5321 Laurel Canyon Blvd Los Angeles, CA 91607
- Retail properties
- 6,490 SF
- 0.22 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5321 Laurel Canyon Blvd
- Year built
- 1967
- Lot size
- 0.22 lot acres
- Property size
- 6,490 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents the fee simple ownership (land and building) of a Shakey's Pizza restaurant in Los Angeles, CA. Located at 5321 Laurel Canyon Blvd, Los Angeles, CA 91607, this 6,490 square foot restaurant sits on a 0.22-acre lot and is zoned C2 - Commercial Zone. The property, built in 1967, boasts a strong location near Universal Studios Hollywood and NOHO West shopping center, benefiting from high traffic counts and a dense population with affluent demographics. The current franchisee tenant has a lease with approximately 8.1 years remaining, including two 5-year options to extend, demonstrating a long-term commitment. The lease features 3% annual rental increases, protecting against inflation. The lease is a triple-net lease (NNN), with landlord responsibilities limited to roof and structure, making this a low-management investment. The asking price is $3,415,000, representing a price per square foot of $526.19 and a cap rate of 5.35%. The current Net Operating Income (NOI) is $182,719. The property includes five parking spaces directly behind the building. An easement and right-of-way exist along the property line
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.397
- Latitude
- 34.1674
