10116-10120 Riverside Dr 12 040 pi² 100% Loué Bureau Immeuble Toluca Lake, CA 91602 9 090 395 $ CAD (755,02 $ CAD/pi²) 5,85% Taux de capitalisation

Matthew Luchs of Zacuto Group, as exclusive advisor, has been retained to offer for sale 10116-10120 Riverside Drive, a 12,040 SF mixed-use office and retail property at the corner of Riverside Drive and Talofa Avenue in Toluca Lake. The property sits on 12,503 SF of land, is 100% leased across eight units, and includes 23 on-site parking spaces, a ratio of 1.91 spaces per 1,000 SF. Dedicated on-site parking is uncommon along this stretch of the Village, where most buildings rely on street and public parking, and it is what allows the building to compete for both restaurant users and professional office tenants that would otherwise look elsewhere.
Two buildings occupy a single parcel, APN 2424-009-044, built in 1984, with eight suites totaling 10,998 leasable square feet. 10116 Riverside Drive is three stories, with parking at grade and four office suites above, Suites 200 and 201 on the second floor and Suites 300 and 301 on the third, ranging from 812 to 1,576 square feet. 10120 Riverside Drive is two stories and contains a 726-square-foot ground-floor front unit, a 907-square-foot ground-floor rear unit, and a 3,000-square- foot second-floor suite. Sushi Yuzu occupies 1,575 square feet of ground-floor restaurant space at 10118 Riverside Drive, with sidewalk seating fronting Riverside Drive. The suite mix is deliberate, with retail and restaurant at street level where visibility carries value, and small professional office above at a size the Village consistently absorbs.
Retail along this block is dense and largely independent. Trader Joe’s anchors the block at 10130 Riverside Drive and drives steady, repeat foot traffic past the corner. Sweetsalt Food Shop (10106), Hungry Crowd (10140), and Prosecco Trattoria (10144) sit on the same side of the street, with Red Maple (10123), Forman’s Whiskey Tavern (10149), and Bodega Malbec (10151) directly across. The concentration of food and beverage operators carries traffic to the corner through both the daytime and evening hours, and the mix of grocery, dining, and neighborhood service is the reason the corridor holds occupancy through cycles that thin out less established retail streets.
The Village is bounded by Burbank, Universal City, and North Hollywood, and draws from the studio workforce at Warner Bros., Universal, and the surrounding production and post-production base, along with one of the highest-income residential pockets in the San Fernando Valley. Access is straightforward from the 134 and 101 freeways and Cahuenga Boulevard. New retail supply is effectively nonexistent, as the commercial corridor is a narrow, built-out strip of small parcels hemmed in by single-family neighborhoods, and assets on it rarely trade.
Rather than one tenant and one lease expiration, a buyer here owns eight separate income streams on a block where small suites rarely sit empty for long. Rents can be pushed one suite at a time as leases come due, without taking the building offline or spending much to do it, and the granular rent roll spreads risk across eight tenants instead of concentrating it in a single credit. For an investor seeking durable in-place income with a controllable path to higher rents, in a corridor where supply is fixed and turnover is rare, 10116-10120 Riverside Drive is a rare opportunity to own the corner.