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    5152 Lankershim Blvd Los Angeles, CA 91601

    Sponsored
    For Sale
    $2,599,000

    Prime NoHo retail, vacant, owner-user opportunity.

    Property size:
    6,002 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents two vacant retail units totaling 6,002 square feet situated on Lankershim Boulevard in the vibrant NoHo Arts District of Los Angeles, California. The property, built in 1937, features 4,200 square feet of net rentable space and sits on a 6,002 square foot lot. Currently vacant, this owner-user opportunity allows for complete customization to suit your business needs. With a list price of $2,599,000, the property boasts a 4.14% cap rate and a net operating income (NOI) of $107,477. The property's prime location offers exceptional visibility and high foot traffic, benefiting from over 50,000 cars passing daily on Lankershim Boulevard. Its proximity to the Metro Red Line station and easy access to the CA-170 and 101 freeways ensure excellent accessibility. The LAC4 zoning provides flexibility for various retail uses. This is a rare chance to establish a strong presence in one of Los Angeles' most dynamic and sought-after neighborhoods, surrounded by thriving businesses and community favorites. The property's address is 5152 Lankershim Blvd, Los Angeles, CA 91601, and the APN is 2353-005-015. The building is a single-story structure with two units.

    Property Features for 5152 Lankershim Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,002 SF

    Building Details

    Year Built
    1937
    Stories
    1
    Units
    2

    HighLights

    • Prime NoHo Arts District location.
    • High‑traffic Lankershim Boulevard location.
    • Two commercial/retail spaces available; C4 zoning.
    • Owner‑occupied opportunity; vacant possession.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fuzion Force LA Dance Company

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3739752
    Latitude
    34.1643675

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    FAQs

    What type of property is this?
    Individual retail property - Prime NoHo retail, vacant, owner-user opportunity.
    Where is this individual retail property located?
    The property is located at 5152 Lankershim Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,599,000.
    What are key features of this property?
    This property features: Prime NoHo Arts District location.; High-traffic Lankershim Boulevard location.; Two commercial/retail spaces available; C4 zoning.
    Request Owner's contact information
    5152 Lankershim Blvd Los Angeles, CA 91601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5152 Lankershim Blvd Los Angeles, CA 91601
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