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LOS ANGELES, CA ASSET SALE IN NOHO 5077 Lankershim Boulevard Unit B JOIN:
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L O S A N G E L E S , C A
A S S E T S A L E I N N O H O
5 0 7 7 L a n k e r s h i m B o u l e v a r d
U n i t B
J O I N :
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Investment Overview
ADDRESSUnit B5077 Lankershim Blvd
LOCATIONNorth Hollywood, CA
Physical Description
YEAR BUILT 2015
GLA ±925 SF
CROSS STREETOtsego St
TRAFFIC COUNTSLankershim Blvd ±26,000 ADT
Opportunity Highlights
» Fully fixturized second generation restaurant including all existing furniture, fixtures and equipment
» Centrally located on Lankershim Blvd in the North Hollywood Arts District and directly across the street from the new Whole Foods 365 mixed-use development
» Join National tenants: Firehouse Subs, Pizza Press, Club Pilates, and Massage Envy
» Good signage opportunities facing Lakershim Blvd
» Dense population and with 245,541 within a 3-Mile Radius
Price $150,000
Size 925 SF
Rent $4.25 psf + NNN (approx. $1.00 psf)
Term 9 Years Remaining
Parcel Map
Otsego StLankershim
Blvd
297 Apartments
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Site Plan
Tenat Roster SF
The Pizza Press 2,600 5077 Lankershim Blvd Unit A, North Hollywood, CA 91601
Available 925 5077 Lankershim Blvd Unit B, North Hollywood, CA 91601
Firehouse Subs 1,700 5077 Lankershim Blvd Unit C, North Hollywood, CA 91601
Pho Noho 1,492 5077 Lankershim Blvd Unit D, North Hollywood, CA 91601
Massage Envy 1,900 5077 Lankershim Blvd Unit E, North Hollywood, CA 91601
Pilates Studio 1,658 5077 Lankershim Blvd Unit F, North Hollywood, CA 91601
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Surrounding Tenants
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AREA OVERVIEW
DemographicsPOPULATION 1 MILE 3 MILE 5 MILE
2010 Census 40,095 232,527 585,833
2018 Estimate 44,611 245,541 614,089
2023 Projection 45,524 250,007 625,753
POPULATION GROWTH 1 MILE 3 MILE 5 MILE
Percent Change: 2010 to 2018 11.26 % 5.60 % 4.82 %
Percent Change: 2018 to 2022 2.05 % 1.82 % 1.90 %
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2010 Census 18,762 97,003 238,822
2018 Estimate 21,302 104,586 255,419
2023 Projection 22,216 108,794 266,129
INCOME 1 MILE 3 MILE 5 MILE
Average Household Income $76,742 $99,377 $102,583
Median Household Income $58,360 $67,019 $64,796
North Hollywood, or NoHo as many call it, is a thriving suburb of Los Angeles less than 10 minutes through the Hollywood Hills from bustling Hollywood Boulevard. Situated perfectly in the beautiful San Fernando Valley, North Hollywood provides the best of both suburban living and the dynamic LA life. It is a full-fledged, well-developed diverse neighborhood that combines history, community, arts, and entertainment and offers everything a person needs within walking distance. Most retail activity sits along the triangle of streets between Lankershim Boulevard and Vineland Avenue, known as the Arts District. There are many bars, shops, restaurants and more things to do all over the neighborhood.
In recent years, the NoHo Arts District has been expanding with the intention of creating a pedestrian-friendly “urban village.” North Hollywood is also home to the Academy of Television Arts & Sciences and shares a border with Universal Studios to the south.The city has sustained transformation as it continues to provide increasingly better opportunities to work, play, and live. A surge of new construction turned North Hollywood into the bustling community it is now. Today, NoHo is home to a variety of development projects aimed at maintaining its historic character while also building new places for residents to live, work, and play.
Transportation
North Hollywood
With the Bob Hope Airport along its northeast border and new metro stations added for the Red and Orange Line transforming North Hollywood into a regional hub for the entire valley, it has never been easier
to get to and from NoHo than it is today. North Hollywood is bordered by freeways, making it easy to get just about anywhere in a hurry.
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JOSH CORDRAY LEASING ASSOCIATE
DIRECT (310) 919-5839MOBILE (818) [email protected] # 02039302
MICHAEL PAKRAVAN SVP & NATIONAL DIRECTOR
DIRECT (310) 919-5737MOBILE (213) [email protected] # 01706065 (CA)
5077 Lankershim Blvd Unit B | North Hol lywood, CA
A S S E T S A L E I N N O H O
