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Listed by Raymond Rodriguez • Equity Union
$1,150,000
Est. payment /mo
3,130 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 3,130 sqft
Price per Sqft $367
MLS Listing ID CRSR25276755
HOA Y/N No
Year Built 1940
Lot Size 7,351 Sqft
Property Sub-Type Mixed Use
Source Datashare California Regional
Property Description
We are proud to present a legal 4-unit mixed-use property per public records, currently configured as 6 units, located at 11311 Burbank Blvd in the NoHo Arts District of North Hollywood, CA. Built in 1940, this two-story property consists of approximately ±3,130 square feet on a ±7,351-square-foot lot and is zoned LAC2. The property includes a mix of one-bedroom residential units and a non-conforming commercial space currently configured as residential. The property is offered at an approximate 10.05 GRM. Amenities include on-site laundry facilities, assigned parking, and enclosed rear yards for select units. Per Seller, electrical panels have been upgraded. Select units feature updated interiors, vinyl windows, and lower-level units with private rear yards. Located in the NoHo Arts District, the property benefits from proximity to residential, retail, transit, and cultural amenities. Approximately ±23.8% projected rental upside may exist based on current rents. LAC2 zoning may allow for future expansion, redevelopment, or reconfiguration, subject to applicable approvals. Situated along Burbank Boulevard, the property offers visibility, accessibility, and access to nearby shopping, dining, and entertainment. The NoHo Arts District features a concentration of theaters, gallerie
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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