Prime Retail Space on
5152 Lankershim Blvd Los Angeles, CA 91601
5152 Lankershim Blvd, Los Angeles, CA, 91601
Contact for pricing
For Sale
Contact for pricing
Street-front retail in North Hollywood Arts District with high visibility.
Property Size6,002 SF
Price / SF$308.23
Days on Market624
Property Features for 5152 Lankershim Blvd
General Information
- Standard status
- Active
- Size
- 6,002 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1937
Listing agency
KW Commercial Studio City
(818) 432-1500
Listed by
James Antonucci · License #CA 01822661
Source
Crexi
Added: Nov 5, 2024 Updated: Jul 10 at 11:22AM Checked: Jul 21 at 5:40AM
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.
Local Financial Insights For 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 | $221.8k | $36.96 |
| − Vacancy | −$22.8k | −$3.81 |
| EGI | $199.0k | $33.15 |
| − OpEx | −$59.7k | −$9.95 |
| NOI | $139.3k | $23.21 |
6,002 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fuzion Force LA
Theater & Performing Art Venue
Similar For Sale Nearby
FAQs
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.
