Auto Body Facility with
For Sale
Contact for pricing
Pending
6929 Laurel Canyon Blvd, North Hollywood, CA 91605
State-of-the-art auto body shop featuring two spray booths, well-appointed offices, and significant boulevard signage.
Property Size11,600 SF
Days on Market150
Property Features for 6929 Laurel Canyon Blvd
General Information
Standard status
Pending
Size
11,600 SF
Property subtype
Industrial, Retail, Special Purpose
Zoning
LAC2
Lease Type
NNN
Building Details
Year Built
1962
Tenancy
Single
Listing Agency:
Tamarack Real Estate Services
Listed By:
Corey Spound · License #CA 01142655
(818) 464-3215
Source:
Crexi
Added: Apr 9
Changed: Aug 14
Last Checked: Aug 14 at 7:50AM
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 Tamarack Real Estate Services
Investment Insights
Based on property information with market context.
The property consists of an existing auto body facility with two spray booths, each with attached paint room, supported by process equipment including a shower rack with spill containment and clarifier. Interior improvements also include well-appointed office space, along with breakroom, kitchenette, lobby areas, and a server room.
Zoned LAC2, the site is described as offering commercial use for auto repair and auto-body operations, with multifamily redevelopment potential noted for the address range 6919–6943 Laurel Canyon Blvd. The property also includes an extra-large land area designed for parking and car staging, plus significant signage and major boulevard identity.
For buyers seeking an owner-occupied automotive use or redevelopment exposure under LAC2, this site combines production-oriented improvements with office support and practical exterior staging space.
Zoned LAC2, the site is described as offering commercial use for auto repair and auto-body operations, with multifamily redevelopment potential noted for the address range 6919–6943 Laurel Canyon Blvd. The property also includes an extra-large land area designed for parking and car staging, plus significant signage and major boulevard identity.
For buyers seeking an owner-occupied automotive use or redevelopment exposure under LAC2, this site combines production-oriented improvements with office support and practical exterior staging space.
Key Highlights
- 1962‑built commercial auto body facility with LAC2 zoning
- Includes 2 existing spray booths with attached paint room
- On‑site shower rack with spill containment and clarifier
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$256,645
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,132,900
$5.1M
Cap Rate 7%
$3,666,357
$3.7M
Cap Rate 9%
$2,851,611
$2.9M
Market Conditions
NOI Build-Up for 11,600 SF
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.
Gross rent
$392.5K $33.84/SF
− Vacancy
−$25.9K −$2.23/SF
EGI
$366.6K $31.61/SF
− OpEx
−$110.0K −$9.48/SF
NOI
$256.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,132,900
Cap Rate 7%
$3,666,357
Cap Rate 9%
$2,851,611
Alternative Uses
Best Use
Retail
$3.67M
$3.21M – $4.28M
NOI $256,645 @ 7.0% cap · market cap 4.47%
Second Best
Industrial
$1.94M
$1.69M – $2.26M
NOI $135,559 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$6.21M
$5.43M – $7.25M
NOI $434,742 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,677
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - State-of-the-art auto body shop featuring two spray booths, well-appointed offices, and significant boulevard signage.
Where is this auto shop located?
The property is located at 6929 Laurel Canyon Blvd North Hollywood, CA.
What is the asking price?
The asking price for this property is $5,742,000.
What are key features of this property?
This property features: 1962‑built commercial auto body facility with LAC2 zoning; Includes 2 existing spray booths with attached paint room; On‑site shower rack with spill containment and clarifier
