Log In/Sign Up
Your email has been sent.
11659 Riverside Dr 2,385 SF 100% Leased Retail Building North Hollywood, CA 91602 $1,500,000 ($628.93/SF) 8.61% Cap Rate
Investment Highlights
- High Traffic and High Visibility Corner Lot
Executive Summary
High visibility, corner retail property for sale. Two detached buildings on the property. $156,600 Projected gross Annual Income when 100% occupied, fully rented. All tenants are month to month commercial leases. Bring your Highest and Best offer. Brand New Roof (11659 Riverside Dr Unit is vacant and currently listed for rent for $3,500/Month)(4806 Colfax recently Vacated and currently listed at $2,850/month) Owner Pays $450/month for Trash service. Approximately $4,000/Year for Insurance.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$156,600
|
$65.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$156,600
|
$65.66
|
| Taxes |
$18,000
|
$7.55
|
| Operating Expenses |
$9,400
|
$3.94
|
| Total Expenses |
$27,400
|
$11.49
|
| Net Operating Income |
$129,200
|
$54.17
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $156,600 |
| Annual Per SF | $65.66 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $156,600 |
| Annual Per SF | $65.66 |
| Taxes | |
|---|---|
| Annual | $18,000 |
| Annual Per SF | $7.55 |
| Operating Expenses | |
|---|---|
| Annual | $9,400 |
| Annual Per SF | $3.94 |
| Total Expenses | |
|---|---|
| Annual | $27,400 |
| Annual Per SF | $11.49 |
| Net Operating Income | |
|---|---|
| Annual | $129,200 |
| Annual Per SF | $54.17 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,385 SF
Building Class
C
Year Built
1945
Price
$1,500,000
Price Per SF
$628.93
Cap Rate
8.61%
NOI
$129,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.37
Lot Size
0.15 AC
Zoning
LAC2 - Commercial
Parking
5 Spaces (2.76 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Courtyard
- Signalized Intersection
- Air Conditioning
About 11659 RIVERSIDE DR , NORTH HOLLYWOOD, CA 91602
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.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 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
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 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 | - | - |
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2354-010-035 | Total Assessment | $380,677 (2025) |
| Land Assessment | $355,322 (2025) | Annual Taxes | $18,000 ($7.55/SF) |
| Improvements Assessment | $25,355 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2354-010-035
Land Assessment
$355,322 (2025)
Improvements Assessment
$25,355 (2025)
Total Assessment
$380,677 (2025)
Annual Taxes
$18,000 ($7.55/SF)
Tax Year
2026
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
11659 Riverside Dr