6045 Vineland Avenue, North Hollywood, CA 91606

$1,099,000

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List Price
$1,099,000
Status
ACTIVE
MLS#
GD26221289
Year Built
1939
Lot Size
4,737
Acres
0.11
Lot Location
0-1 Unit/Acre
Days on Market
1
Property Type
Commercial
Short Sale
Yes
Property Sub Type
Office

Property Description

Rare opportunity to acquire a freestanding commercial building in one of North Hollywood’s most desirable commercial corridors. Offered at $1,099,000 (approximately $338 per square foot), this 3,247 SF single-story property is built to the rear property line (zero lot line). Flexible C2-1 zoning suitable for office, creative, medical, or select retail uses, and can be delivered vacant. The property features three suites, including a fully equipped commercial kitchen, private offices, abundant storage, shared outdoor patio access, and five on-site parking spaces. Recent capital improvements include upgraded copper plumbing, HVAC ducting, and a new electrical panel. The building needs some TLC, which is reflected in the pricing and gives a buyer the opportunity to add value. The rear 671 SF suite is leased at $3.62/SF ($2,429/month) through January 1, 2028, with the option to deliver vacant. The two remaining suites are month-to-month, and all leases are gross. The property is well-suited for an owner-user or an investor seeking in-place income with repositioning upside in one of the Valley’s most active commercial corridors.

Additional Information

Heat
Forced Air
Water
Public
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$99,360

Listing courtesy of Listing Agent: Arthur Ambarchyan (Arthur@natprops.com) from Listing Office: Keller Williams R. E. Services.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.