5041 Lankershim Blvd._Property for Sale
5041 Lankershim Blvd._Property for Sale
5041 Lankershim Boulevard, Los Angeles, CA, 91601, US

5041 Lankershim Blvd.

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire 5041 Lankershim Blvd (“Property”), a 0.62-acre vacant retail center fully entitled for a 148-key hotel redevelopment project. The Property is also a part of City of Los Angeles’ Housing Element and allows by-right multihousing developments. The Property also has existing income through a parking agreement and generates $6,270 monthly. The lease expires on January 2026 but can be terminated after January 22, 2025 with a 6 month notice prior to the termination date.

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Attributes

Land area gross
0.62 acres
Building area net
8,217 sf
Zoning
(Q) C4-2D

Media

Investment Highlights

  • FULLY ENTITLED
  • FLEXIBLE ZONING
  • EXISTING INCOME
  • TOURIST HOT SPOT
  • EASY TRANSPORTATION

Contact brokers

5041 Lankershim Blvd. (0 Properties)

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Last updated
12 Jul 2024