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    13311 Sherman Way North Hollywood, CA 91605

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    For Sale
    $7,950,000

    21,784 SF industrial/commercial building on a 18,883 SF lot.

    Property size:
    21,784 SF
    Lot size:
    0.43 Acres

    Property Features for 13311 Sherman Way

    General Information

    Size
    21,784 SF
    Lot size
    0.43 Acres

    Source: Stevenson Real Estate Services Agent Patrick Long

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Hollywood Commercial Building For Sale

    Located in North Hollywood, this industrial/commercial building offers approximately 21,784 square feet of space on an 18,883 square foot parcel. The property is zoned CM (commercial manufacturing), which allows for commercial and industrial uses. The building features approximately 9,000 square feet of improved and permitted restaurant/banquet hall space upstairs, complete with an elevator, commercial kitchen, bathrooms, and a reception area. A second-floor outdoor patio area is available for guests. The ground floor provides approximately 12,784 square feet of garage/warehouse space. The building is fully sprinklered and includes a secure, fenced parking lot. The property is located on a corner lot at Sherman Way and Fulton Avenue, with an estimated traffic count of 51,247 cars per day. It is situated blocks from the Sherman Way on/off-ramps for the 170 and 405 freeways. There is potential to expand the ground floor to accommodate office and media-related uses. Buyer to verify building square footage and current certificate of occupancy for restaurant, storage, and parking garage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lighthouse Paros Armenian Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Gourmet City

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.4229214
    Latitude
    34.2013579

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    FAQs

    What type of property is this?
    Conventional restaurant - 21,784 SF industrial/commercial building on a 18,883 SF lot.
    Where is this conventional restaurant located?
    The property is located at 13311 Sherman Way North Hollywood, CA.
    What is the asking price?
    The asking price for this property is $7,950,000.
    What are key features of this property?
    This property features: - Prime corner lot location at Sherman Way and Fulton Avenue with high traffic count.; - CM-zoned land allowing for diverse commercial/industrial uses.; - Approximately 21,784 square foot building with a permitted restaurant/banquet hall and garage/warehouse space.
    (818) 535-9833
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    13311 Sherman Way North Hollywood, CA 91605
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    North Hollywood, CA 91605
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13311 Sherman Way North Hollywood, CA 91605
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