10220 Riverside Dr
Toluca Lake, CA 91602
Retail Property For Sale

Daniel Hirth, Alex Reyhan, and Ethan Donel of The Hirth Group have been exclusively selected to market for sale 10220 Riverside Drive. The subject property is situated on the corner of Riverside Drive and Sancola Avenue in the affluent Toluca Lake submarket. The subject property is in a traffic-generating location, just north of Moorpark Street, south of the Ventura Freeway, and east of Lankershim Boulevard. This unique investment opportunity is the first retail / mixed-use property to come to market in Toluca Lake in over 2 years! The property consists of a retail storefront, currently occupied by The Skin Agency on Riverside with two (2) years left on their lease. The rear of the property consists of an office space currently operating as an accounting firm known as Foumberg, Juneja, Rocher & Company with three (3) years left on their original lease. Each tenant has one (1) five year option with 2-3% annual increases. The accounting firm’s option is at fair market value. This is ideal for an investor looking for immediate cash flow at a low price per SF, in a phenomenal location! Toluca Lake, starting to be known as young Hollywood, has seen a transformation like no other city in the LA county. The asset is surrounded by national retailers such as Starbucks, Trader Joe’s, 7-Eleven, Lemonade, Chipotle, Subway, Ralphs, Bob’s Big Boy, Wells Fargo Bank, Zankou Chicken, Vons, CVS, and SUGARFISH to name a few. Every block of Toluca Lake introduces you to new excitement coming to the area, making it one of the more lucrative neighborhoods to invest in. Surrounded by local attractions Toluca Lake is within a mile radius of the youthful North Hollywood Arts District and only a short drive to Universal City, Sherman Oaks, Studio City, Burbank, and Hollywood.