Prime Retail Space on
For Sale
Contact for pricing
5152 Lankershim Blvd, Los Angeles, CA 91601
Street-front retail in North Hollywood Arts District with high visibility.
Property Size6,002 SF
Price / SF$308.23
Days on Market669
Property Features for 5152 Lankershim Blvd
General Information
Standard status
Active
Size
6,002 SF
Property subtype
Retail
Zoning
LAC4
Investment Type
Owner/User
Net Operating Income
$116,839
Building Details
Year Built
1937
Stories
1
Units
5
Listing Agency:
KW Commercial Studio City
Listed By:
James Antonucci · License #CA 01822661
(818) 381-6601
Source:
Crexi
Added: Nov 5, 2024
Changed: Aug 27
Last Checked: Aug 31 at 4:02PM
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 KW Commercial Studio City
Investment Insights
Based on property information with market context.
Located in the North Hollywood Arts District, 5148-52 Lankershim Blvd is a street-front retail space offering frontage on Lankershim Blvd. The property benefits from high traffic, with over 50,000 cars passing daily. Situated in a high-foot-traffic area, it is within walking distance of the Metro Red Line station and a short drive to the CA-170 and 101 freeways. The 6,002 square foot space is suitable for an owner/user and will be delivered vacant. The property is surrounded by retailers and community locations, offering an opportunity to establish a presence in a dynamic neighborhood.
Key Highlights
- Premier street‑front retail space in the North Hollywood Arts District.
- High visibility and frontage on Lankershim Blvd with over 50,000 cars passing daily.
- Located in a vibrant, high‑foot‑traffic area.
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
$139,290
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
7.53%
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%
$2,785,800
$2.8M
Cap Rate 7%
$1,989,857
$2.0M
Cap Rate 9%
$1,547,667
$1.5M
Market Conditions
NOI Build-Up for 6,002 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
$221.8K $36.96/SF
− Vacancy
−$22.8K −$3.81/SF
EGI
$199.0K $33.15/SF
− OpEx
−$59.7K −$9.95/SF
NOI
$139.3K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /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%
$2,785,800
Cap Rate 7%
$1,989,857
Cap Rate 9%
$1,547,667
Alternative Uses
Best Use
Retail
$1.99M
$1.74M – $2.32M
NOI $139,290 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$121.60M
$106.40M – $141.86M
NOI $8,511,784 @ 7.0% cap · market cap 460.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,309
Businesses Nearby
Explore this area
Business Placement
Demographics for 91601, CA
39,429
Population
20,539
Households
1.9
Avg Household Size
35
Median Age
51%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
15,165
Density / Sq Mi
$77,540
Median Household Income
$48,907
Median Earnings
$2,115
Median Rent
$961,700
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Street-front retail in North Hollywood Arts District with high visibility.
Where is this retail space located?
The property is located at 5152 Lankershim Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Premier street‑front retail space in the North Hollywood Arts District.; High visibility and frontage on Lankershim Blvd with over 50,000 cars passing daily.; Located in a vibrant, high‑foot‑traffic area.
