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10761 Burbank Blvd
North Hollywood, CA 91601

$1,245,000 USD

Storefront Retail Residential For Sale  •  3,824 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 3,824 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1955
  • Tenancy Multiple
  • Zoning C2
50 Transit Score
70 Walk Score

Highlights

Mixed Use Asset featuring retail, 6 executive offices, and four studio apartments at the corner of Burbank & Riverton Ave in North Hollywood
Value-add opportunity with potential to expand residential units or convert offices to apartments
Current CAP rate 5.26% | Pro Forma CAP of 8.13% which includes a $149,480 improvement budget
Six on-site parking spaces (1.57/1,000)
Under the Adaptive Reuse Ordinance it makes it significantly easier to convert underutilized commercial buildings like vacant offices into housing

Amenities

  • 24 Hour Access

Public Transportation

Commuter RailDriveWalkDistance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 6 min - 2.7 mi
6 min - 3.2 mi
Transit/SubwayDriveWalkDistance
North Hollywood Station (Orange Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 18 min 0.9 mi
AirportDriveWalkDistance
Bob Hope 6 min - 2.9 mi
Los Angeles International 35 min - 24.3 mi
Long Beach (Daugherty Field) 49 min - 35.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Brin Hamblin 818-212-2776 Agnew | Serling Group
Brin Hamblin 818-212-2776 Agnew | Serling Group