North Hollywood Commercial Building For
13311 Sherman Way North Hollywood, CA 91605
13311 Sherman Way, North Hollywood, CA, 91605
$7,950,000
For Sale
$7,950,000
21,784 SF industrial/commercial building on a 18,883 SF lot.
Property Size21,784 SF
Lot Size0.43 Acres
Price / SF$364.95
Days on Market137
Property Features for 13311 Sherman Way
General Information
- Standard status
- Active
- Size
- 21,784 SF
- Lot size
- 0.43 Acres
- Property subtype
- Commercial Property
Building Details
- Year Built
- 1953
Listing agency
Stevenson Real Estate Services
(818) 535-9833
Listed by
Patrick Long · License #CalDRE #01831830
(818) 535-9833
Source
Stevensonrealestate
Added: Mar 6 Updated: Jul 6 at 10:50AM Checked: Jul 21 at 6:29AM
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 Stevenson Real Estate Services
Investment Insights
Based on property information with market context.
Located in North Hollywood, this 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. There is potential to expand the ground floor to accommodate office and media-related uses. The property is situated on a corner lot at Sherman Way and Fulton Avenue, with an estimated traffic count of 51,247 cars per day. It is located blocks from the Sherman Way on/off-ramps for the 170 and 405 freeways. Buyer to verify building square footage and current certificate of occupancy for restaurant, storage, and parking garage.
Key Highlights
- 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 restaurant/banquet hall and garage/warehouse space.
Local Financial Insights For Specialty Retail
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 | $737.2k | $33.84 |
| − Vacancy | −$48.7k | −$2.23 |
| EGI | $688.5k | $31.61 |
| − OpEx | −$172.1k | −$7.90 |
| NOI | $516.4k | $23.70 |
21,784 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$7.38M
$6.45M – $8.61M
NOI $516,388 @ 7.0% cap · market cap 6.50%
Second Best
Retail
$6.89M
$6.02M – $8.03M
NOI $481,962 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$11.66M
$10.21M – $13.61M
NOI $816,415 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lighthouse Paros
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 21,784 SF industrial/commercial building on a 18,883 SF lot.
Where is this mixed-use property 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 restaurant/banquet hall and garage/warehouse space.
