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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
    2016
    2016
    2006
    1996
    1992
    $1.1M
    1969
    Zoning & alternative use
    LAC4 · North Hollywood, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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