North Hollywood (los Angeles), CA 91605,12734 Sherman Way
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North Hollywood (los Angeles), CA 91605,12734 Sherman Way
North Hollywood (los Angeles), CA 91605,12734 Sherman Way
North Hollywood (los Angeles), CA 91605,12734 Sherman Way
North Hollywood (los Angeles), CA 91605,12734 Sherman Way
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$ 5,495,000
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12734 Sherman Way North Hollywood (los Angeles), CA 91605

9,921 SqFt


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Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 9,921 sqft

Price per Sqft $553

MLS Listing ID CL25525611

HOA Y/N No

Year Built 1949

Lot Size 0.455 Acres

Acres 0.45

Property Sub-Type Comm Ind For Sale

Property Description

We are excited to present 12734-12740 Sherman Way, a prime investment opportunity in the heart of North Hollywood, priced at a 5.60% 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 soli

Location

State CA

County Los Angeles

Zoning LAC2

Interior

Fireplace No

Exterior

Total Parking Spaces 20

Building

New Construction No

Others

Tax ID 2324006059


Bridge MLS
Listed by Casey Lins • Kidder Mathews of California, Inc.
agent

Sandra Lucas

Broker Associate | License ID: 01496944

+1(925) 464-8400

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12734 Sherman Way