10730 Riverside Drive

North Hollywood, CA 91602

$2,600,000
Price
—
Beds
3,848 Sq. Ft.
$676 / Sq. Ft.
3,848
Sq. Ft.
$676
per Sq. Ft.

Description

Huge Price Reduction. Located in the vibrant Toluca Lake, this property is at the center of it all. Precise Real Estate Investments is pleased to offer for sale 10730 Riverside Drive, an extremely rare medical/mixed use building. This remarkably well maintained, pride of ownership property offers an owner/user the opportunity to occupy approximately 1,490sqft of space while collecting income from a larger medical tenant and from a residential tenant. The current owner occupies approximately 1,900sqft...Huge Price Reduction. Located in the vibrant Toluca Lake, this property is at the center of it all. Precise Real Estate Investments is pleased to offer for sale 10730 Riverside Drive, an extremely rare medical/mixed use building. This remarkably well maintained, pride of ownership property offers an owner/user the opportunity to occupy approximately 1,490sqft of space while collecting income from a larger medical tenant and from a residential tenant. The current owner occupies approximately 1,900sqft and would consider a lease back. The residential unit has been recently renovated and can be rented for an immediate income at a fair market rate. For all questions, please contact the listing broker.
  1. Listed by Bob Kasumyan • DRE #00972115 • Brokerage DRE #00972115 • Precise Real Estate Investments • 818-445-8938

Property Details for 10730 Riverside Drive

Parking Spaces Total
14
Total Units
3.0
Office Class
C
Business Type
Health Services, Medical
Lot Size Source
Assessor
Building Area Total
3848
Building Area Units
Square Feet
Stories Total
2

Location

Listing Courtesy of Precise Real Estate Investments, Bob Kasumyan, DRE #00972115
Add your commute
LISTING UPDATED: 03/22/2024 12:24 PM

Property Details for 10730 Riverside Drive

StatusActive
MLS #GD23191723
Days on Market195
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1950
Lot Size0.18 AC / 7,746 SF
CountyLos Angeles County

Location

Listing Courtesy of Precise Real Estate Investments, Bob Kasumyan, DRE #00972115
Add your commute

Building Information for 10730 Riverside Drive

Stories2Residences-Year Built1950Lot Size0.18 AC / 7,746 SF

Payment Calculator

$16,939 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,189

Property Taxes

$2,750

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10730 Riverside Drive

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $162,000
  • Vacancy Allowance: 4860
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $100,440
  • Cap Rate: 3.09
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $56,700
  • Expense Year: $56,700
  • Insurance Expense: $4,000
  • Maintenance Expense: $5,000
  • Trash Expense: $1,920
  • Water Sewer Expense: $6,000
  • Real Estate Tax Expense: $40,000
Tax / Assessment Info
  • Tax Rate: 1.25
  • Tax Year: 2023
  • Tax Annual Amount: $40,000
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Laundry Equipment Own Lease: Own
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Wall Furnace
Exterior Features
  • Security Features: Security Lights
  • Construction Materials: Plaster
  • Roof: Rolled/Hot Mop
  • Fence: No
  • Fencing: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Level with Street
  • Current Use Comments: Medical
  • Land Use: Office, Other
  • Land Lease: No
  • Utilities: Natural Gas Connected, Sewer Connected
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Office, Retail, Specialty
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $4,500
  • Unit Type Area: 1900
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: Medical office
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $6,700
  • Unit Type Area: 1490
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
  • Unit Type Description: Medical office
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,500
  • Unit Type Area: 550
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
  • Unit Type Description: Residential unit
Unit Information
  • Number Of Units Leased: 1
  • Number Of Buildings: 1

Property History for 10730 Riverside Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 10730 Riverside Drive

Taxable ValueLand$1,606,500Additions$1,071,000Total$2,677,500
Tax Record2023$32,995 ($2,750 / month)
Home Facts
Total Finished SqFt3,848 SqFtAbove Grade Finished SqFt3,848 SqFtStories1Lot Size7,746 SqFtStyleOffice BuildingZoningLAC2CountyLOS ANGELESAPN2423-005-017

Schools near 10730 Riverside Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 11
Rating
School
Distance
Rio Vista 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 11

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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10730 Riverside Drive is a mixed use property for sale in North Hollywood, CA 91602. This property was listed for sale on October 15, 2023 by Precise Real Estate Investments, it's currently listed at $2,600,000. It has been on the market for a total of 195 days and was last sold on February 15, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Rio Vista Elementary School, Walter Reed Middle School and East Valley Senior High School. 10730 Riverside Drive is a 0-bed, 0-bath, 3,848 sqft mixed use property built in 1950.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Precise Real Estate Investments, Bob Kasumyan, DRE #00972115

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.