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For sale
Conventional restaurants
CA
North Hollywood
13311 Sherman Way

North Hollywood Commercial Building For Sale

13311 Sherman Way, North Hollywood, CA

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For Sale

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

Type:RETAIL

Property size:

21,784 SF

Lot size:

0.43 Acres

Price / SF:

$364/SF

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 a permitted restaurant/banquet hall and garage/warehouse space.
Proximity to the 170 and 405 freeways.
Ballroom equipped with elevator, commercial kitchen, bathrooms, and reception area.
Secure, fenced parking lot and potential to expand ground floor for office/media uses.

We can help!

Listing Contact

Patrick Long

For Sale

Contact for pricing

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

Type:RETAIL

Property size:

21,784 SF

Lot size:

0.43 Acres

Price / SF:

$364/SF

Added:: Jul 8, 2025
Days on Market:: 337
Last Refresh:: May 19 at 10:53 pm

Property Features for 13311 Sherman Way

General Information

Standard status: Active
Size: 21,784 SF
Lot size: 0.43 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Patrick Long

Listing agent Patrick Long License #01831830

Listing office Stevenson Real Estate Services

Listing date Jul 8, 2025

Source Moodyscre

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

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 a permitted restaurant/banquet hall and garage/warehouse space.
Proximity to the 170 and 405 freeways.
Ballroom equipped with elevator, commercial kitchen, bathrooms, and reception area.
Secure, fenced parking lot and potential to expand ground floor for office/media uses.

Overview

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.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $516,388 @ 7.0% cap · market cap 6.50%

Second Best

Retail

$6.89M

$6.02M – $8.03M (±1% cap)

NOI $481,962 @ 7.0% cap · market cap 6.06%

Theoretical Best

Office A

$11.66M

$10.21M – $13.61M (±1% cap)

NOI $816,415 @ 7.0% cap · market cap 10.27%

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

Property Profile Location Intelligence

Current Use by Public Records

Lighthouse Paros Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: North Hollywood
County: Los Angeles
State: California
Longitude: -118.423
Latitude: 34.2014

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For sale
Conventional restaurants
CA
North Hollywood
13311 Sherman Way

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.

13311 Sherman Way, North Hollywood, CA

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

Property Features for 13311 Sherman Way

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mid-Century 8-Unit Apartment Building

North Hollywood Quadruplex Opportunity

North Hollywood Multifamily Investment Opportunity

Established Market in North Hollywood

North Hollywood Fourplex Owner-User Opportunity

Newer-Construction Quadplex Townhomes

Mixed-Use Residential and Retail Building

North Hollywood Multifamily Investment Opportunity

North Hollywood Six-Unit Apartment Building

North Hollywood Multifamily Investment Opportunity

North Hollywood Multifamily Investment Opportunity

Remodeled Duplex with ADU

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