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Property profile & analytics
OFF-MARKET Estimated value $6,625,000
Community centers

5160 Vineland Ave North Hollywood, CA 91601-3888

19,200 SF 1.18 ac lot Built 1993
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-0513557
Property summary
AI-generated overview

This exceptional retail opportunity presents itself at Magnolia Shopping Center, a 20,000 square foot property located at 5160 Vineland Ave, Los Angeles, CA 91601. Built in 1993, this multi-tenant shopping center boasts a prime location at a major signalized intersection experiencing approximately 58,000 cars daily, and benefits from a Walk Score of 94. Currently, there are two available spaces: one end-cap unit of approximately 2,000 square feet situated adjacent to a Ralphs Grocery store, and an additional space of approximately 2,400 square feet. The minimum divisible space is 1,500 square feet. The center features recently refreshed and painted interiors, monument signage, and ample parking in a large onsite lot, easily accessible via multiple entrances. Its strategic location near the thriving NoHo Arts District, coupled with its proximity to the Metro Rail and the 101 and 134 freeways, ensures high visibility and accessibility. The area exhibits strong multi-family density, further enhanced by numerous new residential developments currently underway. This property offers a compelling investment opportunity in a rapidly growing and highly desirable Los Angeles neighborhood. 4,400 square feet of space is currently vacant.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1993
Construction WOOD
Total area 19,200 SF
Lot 1.18 ac (51,254 SF)
Zoning code LAC4
APN 2419-001-042
UPID US10-0513557
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
  • Sin City NoHo (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Dr. Yury Gershfeld, DDS Dental Office
  • Jacquelyn Demetroff Physician
  • The Flame Broiler Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.00M
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.63M
Owner & transaction history
Magnolia Vineland Opco LLC · 20 yrs held
Magnolia Vineland Opco LLC
since 2006
7 recorded transactions
2017
Price N/A
2016
Price N/A
2016
Price N/A
2006
Price N/A
1996
Price N/A
1992
$1.1M
1969
Price N/A
Zoning & alternative use
LAC4 · North Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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