Commercial Property in North
11717 Victory Boulevard North Hollywood, CA 91606
For Sale
Contact for pricing
Commercial property with automotive shop, bar, and office spaces.
Property Size5,356 SF
Price / SF$238.05
Days on Market325
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: Jul 10
Last Checked: Jul 29 at 5:47AM
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 For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.1k | $17.76 |
| − Vacancy | −$5.7k | −$1.07 |
| EGI | $89.4k | $16.69 |
| − OpEx | −$26.8k | −$5.01 |
| NOI | $62.6k | $11.69 |
5,356 SF · lease $17.76/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.81M
$1.59M – $2.12M
NOI $126,964 @ 7.0% cap · market cap 9.96%
Second Best
Retail
$1.69M
$1.48M – $1.97M
NOI $118,499 @ 7.0% cap · market cap 9.29%
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $200,731 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- J & C Import Car Care — 5810 Lankershim Blvd, North Hollywood, CA 91601
- Genrik Petrossian Custom Leather Auto Upholstery — 5744 Tujunga Ave, North Hollywood, CA 91601
- Kar Tek — 5945 Laurel Canyon Blvd, Valley Glen, CA 91607
- 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 $1,275,000.
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.**
