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10116-10120 Riverside Dr 15,426 SF 100% Leased Office Building Toluca Lake, CA 91602 $7,185,000 ($465.77/SF) 5.55% Cap Rate
Investment Highlights
- Toluca Lake Village mixed-use asset on highly desirable Riverside Drive (walkable, amenity rich corridor)
- Diversified professional tenant mix (dental/wellness + professional services + creative/tech
- Prime studio adjacent, Toluca Lake sits in/near the Burbank Media District within close proximity to Warner Bros / Disney / ABC / NBC Studios
- ±12,040 SF, 3-story office + retail building with exceptional curb appeal and distinctive architecture
- Rare on-site surface parking
- Convenient regional access to Ventura Blvd plus the 101 & 134 Freeways for Studio City, Burbank, Glendale and Hollywood connectivity
Executive Summary
+/- 12,040 SF mixed-use building ideally located in prime Toluca Lake, one of the
most irreplaceable submarkets in the San Fernando Valley. The property features
exceptional curb appeal and an architecturally distinctive design, with a
complementary mix of office and ground-floor retail, including office suites
positioned above and surrounding the acclaimed Sushi Yuzu restaurant.
Situated within a dense and affluent trade area, the property benefits from strong
local demographics and consistent daily traffic. Its premier location offers close
proximity to major Hollywood Studios, Ventura Boulevard, Riverside Drive, and
the 101 and 134 freeways, as well as nearby lifestyle amenities including Toluca
Lake Village, Lakeside Golf Club, and the NoHo Arts District.
Toluca Lake is one of the San Fernando Valley’s most sought after submarkets,
offering an affluent, highly walkable Village atmosphere anchored by boutique
retail, dining, and daily conveniences along Riverside Drive. The property’s studio
adjacent setting places it within the Burbank Media District, in close proximity to
Warner Bros., Disney, NBC, and Universal Studios, as well as Universal City. The
location also benefits from excellent regional connectivity via the 101 and 134
freeways
most irreplaceable submarkets in the San Fernando Valley. The property features
exceptional curb appeal and an architecturally distinctive design, with a
complementary mix of office and ground-floor retail, including office suites
positioned above and surrounding the acclaimed Sushi Yuzu restaurant.
Situated within a dense and affluent trade area, the property benefits from strong
local demographics and consistent daily traffic. Its premier location offers close
proximity to major Hollywood Studios, Ventura Boulevard, Riverside Drive, and
the 101 and 134 freeways, as well as nearby lifestyle amenities including Toluca
Lake Village, Lakeside Golf Club, and the NoHo Arts District.
Toluca Lake is one of the San Fernando Valley’s most sought after submarkets,
offering an affluent, highly walkable Village atmosphere anchored by boutique
retail, dining, and daily conveniences along Riverside Drive. The property’s studio
adjacent setting places it within the Burbank Media District, in close proximity to
Warner Bros., Disney, NBC, and Universal Studios, as well as Universal City. The
location also benefits from excellent regional connectivity via the 101 and 134
freeways
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
15,426 SF
Building Class
C
Year Built
1984
Price
$7,185,000
Price Per SF
$465.77
Cap Rate
5.55%
NOI
$398,768
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,300 SF
Building FAR
1.26
Lot Size
0.28 AC
Zoning
LAC2
Parking
23 Spaces (1.91 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2424-009-044 | Improvements Assessment | $1,263,247 |
| Land Assessment | $2,989,812 | Total Assessment | $4,253,059 |
Property Taxes
Parcel Number
2424-009-044
Land Assessment
$2,989,812
Improvements Assessment
$1,263,247
Total Assessment
$4,253,059
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10116-10120 Riverside Dr
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