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11659 Riverside Dr
North Hollywood, CA 91602

$1,800,000 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 6.99 %
Tenancy Multiple
Zoning LAC2

34 Transit Score

80 Walk Score

Description

6 Units total on property.
Gross income for current tenants is $11,850/Month.
All Tenants are month to month to allow new buyer flexibility for future rentals or owner user.

                
                    Highlights
                
                                High Traffic and High Visibility Corner Lot

Financial Summary (Actual)

Net Operating Income: $137,200 USD (2024)

Cap Rate:	6.99 %
Total Expenses:	$5,000 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 Rail	Drive	Walk	Distance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	4.6 mi
Burbank Airport - North (Av Line) Metrolink Station (Metrolink Antelope Valley Line - Metrolink Trains)	10 min	-	5.5 mi
Airport	Drive	Walk	Distance
Bob Hope	9 min	-	4.7 mi
Los Angeles International	32 min	-	22.8 mi
Long Beach (Daugherty Field)	47 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

11659 Riverside Dr North Hollywood, CA 91602