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    5115 Lankershim Blvd North Hollywood, CA 91601-6836
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    Property profile & analytics

    5115 Lankershim Blvd, North Hollywood, CA 91601-6836

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    • Investment properties
    • 336,041 SF
    • 2.05 lot acres
    Off-Market
    Property ID
    US09-8315845
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • L + O Apartments / Apartment Building
    • Sofas Exclusive / Home Decor Store / Furniture & Home Goods
    • Blueberry Air / HVAC Service / General Contractor
    • M3THOD Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • kk locksmith / Locksmith

    Property Details for 5115 Lankershim Blvd

    Year built
    2019
    Construction
    WOOD
    Lot size
    2.05 lot acres
    Zone code
    LAC4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    2353-004-041
    APU
    2353004041

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 26, 2025 — Noho Propco LLC Noho Propco LLC Deed · related —
    Sep 17, 2021 — Noho Propco LLC — Deed · related $132.5M · Commonwealth Annuity And Life Insurance
    Oct 22, 2019 — Noho Propco LLC — Grant Deed · related $130M · Walker & Dunlop Com'l Prop Fnd
    Jun 9, 2017 — Camden Noho Spv LLC Noho Ka Oi LLC Quit Claim Deed · related $70.5M · Bank Of The Ozarks
    Apr 22, 2015 $4,412,000 Camden Noho Spv LLC Jurmann Y Living Trust Trustees Deed $15M · Can IV Noho LLC
    Apr 30, 2010 — Jurmann,yvonne Living Trust Jurmann,yvonne Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $113,415,000
      6.5%
      $104,690,000
      7%
      $97,210,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $63,464,000
      Market price range: $22.0M - $63.5M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $157,605,000
      Current use
      AUTO REPAIR, GARAGE
      $153,845,000
      Change: -2% Conversion: Difficult
      MEDICAL BUILDING
      $152,760,000
      Change: -3% Conversion: Easy
      OFFICE BUILDING
      $149,620,000
      Change: -5% Conversion: Easy
      RETAIL STORES
      $144,500,000
      Change: -8% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $142,930,000
      Change: -9% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.375
    Latitude
    34.1635
    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
    $1,715,717
    $14,942,084
    $123,279,829
    $138,221,913
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      5,440 SF

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      5411 Camellia Ave

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      3,827 SF

      5258 Tujunga Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      5258 Tujunga Ave, North Hollywood, CA 91601-3120
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    • Value Estimation by Request
      1,763 SF

      5024 Lankershim Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
      5024 Lankershim Blvd, North Hollywood, CA 91601-4222
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,824 SF

      Mixed-Use Investment Opportunity

      Fully occupied mixed-use property in North Hollywood with value-add potential.
      10761 Burbank Blvd, Los Angeles, CA 91601
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      5,440 SF

      North Hollywood Mixed-Use Property

      Mixed-use property with residential and commercial units in North Hollywood.
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    • $1,385,000
      Pending

      Remodeled North Hollywood Mixed-Use Property

      Mixed-use property with remodeled office and updated townhouse residence.
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    • New
      $1,385,000

      Mixed-Use Office and Townhouse

      Renovated front office with street visibility plus an updated rear townhouse offers flexible live-work or rental options.
      11488 Burbank Blvd, North Hollywood, CA 91601
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      Triplex in North Hollywood Border

      Triplex with strong rental potential on Burbank-North Hollywood border.
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      3,092 SF

      Modernized Creative Production Facility

      State-of-the-art creative studios in a prime location.
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    Similar Nearby for Lease

    • $105 SF/Yr
      400 SF

      Los Angeles Commercial Kitchen Space

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      2,000 SF

      Prime LA Flex Space, Satsuma Ave

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    • $3,500 /Mo

      Commercial Lot with Small Building

      Commercial lot with a small building available for lease.
      5624 Cahuenga Blvd, Los Angeles, CA 91601
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    • Contact for pricing

      Lankershim Plaza

      Discover many ways to work your way in Lankershim Plaza
      5250 Lankershim Blvd, Los Angeles, CA 91601
      View Details
    • Contact for pricing
      6,300 SF

      Free Standing NoHo District Building

      Free standing building in NoHo District with parking and offices.
      10605 Chandler Blvd, North Hollywood, CA 91601
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      Furnished Office Space Available

      Tailored office spaces with flexible options and global network.
      5250 Lankershim Blvd, North Hollywood, CA 91601
      View Details
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    North Hollywood, CA 91601-6836
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    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
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