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12640 Riverside Dr 17,500 SF Retail Building Valley Village, CA 91607 $10,990,875 CAD ($628.05 CAD/SF)
INVESTMENT HIGHLIGHTS
- Two-Story Commercial Building with Elevator Access and Secure Gated Parking
- Permitted and Grandfathered Signage – Rooftop, Monument and Building Banner/Display
- Prominent Rooftop Signage Visible from the 101 Freeway | Over 274,000 Vehicles Per Day
- Ideal and Potential Uses Include: Healthcare, Office, Industrial, Restaurant, Showroom and Retail
- New Sprinkler Heads & New Roof System with 25-Year Warranty
- Prime High-Visibility Location with Over 21,000 Vehicles Passing Daily
EXECUTIVE SUMMARY
Marcus & Millichap is proud to present 12640 Riverside Drive, a rare purchase or lease opportunity for a freestanding commercial building featuring ample gated on-site parking with 31 dedicated spaces. This approximately 17,500-square-foot, two-story building sits on a 0.53-acre LAC1 & P zoned parcel and includes additional office and storage areas. Potential uses include: Healthcare, Office, Industrial, Restaurant, Showroom and Retail.
Originally built in 1964 and extensively renovated in 1998 with over $1.5 million in high quality upgrades, the property was modernized both inside and out to meet the needs of the current business. Additionally, the ownership replaced all of the sprinkler heads in the Property in 2023 and applied a new roof system with a 25-year warranty in 2024. The ground floor currently functions as a warehouse and showroom, complete with a serviced elevator, while the upper floor offers an open layout ideal for a variety of uses. Each floor measures approximately 8,750 square feet and is divisible down to 4,375 square feet, allowing flexibility for different tenant configurations.
Strategically located just west of the Riverside Drive and Whitsett Avenue intersection, the property benefits from over 130 feet of frontage on one of the San Fernando Valley’s major east-west corridors, with daily traffic exceeding 21,000 vehicles. Additionally, the property has signage visibility from the 101 freeway with traffic counts exceeding 274,000 vehicles per day. Nestled within a dense residential neighborhood, the site offers excellent visibility and accessibility.
Transit improvements are also underway nearby, including the planned light rail project along Van Nuys Boulevard (phase 1 completion expected by 2031), which will integrate
with the Orange Line and is projected to serve roughly 50,000 passengers daily by 2040. Furthermore, 12640 Riverside Drive is located within three miles of major developments, including the 25-acre NoHo West project with nearly 700,000 square feet of commercial space and 642 residential units. Also nearby is the proposed $1 billion, 16-acre Metro development in Downtown North Hollywood, which will add approximately 1,500 housing units, 600,000 square feet of commercial space, and 3,300 parking spaces.
Property is also available for lease. Full Building $2.00/SF | Individual Floors $2.25/SF | NNN - see link below for lease listing.
Originally built in 1964 and extensively renovated in 1998 with over $1.5 million in high quality upgrades, the property was modernized both inside and out to meet the needs of the current business. Additionally, the ownership replaced all of the sprinkler heads in the Property in 2023 and applied a new roof system with a 25-year warranty in 2024. The ground floor currently functions as a warehouse and showroom, complete with a serviced elevator, while the upper floor offers an open layout ideal for a variety of uses. Each floor measures approximately 8,750 square feet and is divisible down to 4,375 square feet, allowing flexibility for different tenant configurations.
Strategically located just west of the Riverside Drive and Whitsett Avenue intersection, the property benefits from over 130 feet of frontage on one of the San Fernando Valley’s major east-west corridors, with daily traffic exceeding 21,000 vehicles. Additionally, the property has signage visibility from the 101 freeway with traffic counts exceeding 274,000 vehicles per day. Nestled within a dense residential neighborhood, the site offers excellent visibility and accessibility.
Transit improvements are also underway nearby, including the planned light rail project along Van Nuys Boulevard (phase 1 completion expected by 2031), which will integrate
with the Orange Line and is projected to serve roughly 50,000 passengers daily by 2040. Furthermore, 12640 Riverside Drive is located within three miles of major developments, including the 25-acre NoHo West project with nearly 700,000 square feet of commercial space and 642 residential units. Also nearby is the proposed $1 billion, 16-acre Metro development in Downtown North Hollywood, which will add approximately 1,500 housing units, 600,000 square feet of commercial space, and 3,300 parking spaces.
Property is also available for lease. Full Building $2.00/SF | Individual Floors $2.25/SF | NNN - see link below for lease listing.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
17,500 SF
Building Class
C
Year Built/Renovated
1964/1998
Price
$10,990,875 CAD
Price Per SF
$628.05 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.53 AC
Zoning
C1-1VL, P-1VL Los Angeles - Commercial
Parking
31 Spaces (1.77 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Naimie's Beauty Center
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Naimie's Beauty Center | Services | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
$2.00/SF/Month if tenant takes full building.
- 2nd Floor
- 9,200 SF
- Office/Retail
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 8,300 SF | Office/Retail | - | 30 Days |
| 2nd Floor | 9,200 SF | Office/Retail | - | 30 Days |
1st Floor
| Size |
| 8,300 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
2nd Floor
| Size |
| 9,200 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
1st Floor
| Size | 8,300 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | 30 Days |
$2.00/SF/Month if tenant takes full building.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2357-032-003 | Improvements Assessment | $1,155,495 CAD |
| Land Assessment | $1,894,847 CAD | Total Assessment | $3,050,342 CAD |
PROPERTY TAXES
Parcel Number
2357-032-003
Land Assessment
$1,894,847 CAD
Improvements Assessment
$1,155,495 CAD
Total Assessment
$3,050,342 CAD
CONTACTS
-
Brin Hamblin -
Hannah Zager -
Joshua Yaris -
Ryan Rothstein-Serling -
Martin Agnew -
Agnew | Serling Group
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12640 Riverside Dr
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