7350-56 Greenbush Avenue, Los Angeles, CA, 91605

7350-56 Greenbush Avenue Los Angeles, CA 91605

7350-56 Greenbush Avenue, Los Angeles, CA, 91605
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FOR SALE
Property Type:
Factory
Amount:
Please Call Broker for Price

Last Verified:
Oct 15, 2024

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Highlights

  • Combined Building Area: 10,661 SF
  • Combined Land Area: 22,197 SF (0.51 AC)
  • Year Built: 1964
  • Loading Doors: 2
  • Clear Height: 11 and 12
  • Power: 800 AMPS, 240 Volt, 3 Phase, 4 Wire
  • Office SF: 1,775 SF Combined Both Buildings
  • Restrooms: 5
  • Parking: 12 Spaces Combined
  • Sprinklered: No
  • Zoning: M2
  • 7350 Greenbush Avenue: APN 2328-027-060
  • 7356 Greenbush Avenue: APN: 2328-027-050

Description

High Power Industrial Manufacturing

North Hollywood, often referred to as NoHo, is a vibrant neighborhood nestled in the San Fernando Valley within Los Angeles
County. Located approximately nine miles north of Hollywood and 16 miles from Downtown LA, NoHo covers around six
square miles and is home to the renowned NoHo Arts District. This dynamic community is bordered by Sun Valley to the north,
Burbank to the east, Toluca Lake and Studio City to the south, and Valley Village and Valley Glen to the west. With Highway
170 running through the area, residents and visitors enjoy easy access to major freeways including the 5, 101, 134, and 405.

At the heart of North Hollywood is the NoHo Arts District, a one-square-mile creative enclave. Known for its thriving arts scene, the district features over 20 professional live theaters, dance studios, art galleries, music venues, and eclectic dining options. It is a haven for actors, artists, musicians, and enthusiasts, making NoHo the place “Where the Arts Are Made.” The district also serves as a prime location for retail businesses, intimate entertainment venues, and a growing nightlife scene, all while maintaining a distinctly urban and creative vibe.

North Hollywood’s economic landscape is equally compelling, with a robust retail sector supported by a strong local economy. The
neighborhood is rapidly transforming into a regional hub, driven by a growing cluster of tech, production, healthcare, and creative
companies offering high-paying local jobs. The Metro station enhances connectivity, making commuting easier for residents and
providing transit for tourists. Key attractions such as the Academy of Television Arts & Sciences, Universal Studios, the International
Film Festival, and the Art Institute of California – Hollywood continues to draw thousands of visitors and workers to the area each
year. Coworking spaces are also on the rise, offering flexible office options for businesses and self-employed workers alike.

Real estate investment is booming in the NoHo Arts District, which has become a sought-after retail and residential hub. New developments like NoHo West, a mixed-use lifestyle center, along with popular destinations such as NoHo Commons and Lankershim Plaza, are transforming the area. Luxury live/work condo lofts and premier multifamily developments, including the Lofts at NoHo Commons and Living at NoHo, provide class A housing options that attract a built-in consumer base for local and national businesses alike.

Building Size: 5691sq ft
Lot Size: 0 acres

Map of 7350-56 Greenbush Avenue, Los Angeles, CA, 91605

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.