12640 Riverside Drive
Retail/Office | 17,500 SF
Marketing description
Marcus & Millichap is proud to present 12640 Riverside Drive, a rare purchase or lease opportunity for a freestanding commercial building featuring ample gated on-site parking with 31 dedicated spaces. This approximately 17,500-square-foot, two-story building sits on a 0.53-acre LAC1 & P zoned parcel and includes additional office and storage areas.
Originally built in 1964 and extensively renovated in 1995 with over $1.5 million in high-quality upgrades, the property was modernized both inside and out to meet the needs of the current business. Additionally, the ownership replaced all of the sprinkler heads in the Property in 2023 and applied a new roof system with a 25-year warranty in 2024. The ground floor currently functions as a warehouse and showroom, complete with a serviced elevator, while the upper floor offers an open layout ideal for a variety of uses. Each floor measures approximately 8,750 square feet and is divisible down to 4,375 square feet, allowing flexibility for different tenant configurations.
Strategically located just west of the Riverside Drive and Whitsett Avenue intersection, the property benefits from over 130 feet of frontage on one of the San Fernando Valley’s major east-west corridors, with daily traffic exceeding 21,000 vehicles. Additionally, the property has signage visibility from the 101 freeway with traffic counts exceeding 274,000 vehicles per day. Nestled within a dense residential neighborhood, the site offers excellent visibility and accessibility.
Transit improvements are also underway nearby, including the planned light rail project along Van Nuys Boulevard (phase 1 completion expected by 2031), which will integrate with the Orange Line and is projected to serve roughly 50,000 passengers daily by 2040. Furthermore, 12640 Riverside Drive is located within three miles of major developments, including the 25-acre NoHo West project with nearly 700,000 square feet of commercial space and 642 residential units. Also nearby is the proposed $1 billion, 16-acre Metro development in Downtown North Hollywood, which will add approximately 1,500 housing units, 600,000 square feet of commercial space, and 3,300 parking spaces.
Investment highlights
• Two-Story Commercial Building with Elevator Access and Secure Gated Parking
• Permitted and Grandfathered Signage – Rooftop, Monument and Building Banner/Display
• Prominent Rooftop Signage Visible from the 101 Freeway | Over 274,000 Vehicles Per Day
• Recent Capital Expenditures - All New Sprinkler Heads & New Roof System with 25-Year Warranty
• Surrounded by Top National Retailers and Amenities: Whole Foods, Trader Joes, Starbucks, Wells Fargo, Bank of America, and more
• Prime High-Visibility Location with Over 21,000 Vehicles Passing Daily
• Affluent and Densely Populated Trade Area: Average Household Income of $116,028 and Population of Over 556,000 Within a 5-Mile Radius
• Proximity to Major Mixed-Use Developments: Just 2.5 Miles from NoHo West and the North Hollywood Metro Redevelopment
• Excellent Freeway Access: Less than a mile to the 101 Freeway offering seamless access throughout Los Angeles
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