12
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$5,650,000
Est. payment /mo
0.45 Acres Lot
New
12734 Sherman WAY North Hollywood, CA 91605
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25525611
HOA Y/N No
Year Built 1949
Lot Size 0.455 Acres
Lot Dimensions Assessor
Property Description
We are excited to present 12734-12740 Sherman Way, a prime investment opportunity in the heart of North Hollywood, priced at a 5.41% CAP Rate! The property spans 9,921 SF of buildings on 19,807 SF of LAC2-zoned land, fully leased with 5 tenants generating $33,950 in monthly rental income. Located just off the Sherman Way/Coldwater Canyon intersection, which sees over 48,000 vehicles per day, this property enjoys outstanding visibility and easy access to major traffic routes. The asset consists of three separate structures, totaling 9,921 rentable SF with the following tenants: 1) retail building leased to a floral tenant, 2) multi-tenant automotive structure with six double-wide doors and twelve bays, accommodating three auto repair tenants, and 3) rear building leased to an auto body tenant With a lot size of 19,807 SF, the property provides ample onsite parking and excellent ingress/egress for tenants and customers. The property has gone through significant upgrades, which include: 1) New roof on building 12740, 2) Significant roof upgrades on building 12734, 3) NEW HVAC on building 12734, 4) Title 24 compliance on building 12734, 5) significant sewer line upgrades, and 6) additional upgrades throughout! This unique investment opportunity offers a stable tenant base with a solid in-place yield at a 5.41% CAP Rate on current income, with the potential to achieve a 7+% CAP Rate at market rents. Contact the listing broker for additional information.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAC2
Interior
Fireplace No
Exterior
Community Features Gated
Total Parking Spaces 20
Building
Story 1
Others
Tax ID 2324006059
Security Features Gated Community
Special Listing Condition Standard
Listed by Casey Lins • Kidder Mathews of California, Inc.