5536 Satsuma Avenue new Save Request In-Person Tour Request Virtual Tour
North Hollywood (los Angeles),CA 91601
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 13,144 sqft
Price per Sqft $514
MLS Listing ID CRIV25146490
HOA Y/N No
Year Built 1929
Lot Size 0.472 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
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, gat
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Central Air
Fireplace No
Building
Water Public