7119-7125 Laurel Canyon Boulevard

7119-7125 Laurel Canyon Boulevard
Jay Rubin, Principal
Owner User/Investment Opportunity
7119-7125 Laurel Canyon Boulevard • North Hollywood, CA
Corp ID 01191898
818.223.4385
jrubin@lee-re.com
BRE# 01320005
7119-7125 Laurel Canyon Boulevard
Owner User/Investment
Opportunity
North Hollywood • California
PROPERTY DETAILS
Location:
7119-7125 Laurel Canyon Blvd.
North Hollywood, CA
APN#:
2321-001-011
Sale Price:
$1,999,999.00 ($155/Sq. Ft. Building)
($76.85/Sq. Ft. Land)
Building Size:
12,884 SF*
Land Size:
26,023 SF
Parking:
Abundant
Zoning:
M1
Street Frontage:
100 feet on Laurel Canyon Blvd.
Year Built:
1965
*Per LA County Assessor - Buyer to verify during due diligence
INVESTMENT HIGHLIGHTS
ƒƒ Rare owner/User Investment Opportunity
ƒƒ 6 Tenants (5 Month-to-Month)
ƒƒ Prime Automotive Location
ƒƒ Bay Doors: 9 (1-3 per Unit)
ƒƒ Highly Visible Signage
ƒƒ Below Market Rents
ƒƒ Easy Access to 170 Freeway
7119-7125 Laurel Canyon Boulevard
Owner User/Investment
Opportunity
North Hollywood • California
CURRENT INCOME
Unit Tenant
Unit
SF***
%Total
Lease
Start
Lease
Exp.
Current
Base
Rent* Rent/SF
Type**
1
Platinum Auto
2,414
18.9%
7/1/2011
6/30/2016
$1,775
$0.74
MG
2
Aligned Construction Co.
1,500
11.7%
1/26/2013
MTM
$1,000
$0.67
MG
3
Aligned Construction Co.
1,500
11.7%
1/26/2013
MTM
$1,000
$0.67
MG
4
National Auto
1,854
14.5%
6/1/1988
MTM
$1,033
$0.56
MG
5
Greg Hargis
810
6.3%
9/1/1996
MTM
$605
$0.75
MG
6
National Auto
1,500
11.7%
6/1/1988
MTM
$836
$0.56
MG
7
Global Trends
1,600
12.5%
10/1/1998
MTM
$880
$0.55
MG
8
Zebra Marketing
1,600
12.5%
11/30/2012
11/30/2014
$1,100
$0.69
MG
$8,229
$0.64
Total:
100.0%
* Below market rents. ** Tenant pays utilities and janitorial. ***Unit sizes are estimates.
DEMOGRAPHICS
Total Household:
Average Household Income:
Employees:
Total Population:
Traffic Counts (2012):
1 Mile
3 Miles
5 Miles
12,463
97,857
247,986
$51,598
$63,567
$74,649
11,048
80,633
257,422
42,017
300,093
721,973
71,032 CPD at Laurel Canyon Bl. & Sherman Way
7119-7125 Laurel Canyon Boulevard
North Hollywood • California
Owner User/Investment
Opportunity
SALES INFORMATION
Jay Rubin
Principal
818.223.4385
jrubin@lee-re.com
BRE# 01320005
Website: www. JayRubin-RE.com
Lee & Associates® - LA North/Ventura, Inc.
Corporate ID #01191898
A Member of the Lee & Associates®
Group of Companies
26050 Mureau Rd., Suite 101
Calabasas, CA 91302
P:818.223.4388 F:818.591.1450
No warranty or representation is made to the
accuracy of the foregoing information. Terms
of sale or lease and availability are subject to
change or withdrawal without notice.
Rev. 12-08-2014