10216 Riverside Dr

Toluca Lake, CA 91602

$3,595,000
Last Sold Price
—
Beds
4
Baths
4,764 Sq. Ft.
$755 / Sq. Ft.
4,764
Sq. Ft.
$755
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 12/20/24
Sold 12/20/24
a car parked in front of a building
a view of street with cars
an aerial view of a building with a garden
an aerial view of a city
a front view of a house
a view of a building with a window
a view of living room and kitchen
a room with lots of white furniture and chandelier
a living room with lots of furniture and gym equipment
a bathroom with a sink toilet and mirror
a living room with lots of chairs and potted plant
a view of a building with a potted plant
a view of a shop with a flat screen tv
a view of entrance gate of building
a front view of a building
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a view of a building with a outdoor space
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Description

Mixed Use commercial investment, prime Toluca Lake location. Four units (one vacant), 4,764 square feet of high visibility storefront retail/office property for sale on popular high traffic main corridor. Dream opportunity set in vibrant hub. Beautifully well-maintained businesses with convenient street parking plus on-site parking for 11 cars accessed via a rear alley. Upscale building signage enhances visibility along Riverside Drive. Strategically located to nearby major retailors, dining and...Mixed Use commercial investment, prime Toluca Lake location. Four units (one vacant), 4,764 square feet of high visibility storefront retail/office property for sale on popular high traffic main corridor. Dream opportunity set in vibrant hub. Beautifully well-maintained businesses with convenient street parking plus on-site parking for 11 cars accessed via a rear alley. Upscale building signage enhances visibility along Riverside Drive. Strategically located to nearby major retailors, dining and recreation. Highly accessible to the 134, 101 and 170 freeways, close to major studios, public transit and airports. Boasts high walkable and bikeable scores.

Listing Agents

  1. Craig Strong

    Craig Strong

    Listing Agent

    Compass

    DRE #01450987

    P: (818)-987-9700

    CallText
  2. Kristin Neithercut

    Kristin Neithercut

    Alternative Listing Agent

    Compass

    DRE #02003278

    P: (323)-397-0800

    CallText

Property Details for 10216 Riverside Drive

Water Front
None
Zoning
LAC2
Cross Streets
Riverside and Forman
Parcel Number
2424006038
Total Units
4.0
Living Area
4764
Source Living Area
Assessor
Area
Toluca Lake (TUL)
LISTING UPDATED: 12/21/2024 07:27 AM

Property Details for 10216 Riverside Drive

StatusSold
MLS #24-431957
Days on Market63
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size0.19 AC / 8,252 SF
CountyLos Angeles County
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Location

Listing Courtesy of Compass, Craig Strong, DRE #01450987; Compass, Kristin Neithercut, DRE #02003278

Sold By Compass, Craig Strong, DRE #01450987; Compass, Kristin Neithercut, DRE #02003278

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Building Information for 10216 Riverside Drive

Stories1Residences-Year Built-Building Size-Lot Size0.19 AC / 8,252 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$19,167 per month

30 year fixed, 6.46% Interest

Principal and Interest

$18,103

Property Taxes

$1,064

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 10216 Riverside Drive

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 1
  • Number Of Buildings: 4
  • Type Of Units: Commercial
  • View: Yes
  • View Description: Walk Street, Trees/Woods
  • View: Trees/Woods
  • Direction Faces: North
  • Water: Public
  • Sewer: In Street
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $200,076
  • Net Operating Income: $150,883.00
  • Gross Income: $16,673
  • Gross Scheduled Income: $16,673
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $18.97
  • Owner Pays: Other
  • Total Annual Expense: 150883
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.189
  • Lot Size Square Feet: 8252
  • Lot Features: No Landscaping
  • Lot Description: 2-4 Lots, Alley Paved, No Landscaping, Sidewalks, Walk Street
  • Lot Location: City, Flats
Parking Details
Parking Details
  • Parking Garage: Parking for Guests - Onsite
  • Total Parking: 11
  • Open Other Spaces Total: 11
  • Parking Features: Guest
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Central, Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Flooring: Cement
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Sprinklers: None
  • New Construction: No
  • Foundation Details: Slab
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-28-2024
  • Tenant Pays: Electricity, Gas, Insurance, Trash Collection, Water
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,600.00
  • Unit Actual Rent: $3,600.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,527.00
  • Unit Actual Rent: $3,527.00
  • Unit Projected Rent: $3,527.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $3,300.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $6,246.00
  • Unit Actual Rent: $6,246.00
  • Unit Projected Rent: $6,246.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $38,850.00
  • Assessed Improvement Percent: 37.66
  • Assessed Land Value: $64,300.00
  • Assessed Land Percent: 62.34
  • Assessed Total Value: $103,150.00

Property History for 10216 Riverside Drive

DateEvent & SourcePriceAppreciation
Dec 20, 2024

Sold

CLAW #24-431957

$3,595,000—
Dec 20, 2024

Sold

SDMLS #24-431957

$3,595,000—
Dec 20, 2024

Sold

CRMLS #24431957

$3,595,000—
DateEvent & SourcePrice
12/20/2024

Sold

CLAW #24-431957

$3,595,000
12/20/2024

Sold

SDMLS #24-431957

$3,595,000
12/20/2024

Sold

CRMLS #24431957

$3,595,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10216 Riverside Drive

Taxable ValueLand$735,000Additions$300,000Total$1,035,000
Tax Record2025$12,773 ($1,064 / month)
Home Facts
Total Finished SqFt1,797 SqFtAbove Grade Finished SqFt1,797 SqFtStories1Lot Size3,246 SqFtStyleStoresZoningLAC2CountyLOS ANGELESAPN2424-006-038

Schools near 10216 Riverside Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Toluca Lake Elementary School
Public - K to 5
Walter Reed Middle School
Public - 6 to 8
East Valley Senior High School
Public - 9 to 12
Science Academy STEM Magnet
Public - 6 to 12
Rating
School
Distance
Toluca Lake Elementary School
PublicK to 5

Walter Reed Middle School
Public6 to 8

East Valley Senior High School
Public9 to 12

Science Academy STEM Magnet
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Craig Strong, DRE #01450987; Compass, Kristin Neithercut, DRE #02003278

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.