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$ 1,250,000
Est. payment /mo
New
5112 5114 Vineland Ave North Hollywood, CA 91601
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD25273001
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
*PLEASE READ ENTIRE LISTING DESCRIPTION* *****PLEASE NOTE***** NOI & CAP rate are calculated based on the value of the ENTIRE property not the Sale price of $1,250,000.00 (50%), therefore, the CAP RATE has been modified as such and may read 12% vs 6%. The Seller is flexible on terms and would like a strong partnership which is why the Seller is offering flexibility on the return on investment with a minimum of 5% return with terms to TBD - please inquire if you have any questions!
Step into a RARE opportunity to acquire 50% ownership of a fully leased mixed-use commercial property in the heart of the North Hollywood Arts District. 5112 & 5114 Vineland Ave offers a unique opportunity for a Buyer and/or Investor to immediately generate income upon the close of Escrow! Offering ±2,469 SF across two contiguous buildings with two APN's for a total lot size of ±4,999 SF, this asset provides a generous return and strong long-term upside. Together, they create a rare dual-parcel opportunity. Although currently 100% leased by strong performing Tenants (one being owner occupied), the C-4 Zoning supports a wide range of retail, medical, veterinary, and other creative uses in addition to FUTURE REDEVELOPMENT potential!
Surrounded in the epicenter of North Hollywood's vibrant Arts District, this property benefits from a blend of dining, entertainment and residential areas, contributing to a highly sought-after location with consistent commercial demand. The property has excellent street visibility & signage, rear alley access, and with close proximity to public transit and green space, the upcoming LA Metro Expansion Project with North Hollywood to Pasadena BRT (Bus Rapid Transit) will only solidify the consistent demand in the neighborhood.
This opportunity is ideal for anyone seeking a stable income with a vision to potentially develop in a high-growth corridor.
Buyer and/or Buyer's Representative are encouraged to perform their own due diligence with the City for current and future zoning uses.
Please reach out to the Listing Agent(s) with any questions – Please do not walk onto the property and/or into the place of business to inquire with any of the Tenants. Please do not call the Tenant's place of businesses to inquire. The BEST and QUICKEST way to receive a response to your inquiry is to send an email to the Listing Agent(s) or a direct inquiry via this database.
Step into a RARE opportunity to acquire 50% ownership of a fully leased mixed-use commercial property in the heart of the North Hollywood Arts District. 5112 & 5114 Vineland Ave offers a unique opportunity for a Buyer and/or Investor to immediately generate income upon the close of Escrow! Offering ±2,469 SF across two contiguous buildings with two APN's for a total lot size of ±4,999 SF, this asset provides a generous return and strong long-term upside. Together, they create a rare dual-parcel opportunity. Although currently 100% leased by strong performing Tenants (one being owner occupied), the C-4 Zoning supports a wide range of retail, medical, veterinary, and other creative uses in addition to FUTURE REDEVELOPMENT potential!
Surrounded in the epicenter of North Hollywood's vibrant Arts District, this property benefits from a blend of dining, entertainment and residential areas, contributing to a highly sought-after location with consistent commercial demand. The property has excellent street visibility & signage, rear alley access, and with close proximity to public transit and green space, the upcoming LA Metro Expansion Project with North Hollywood to Pasadena BRT (Bus Rapid Transit) will only solidify the consistent demand in the neighborhood.
This opportunity is ideal for anyone seeking a stable income with a vision to potentially develop in a high-growth corridor.
Buyer and/or Buyer's Representative are encouraged to perform their own due diligence with the City for current and future zoning uses.
Please reach out to the Listing Agent(s) with any questions – Please do not walk onto the property and/or into the place of business to inquire with any of the Tenants. Please do not call the Tenant's place of businesses to inquire. The BEST and QUICKEST way to receive a response to your inquiry is to send an email to the Listing Agent(s) or a direct inquiry via this database.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning C-4
Interior
Fireplace No
Laundry None
Building
Lot Description 2-5 Units/Acre, Near Public Transit
Story 1
Water Public
Others
Tax ID 2419002014
Special Listing Condition Standard
Listed by Tania Adary Archetype Real Estate Group In [email protected]