Overview
- Mixed Use
- 2014
Description
Absolute NNN with actual 5% CAP and 23-unit mixed-use redevelopment potential. Freestanding restaurant building on a high-traffic stretch of Burbank Blvd in North Hollywood. 100% leased under an absolute triple-net (NNN) lease through 12/31/2029 with a 60-month renewal option. Contractual rent growth is locked in via a Fixed Rental Adjustment schedule. Building constructed in 2014. LAC4 zoning with confirmed Transit Oriented Communities (TOC) Tier 3 status and no minimum parking requirement under state law (AB 2097). Approximately 0.5 miles to the North Hollywood Metro Station (B/Red Line + G/Orange Line). This is a living trust sale — no court confirmation required. The adjacent parcel at 11486 Burbank Blvd is separately available; combined, the two contiguous parcels support up to 23 mixed-use units across 6 stories under confirmed TOC Tier 3 zoning.
Address
Open on Google Maps- Address Burbank
- City North Hollywood
- State/county Los Angeles
- Zip/Postal Code 91601
Details
Updated on September 22, 2026 at 8:10 pm- Property ID: HZSR26207014
- Price: $1,115,000
- Year Built: 2014
- Property Type: Mixed Use
- Property Status: Commercial Sale
- Listed by: Nick Nekoo
- DRE #: 01337329
- Contact Phone: 3109060055
- Contact Mail: nicknekoo@gmail.com
- Brokered by: Prestige Beverly Hills
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