Six-Suite Retail
12516 Vanowen Street, North Hollywood, CA 91605
For Sale
Contact for pricing
Six service-oriented businesses occupy a multi-tenant retail property with flexible month-to-month leases.
Property Size7,420 SF
Lot Size0.39 Acres
Price / SF$370.62
Days on Market19
Property Features for 12516 Vanowen Street
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Net Operating Income
Additional Details
Asking Price
Corner Location
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Marcus & Millichap - Encino
Listed By:
Brandon Michaels · License CA #00143685
(818) 212-2794
Source:
Crexi
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 10 at 7:35AM
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 Marcus & Millichap - Encino
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Investment Insights
Based on property information with market context.
This 7,420-square-foot retail center contains six suites on a 16,788-square-foot parcel. The building is fully occupied by local service businesses, with each tenancy structured month to month. That lease arrangement allows for changes in occupancy over time while suites remain leased to existing operators.
The property is located at 12516 Vanowen Street, at the corner of Vanowen Street and Whitsett Avenue in North Hollywood. Its multi-suite configuration and existing occupancy define the current retail offering.
The property is located at 12516 Vanowen Street, at the corner of Vanowen Street and Whitsett Avenue in North Hollywood. Its multi-suite configuration and existing occupancy define the current retail offering.
Key Highlights
- 7,420‑square‑foot retail building with six suites
- 16,788‑square‑foot parcel
- Fully occupied by six local service operators
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,164
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,283,280
$3.3M
Cap Rate 7%
$2,345,200
$2.3M
Cap Rate 9%
$1,824,044
$1.8M
Market Conditions
NOI Build-Up for 7,420 SF
Gross rent
$251.1K $33.84/SF
− Vacancy
−$16.6K −$2.23/SF
EGI
$234.5K $31.61/SF
− OpEx
−$70.4K −$9.48/SF
NOI
$164.2K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,283,280
Cap Rate 7%
$2,345,200
Cap Rate 9%
$1,824,044
Alternative Uses
Best Use
Retail
$2.35M
$2.05M – $2.74M
NOI $164,164 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.97M
$3.48M – $4.63M
NOI $278,085 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,869
Businesses Nearby
Explore this area
Business Placement
Demographics for 91605, CA
54,341
Population
17,206
Households
3.2
Avg Household Size
36
Median Age
22%
College-Educated
71%
High-School Grad
5.4 sq mi
ZIP Area
10,063
Density / Sq Mi
$64,539
Median Household Income
$32,751
Median Earnings
$1,736
Median Rent
$729,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Strip malls in Los Angeles County, CA
Properties on Market for Strip malls in Los Angeles County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Six service-oriented businesses occupy a multi-tenant retail property with flexible month-to-month leases.
Where is this strip mall located?
The property is located at 12516 Vanowen Street North Hollywood, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 7,420‑square‑foot retail building with six suites; 16,788‑square‑foot parcel; Fully occupied by six local service operators
