11482 Burbank Boulevard, North Hollywood, CA 91601
List Price: $1.11M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 2014
Lot Size: 2,500 sq ft
MLS Number: SR26207014
About This Property
Absolute NNN with actual 5% CAP and 23-unit mixed-use redevelopment potential. Freestanding restaurant building on a high-traffic stretch of Burbank Blvd in North Hollywood. 100% leased under an absolute triple-net (NNN) lease through 12/31/2029 with a 60-month renewal option. Contractual rent growth is locked in via a Fixed Rental Adjustment schedule. Building constructed in 2014. LAC4 zoning with confirmed Transit Oriented Communities (TOC) Tier 3 status and no minimum parking requirement under state law (AB 2097). Approximately 0.5 miles to the North Hollywood Metro Station (B/Red Line + G/Orange Line). This is a living trust sale -- no court confirmation required. The adjacent parcel at 11486 Burbank Blvd is separately available; combined, the two contiguous parcels support up to 23 mixed-use units across 6 stories under confirmed TOC Tier 3 zoning.
Listing provided by: Nick Nekoo DRE #01337329 818-448-5656 nicknekoo@gmail.com, Prestige Beverly Hills
Source: CRMLS, MLS #: SR26207014
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