8125 Lankershim Blvd North Hollywood, CA 91605

$4,357,000 Sold Price as of 05/27/2020

-- Beds
-- Baths
17,014 Sq.Ft.

Off Market

$4,357,000 Sold Price as of 05/27/2020 Refinance Your Mortgage

Map preview of 8125 Lankershim Blvd, North Hollywood, CA 91605

Property Overview: 8125 Lankershim Blvd North Hollywood, CA has -- bedrooms, -- bathrooms, 17,014 living square feet and 32,907 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

8125 Lankershim Blvd is currently an off market home in the city of North Hollywood. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of North Hollywood has a median list price of $970,000. The median price per/sqft for North Hollywood is $610. With those numbers in mind, if you are looking to purchase a median priced home in North Hollywood, CA and put 20% down you will need to save up $194,000 for the down payment and will need roughly $19,400 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in North Hollywood the commission could be as much as $45,250. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 8125 Lankershim Blvd

Last sold for $4,357,000 on May 27th, 2020

May, 2020
May 27, 2020

Date

Sold (Public Records)

Public Records

$4,357,000

Price
May, 2020
May 20, 2020

Date

Sold

CRMLS: 20557458

$4,357,000

Price
Feb 23, 2020

Date

Active

CRMLS: 20557458

$3,900,000

Price
Listing provided courtesy of CRMLS

Maher Commercial Realty is pleased to present 8125 Lankershim Blvd, North Hollywood, a "flex" building with approximately 40% office space and 60% industrial in its current condition. The subject site is currently vacant and sits on a large +/- 32,000 square foot parcel zoned M1. The building has 14' ceiling clearance, two roll-up doors, and 400 amps power. There is also an accompanying cell tower lease which generates $3,086.81 per month. This is the perfect owner-user or investor opportunity. An owner-user can purchase the site with 10% down on an SBA 504 loan and pay less per month than renting a similar property in the area. An investor can purchase the property and at an estimated $1.25 per foot NNN in pro forma rent and the incoming cell tower rent can operate the building at an estimated 6.7% cap rate. Property currently has a cell tower lease in-place that generates $3,081.81 per month and can be sold for an additional $400,000.

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Tax History for 8125 Lankershim Blvd

Assessed Value (2020): $580,334

Year	Land Value	Improved Value	Assessed Value
2020	$134,252	$446,082	$580,334

About 8125 Lankershim Blvd

Detailed summary of property

8125 Lankershim Blvd is categorized with a use code of Manufacturing (Light) in North Hollywood, CA 91605 and last sold on May 27, 2020 for $4,357,000. This property has -- bedrooms, -- bathrooms, roughly 17,014 living square feet, and sits on an approximately 32,907 square foot lot. Homes in North Hollywood are selling for a median price of $905,000 and a median price per square foot of $607. Based on Ardent Real Estate Group's North Hollywood Market Data, this home is sold 381.44% higher than the current median priced home. 8125 Lankershim Blvd was last sold on May 27, 2020 for $4,357,000. Local nearby listings include 3657-1 Regal Pl #3657, 7863 Mulholland Dr and 3625 Fredonia Dr #2. The average home in North Hollywood, CA is selling in 92 days. There are currently 167 homes for sale in the North Hollywood real estate market and 131 of them are single family homes while 31 of them are condos and 5 are townhomes. If you are the homeowner and looking to sell the home at 8125 Lankershim Blvd North Hollywood, CA 91605 contact Ardent Real Estate Group and we will put you in touch with one of our North Hollywood agents.

Public Facts for 8125 Lankershim Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1965
Sq. Ft.: 17,014
Lot Size: 32,907
Stories: 1

Type: Manufacturing (Light)
Pool: No
Spa: No
County: Los Angeles
Lot#: 13
APN: 2310-007-033

The source for these homes facts are from public records.

91605 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$924,999

Median List Price/Sq.Ft.

$581

Median Sold Price

$890,000

Median Sold Price/Sq.Ft.

$547

Total Inventory

Median Sale to List Price %

101.15%

Avg Days on Market

Loan Type

Conventional (40%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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