5536 Satsuma AVE Active Save Request In-Person Tour Request Virtual Tour
North Hollywood,CA 91601
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25146490
Year Built 1929
Lot Size 0.472 Acres
Property Sub-Type Retail
Property Description
5524-5536 Satsuma Ave features a total of 10,822 square feet of rentable space, including a 1,400-square-foot warehouse, a 2,430-square-foot flex unit, and 19 ghost kitchen units totaling 6,992 square feet. The property is designed to support a range of industrial, creative, and culinary uses. Tenants benefit from ample parking, efficient access for deliveries, and a prime location in North Hollywood with proximity to major transportation routes and business services. The MR2-1VL zoning provides flexible use options and significant growth potential across various industries, making this a strategic opportunity for tenants seeking adaptable industrial space.
This property offers an ideal opportunity for an owneruser with 8 available prep kitchens, commonly referred to as "ghost kitchens." The seller will cover the lease rate and utility reimbursements for all 8 kitchens for a full year following the close of escrow.
Alternatively, the potential investor can opt to take the estimated $220,800 value and apply it toward closing costs, renovations, an aggressive marketing strategy, or any other use they deem fit, providing flexibility and significant upside potential.
This multi-tenant industrial flex building is constructed with durable steel and masonry brick, offering a secure, gated environment. It features 10'–15' clear ceiling heights, providing versatile space for various industrial uses. Fluorescent fixtures ensure efficient lighting throughout, while the property is equipped with 800A/3P heavy amperage, accommodating highpower demands for manufacturing or distribution.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning MR2-1VL
Interior
Heating Central
Cooling Central Air
Laundry None
Exterior
Fence Excellent Condition,Wrought Iron
Building
Lot Description 21-25 Units/Acre
Story 1
Water Public
Others
Special Listing Condition Standard