Investment Overview

Marcus & Millichap has been retained as the exclusive representative for the ownership of 5142-5144 Lankershim Blvd, a multi-tenant street front retail property with two suites situated in the heart of the North Hollywood Arts District. The building spans 4,295 square feet on a 0.13-acre parcel zoned C4-2D-CA, positioned just four parcels away from the signalized intersection of Lankershim Blvd and Magnolia Blvd. This location boasts a walk score of 97, categorized as a “Walker’s Paradise”. The North Hollywood Arts District, encompassing the one-square-mile area where the property is located, has rapidly evolved into a vibrant hub for the artistic community. It features numerous theaters, upscale restaurants, and cafes. Ongoing construction of new apartment buildings and mixed-use projects has significantly transformed the neighborhood into one of the most desirable commercial destinations in the San Fernando Valley. Currently, the property is 100% leased by two tenants. WACO Theater Center, a performing and visual arts organization, occupies 3,600 square feet. The WACO Theater Center, a fully equipped state-of-the-art 99-seat theater, has made substantial improvements into their suite including a complete interior buildout, new HVAC units, new plumbing, and updated electrical. Cloud 9 Nails, a nail salon that has operated in this location successfully since 2014, occupies the remaining space at market rent. Strategically located, the property benefits from its proximity to the bustling intersection of Lankershim Blvd and Magnolia Blvd, where traffic exceeds 57,000 vehicles daily. Building signage and 55 feet of frontage along Lankershim Blvd enhance the properties visibility and presence. Additionally, the property offers four parking spaces accessed via a rear alley, translating to 1.40 spaces per 1,000 square feet. There is also street parking and public parking lots in the immediate vicinity.