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