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11659 Riverside Dr 2,385 SF 100% Leased Retail Building North Hollywood, CA 91602 $2,442,860 CAD ($1,024.26 CAD/SF) 7.19% 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. $142,200 Gross Annual Income when 100% occupied, full rent. 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 $3,800/Month)
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$198,500
|
$83.23
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$6,980
|
$2.93
|
| Net Operating Income |
$191,520
|
$80.30
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $198,500 |
| Annual Per SF | $83.23 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $6,980 |
| Annual Per SF | $2.93 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $191,520 |
| Annual Per SF | $80.30 |
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
$2,442,860 CAD
Price Per SF
$1,024.26 CAD
Cap Rate
7.19%
NOI
$175,607 CAD
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. 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.
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 | - | - |
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2354-010-035 | Improvements Assessment | $35,776 CAD (2025) |
| Land Assessment | $501,359 CAD (2025) | Total Assessment | $537,135 CAD (2025) |
PROPERTY TAXES
Parcel Number
2354-010-035
Land Assessment
$501,359 CAD (2025)
Improvements Assessment
$35,776 CAD (2025)
Total Assessment
$537,135 CAD (2025)
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Presented by
Michael Nigosian Realtor
11659 Riverside Dr
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