7231 Hinds Ave — Sale in North Hollywood, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Office
- Location: North Hollywood, CA 91605
- Year built: 1992
Photos
Investment Figures
- Cap rate
- 3.42%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present 7231 Hinds Avenue, a rare owner-user industrial/flex opportunity totaling approximately 6,273 square feet on a 0.15-acre M2-1 zoned parcel situated in one of the San Fernando Valley's most established infill industrial submarkets. Constructed in 1992, the property offers a modern and highly functional design. Constructed with durable masonry CMU construction on the ground floor and steel/wood-frame stucco construction on the second level, the property offers a highly functional industrial layout featuring approximately 14-foot clear height on the ground floor, 400-amp 120/240V 3-phase power, a ground-level loading door, full HVAC throughout, and a secure gated concrete parking and loading area with approximately 11 off-street parking spaces. The building is fully fire-sprinklered and serviced by a recently upgraded centrally monitored fire sprinkler system, creating a versatile owner-user facility capable of accommodating a wide range of industrial and commercial operations. While the property's Certificate of Occupancy was recently converted from Warehouse/Office use to an Indoor Nursery (Hydroponic Agricultural Enterprise), the underlying M2-1 zoning supports a broad spectrum of industrial and commercial uses. Furthermore, the property's eligibility under California AB 2097 may allow certain parking-intensive uses to occupy the building without the need to construct additional parking, enhancing long-term flexibility and adaptability for future ownership. Buyers should independently verify all permitted uses, parking requirements, and regulatory matters Strategically located within the East San Fernando Valley, 7231 Hinds Avenue offers convenient access to North Hollywood, Burbank, Sun Valley, Van Nuys, and the greater Los Angeles region. The surrounding area is home to a diverse collection of manufacturing, logistics, aerospace, technology, entertainment, and media-related businesses, providing access to one of Southern Ca
Market Context
This office in North Hollywood, CA is listed for sale. It is offered at an approximate 3.4% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1992. Compare it against other office listings for sale in North Hollywood, CA — view the full market.
As of Q2 2026, the Greater Los Angeles office market showed average asking rents near $43.08/SF/yr. Source: multiple brokerage reports, Q2 2026.
Estimated Price per SF
$120.58/SF – $876.96/SF
Mid: $365.40/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Marty Agnew · (818) 212-2744 · martin.agnew@marcusmillichap.com
- Ryan Rothstein-Serling · (818) 212-2725 · ryan.serling@marcusmillichap.com
- Lucas Mitchell · (818) 212-2695 · lucas.mitchell@marcusmillichap.com
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