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11659 Riverside Dr
North Hollywood, CA 91602 Valley Village

$1,500,000 USD

Storefront For Sale  •  2,385 SF

Property Details

  • Property Type Storefront
  • Total Building Size 2,385 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1945
  • Cap Rate 8.61 %
  • Tenancy Multiple
  • Zoning LAC2
40 Transit Score
70 Walk Score

Description 

6 Units total on property.
Projected gross income at 100% rental is $13,000/Month.
All Tenants are month to month to allow new buyer flexibility for future rentals or owner user.
Two Vacant units currently
Owner user opportunity
Owner Pays $450/month for Trash service. Approximately $4,000/Year for Insurance.

Highlights

High Traffic and High Visibility Corner Lot

Financial Summary (Proforma)

Net Operating Income: $129,200 USD (2026)
Cap Rate: 8.61 %
Total Expenses: $27,400 USD

Major Tenants

Tenant SF Occupied Lease End Date
Front Unit 1 - Patio Access 520 SF
Unit 2 - Patio Access 480 SF
Unit 3 275 SF
Unit 4 475 SF
Unit 5 420 SF

Amenities

  • Corner Lot
  • Courtyard
  • Signalized Intersection
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 4.6 mi
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 5.4 mi
AirportDriveWalkDistance
Bob Hope 11 min - 4.7 mi
Los Angeles International 32 min - 22.9 mi
Long Beach (Daugherty Field) 48 min - 35.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Michael Nigosian 760-831-9971 Michael Nigosian Realtor
Michael Nigosian 760-831-9971 Michael Nigosian Realtor