Listed By:
Enrique Campos · License #CA 01806053
Source:
Crexi
Added: Sep 8, 2025
Changed: Aug 10
Last Checked: Aug 11 at 7:14PM
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 Century 21 Plaza Granada Hills
Investment Insights
Based on property information with market context.
This commercial property, zoned LAC2, is located in the North Hollywood/Valley Village area and offers high traffic and exposure. The property includes three separate addresses: 11717, 11719, and 11717 1/2 Victory Boulevard. The total constructed area is 5356 square feet, distributed among three separate structures. 11717 Victory Boulevard is an automotive repair shop, and 11719 Victory Boulevard is a bar; both are currently rented. The administrative offices at 11717 1/2 Victory Boulevard have experienced fire damage. This property presents an opportunity for investors and/or developers to rebuild the damaged areas and modify the property's use. The mechanic shop and bar are on active leases. The property has a loan that can be assumed at a 2% rate, and the seller is flexible on the sale terms.
Key Highlights
- Commercial Zoned LAC2 Property with 3 Separate Addresses in High‑Traffic Area.
- Existing Automotive Repair Shop and Bar are Currently Rented.
- Assumable Loan at a 2% Rate.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,591
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,251,820
$1.3M
Cap Rate 7%
$894,157
$894.2K
Cap Rate 9%
$695,456
$695.5K
Market Conditions
NOI Build-Up for 5,356 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.1K $17.76/SF
− Vacancy
−$5.7K −$1.07/SF
EGI
$89.4K $16.69/SF
− OpEx
−$26.8K −$5.01/SF
NOI
$62.6K $11.69/SF
Area
Los Angeles County, CA
Vacancy
6.00%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,251,820
Cap Rate 7%
$894,157
Cap Rate 9%
$695,456
Alternative Uses
Best Use
Specialty Retail
$1.81M
$1.59M – $2.12M
NOI $126,964 @ 7.0% cap · market cap 10.58%
Second Best
Retail
$1.69M
$1.48M – $1.97M
NOI $118,499 @ 7.0% cap · market cap 9.88%
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $200,731 @ 7.0% cap · market cap 16.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,311
Businesses Nearby
21k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 34%
7-Eleven
Shops & Services
13,833 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
7,216 visits/mo
0.3 miles
Demographics for 91606, CA
43,955
Population
16,563
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
78%
High-School Grad
3.3 sq mi
ZIP Area
13,320
Density / Sq Mi
$66,884
Median Household Income
$36,497
Median Earnings
$1,744
Median Rent
$801,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- J & C Import Car Care — 5810 Lankershim Blvd, North Hollywood, CA 91601
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- Honda North Hollywood Service & Parts — 5838 Lankershim Blvd, North Hollywood, CA 91601
- Elite Tow Service 24/7 — 11340 emelita st, north hollywood, ca 91601
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with automotive shop, bar, and office spaces.
Where is this auto shop located?
The property is located at 11717 Victory Boulevard North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,199,500.
What are key features of this property?
This property features: Commercial Zoned LAC2 Property with 3 Separate Addresses in High‑Traffic Area.; Existing Automotive Repair Shop and Bar are Currently Rented.; Assumable Loan at a 2% Rate.**
