Sold

Closed

12127 12125 Riverside Drive

Valley Village CA, 91607

$2,300,018


$475.80 per sqft

Sold

Closed

4,834 sqft

Commercial

Built in 1964

Listed by Daniel Hirth with KW Advisors 310-300-2838

The subject property is situated just a few parcels off the corner of Riverside Drive and Laurel Canyon Boulevard. 12125-12127 Riverside Drive is in a traffic-generating location, bordering Studio City, with many national tenants neighboring the property such as Gelson's, Starbucks, UPS, Jack in the Box, Subway, and Citibank just to name a few. The asset itself is a well maintained 4,834 SF multi-tenant mixed-use retail and office building situated on a 6,247 SF lot with approximately eleven (11) parking spaces in the rear. The subject property consists of six (6) office suites and two (2) retail storefronts two of which are owner-occupied and others on leases that expire December 31, 2021. With all leases being on short term, this opportunity is ideal for an owner/user looking to take advantage of SBA financing with as little as 10% down, with historic low interest rates, while owning a retail/office building in one of the most desired submarkets of Valley Village! Additionally, an owner/user can also occupy a majority of the building while using the other units as passive income while running their business on the sought-after street of Riverside Drive. With a high demand for multi-tenant buildings in Valley Village and minimal supply, this opportunity is also ideal for an investor looking to add value once the leases expire by negotiating current leases to fair market value, allowing an investor to make shy of a 7.67% return!

21102687

MLS ID

November 5, 2021

Listed

November 22, 2024

Updated

Map

12127 12125 Riverside Drive
Valley Village CA, 91607

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.14 Acres


Lot Features

Near Public Transit

Other Property Details

Area Name

VVL - Valley Village


Days on Market

2


Garage

No


Parking Total

11


View

No


County

Los Angeles


Pool

No


Zoning

LAC2

Listing History

Date

Event

Price

5/18/2023

Sold

$2,300,018

Listing Contact: 310-482-2200 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 11/22/2024 at 5:42 PM UTC

 

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