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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.
Property Type(s):
Commercial
| Last Updated | 9/22/2026 | Year Built | 2014 |
|---|---|---|---|
| Community | NHO - North Hollywood | County | Los Angeles |
Additional Details
| AREA | NHO - North Hollywood |
|---|---|
| LOT | 2500 sq ft |
| LOT DIMENSIONS | 2,614 SF |
| STORIES | 1 |
| WATER | Public |
Location
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Listed with Prestige Beverly Hills
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