5142 Lankershim Boulevard
North Hollywood, CA 91601

PRICE: $2,700,000

 

Multi-tenant Retail Building​

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The Hirth Group comprised of Ethan Donel, Alex Reyhan, and Daniel Hirth have been exclusively retained by ownership to facilitate the sale of 5142 Lankershim Boulevard, a trophy asset located in the heart of the North Hollywood Arts District.

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The subject property consists of a ±4,295 square foot building situated on a ±5,823 square foot C4-zoned lot. Originally constructed in 1945 and substantially renovated in 2016, the property is partially occupied, with Cloud 9 Nails leasing ±695 square feet on a month-to-month basis, while the remaining ±3,600 square feet is delivered vacant, offering immediate occupancy and flexibility for an owner-user.

 

The property features strong frontage along Lankershim Boulevard with expansive storefront exposure and prominent signage opportunities. The vacant portion offers an open, highly adaptable layout with an 11’3” clear height, while six (6) on-site parking spaces - a rare amenity in the immediate area - further enhance usability. Recent capital improvements include new HVAC units, upgraded plumbing, and updated electrical systems, allowing a buyer to acquire a well-maintained asset with major infrastructure improvements already in place.

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​5142 Lankershim Boulevard presents a compelling owner-user opportunity within one of the Valley’s most sought-after submarkets. SBA financing with as little as 10% down enhances accessibility, while an owner-user may occupy the entire building or utilize the vacant portion while collecting income from the existing tenant to offset operating expenses.

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Situated in the North Hollywood Arts District, the property is surrounded by a dense mix of theaters, production studios, restaurants, cafés, galleries, and mixed-use developments that drive consistent pedestrian and vehicular traffic. The property is also located just steps from the newly approved District NoHo development, a major mixed-use project planned to deliver over 1,500 residential units along with retail and office uses, further strengthening long-term demand in the immediate area.