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

    6461 Lankershim Blvd North Hollywood, CA 91606-2816

    • Retail space
    • 2,358 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    $540,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8651616
    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

    • Tropicana Smoke & Vape Shop / Key Duplication Service / Tobacco Shop
    • Tropicana Boba & Tea / Bubble Tea Store
    • Fast Fix Phone Repair / Cell Phone Store / Cell Phone Accessory Store
    • Water Town / Water Purification Company

    Property Details for 6461 Lankershim Blvd

    Year built
    1939
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    2,358 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    2322-017-038
    APU
    2322017038

    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
    -118.388
    Latitude
    34.1883
    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
    $4,720
    $297,420
    $34,426
    $331,846
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,205,000
      13,500 SF

      6315 Laurel Cyn Blvd

      RETAIL STORES (PERSONAL SERVICES) • 13,500 SF
      6315 Laurel Cyn Blvd, North Hollywood, CA 91606-3212
      View Details
    • Value Estimation
      $2,000,000
      8,625 SF

      6233 Laurel Cyn Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,625 SF
      6233 Laurel Cyn Blvd, North Hollywood, CA 91606-3210
      View Details
    • Value Estimation
      $2,450,000
      10,132 SF

      6255 Laurel Cyn Blvd

      RETAIL STORES (PERSONAL SERVICES) • 10,132 SF
      6255 Laurel Cyn Blvd, North Hollywood, CA 91606
      View Details
    • Value Estimation
      $1,720,000
      8,500 SF

      12805 Victory Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,500 SF
      12805 Victory Blvd, North Hollywood, CA 91606-3012
      View Details
    • Value Estimation
      $4,085,000
      12,227 SF

      10945 Victory Blvd

      RETAIL STORES (PERSONAL SERVICES) • 12,227 SF
      10945 Victory Blvd, North Hollywood, CA 91606-3717
      View Details
    • Value Estimation
      $2,015,000
      8,410 SF

      12901 Victory Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,410 SF
      12901 Victory Blvd, North Hollywood, CA 91606-2923
      View Details

    Similar Nearby for Sale

    • $3,000,000
      6,600 SF

      NoHo Retail Building: Prime Location

      6,600 SF Storefront, Owner-User Opportunity
      6030 Laurel Canyon Blvd, Los Angeles, CA 91606
      View Details
    • $875,000
      1,181 SF

      North Hollywood Retail Building For Sale

      Commercial/retail building on Victory Blvd, near Burbank.
      10548 Victory Blvd, North Hollywood, CA 91606
      View Details
    • $200,000

      Remodeled Salon in Valley Glen

      Thriving beauty salon with loyal clientele in high-demand area.
      12505 Oxnard St, Los Angeles, CA 91606
      View Details
    • $875,000

      Retail Building Near Burbank

      Commercial/retail building near Burbank, perfect for owner/user or investor.
      10548 Victory Blvd, Los Angeles, CA 91606
      View Details
    • $995,000

      Leased Commercial Property For Sale

      Fully leased commercial property in North Hollywood, income-producing.
      10544 Victory Blvd, Los Angeles, CA 91606
      View Details
    • $150,000

      Equipped Auto Body Shop

      Fully equipped auto body shop in North Hollywood, California.
      6719 5Th St, Los Angeles, CA 91606
      View Details

    Similar Nearby for Lease

    • $5,700 /Mo
      1,875 SF

      Retail Space on Laurel Canyon

      Prime retail space in North Hollywood with dedicated parking.
      6320 Laurel Canyon Blvd, North Hollywood, CA 91606
      View Details
    • $1.65 SF/Yr
      6,586 SF

      Freestanding Retail Building in NoHo

      6,586 SF retail building in North Hollywood's NoHo Arts District.
      6517 Lankershim Blvd, North Hollywood, CA 91606
      View Details
    • $3,900 /Mo

      Remodeled Retail/Office Space Available

      Remodeled retail or office space with high visibility location.
      11478 Oxnard St, Los Angeles, CA 91606
      View Details
    • $1.56 SF/Yr
      6,750 SF

      Retail Space For Lease

      Retail space available for lease in Los Angeles.
      6418 Lankershim Blvd, North Hollywood, CA 91606
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space Available For Rent

      Retail space available for rent in North Hollywood, CA.
      13039-13069 Victory Blvd, North Hollywood, CA 91606
      View Details
    • Contact for pricing
      1,447 SF

      Retail Space Available For Rent

      Retail space available for rent in North Hollywood, CA.
      13009-13029 Victory Blvd, North Hollywood, CA 91606
      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.
    6461 Lankershim Blvd
    North Hollywood, CA 91606-2816
    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.