Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4406 Lankershim Blvd North Hollywood, CA 91602

    • Turn key restaurants
    • 2,394 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Jul 08, 2024
    $175,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7696376
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 4406 Lankershim Blvd

    Year built
    1942
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    2,394 SF
    Zone code
    LAC2
    Property type
    Turn key restaurants
    APN
    2423-006-004
    APU
    2423006004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.366
    Latitude
    34.1507
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,038
    $91,252
    $131,587
    $222,839
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,455 SF

      11401 Moorpark St

      RESTAURANT • 1,455 SF
      11401 Moorpark St, North Hollywood, CA 91602-2009
      View Details
    • Value Estimation by Request
      3,576 SF

      4761 Lankershim Blvd

      RESTAURANT • 3,576 SF
      4761 Lankershim Blvd, North Hollywood, CA 91602
      View Details
    • Value Estimation
      $2,190,000
      3,995 SF

      4615 Lankershim Blvd

      RESTAURANT • 3,995 SF
      4615 Lankershim Blvd, North Hollywood, CA 91602-1801
      View Details
    • Value Estimation
      $535,000
      5,650 SF

      4212 Lankershim Blvd

      RESTAURANT • 5,650 SF
      4212 Lankershim Blvd, North Hollywood, CA 91602-2855
      View Details
    • Value Estimation by Request
      2,900 SF

      4410 Lankershim Blvd

      RESTAURANT • 2,900 SF
      4410 Lankershim Blvd, North Hollywood, CA 91602-2307
      View Details
    • Value Estimation
      $4,055,000
      717 SF

      10803 Riverside Dr

      RESTAURANT • 717 SF
      10803 Riverside Dr, North Hollywood, CA 91602-2308
      View Details

    Similar Nearby for Sale

    • $365,000
      4,800 SF

      Established Franchise Store in Hollywood

      Well-established Baja Fresh franchise in prime Hollywood location for sale.
      10760 Riverside Dr, North Hollywood, CA 91602
      View Details
    • Contact for pricing
      9,433 SF

      Lankershim Blvd Retail Portfolio

      Prime LA Retail, High Visibility
      4111 Lankershim Blvd, Los Angeles, CA 91602
      View Details
    • $500,000

      Hardware Business Opportunity in North Hollywood

      Profitable hardware business with established reputation and valuable vintage inventory.
      4382 Lankershim Blvd, North Hollywood, CA 91602
      View Details
    • $724,500
      1,382 SF

      Toluca Lake Condo with Amenities

      Modern 2-bedroom condo with pool, sauna, and recreation room.
      10824 Bloomfield St, North Hollywood, CA 91602
      View Details
    • $4,695,000

      Los Angeles NNN Property

      NNN property available in Los Angeles, California.
      10814 Blix St, North Hollywood, CA 91602
      View Details
    • $8,500,000

      Toluca Lake Multifamily Investment Opportunity

      18-unit apartment complex in prime Toluca Lake location.
      4406 Cahuenga Blvd, Toluca Lake, CA 91602
      View Details

    Similar Nearby for Lease

    • $3,900 /Mo
      1,395 SF

      North Hollywood Office/Retail Space

      Versatile 1395 SF space suitable for office or retail.
      Kling St North Hollywood, North Hollywood, CA 91602
      View Details
    • $3,995 /Mo
      1,395 SF

      Remodeled Office Space in North Hollywood

      Remodeled office space perfect for small businesses and creative endeavors.
      10944 Kling St, North Hollywood, CA 91602
      View Details
    • $3 SF/Yr
      19,238 SF

      Renovated Office Space Available

      Office space with renovated common areas, close to studios.
      10999 Riverside Dr, North Hollywood, CA 91602
      View Details
    • $3 SF/Yr
      8,084 SF

      Medical/Office Space for Sublease

      Approximately 1,900 SF medical/office space available for sublease.
      4789 Vineland Ave, North Hollywood, CA 91602
      View Details
    • $21 SF/Yr
      15,205 SF

      Prime Toluca Lake Executive Suites

      Los Angeles Office Space for Lease
      11336 Camarillo St, Los Angeles, CA 91602
      View Details
    • Contact for pricing
      1,752 SF

      North Hollywood Executive Suites

      Prime Office Space, Newly Renovated
      10999 Riverside Dr, Los Angeles, CA 91602
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4406 Lankershim Blvd
    North Hollywood, CA 91602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.