10761 Burbank Blvd
PRICE REDUCED! Mixed Use - Retail, Office, Studio Apartments | 5.26% CAP | 3,824 SqFt
Marketing description
10761 Burbank Blvd is a fully occupied mixed use investment opportunity positioned at the corner of Burbank Blvd and Riverton Avenue in the heart of North Hollywood. The property totals 3,824 square feet on a 6,088 square foot lot, featuring a versatile combination of street front retail, six executive office suites, and four studio apartment units. With LAC2 zoning, strong frontage, and flexible month to month tenancy, the asset offers exceptional adaptability for value add investors seeking long term upside in one of the San Fernando Valley’s most dynamic submarkets.
Built in 1955, the property benefits from a roof replaced approximately seven years ago, six on site parking spaces, and excellent visibility with 55 feet of frontage along Burbank Blvd and 115 feet along Riverton Ave. The site experiences 25,625 vehicles per day along Burbank Blvd and carries a Walk Score of 86, reflecting its highly walkable, amenity rich environment.
The existing configuration presents multiple value add pathways, including the potential to expand the residential units, convert the office suites into additional apartments, or modernize the retail component to capture higher market rents. The asset is offered at a 5.26% CAP rate, supported by strong in place income and meaningful operational upside.
Investment highlights
• Mixed Use Asset featuring retail, six executive offices, and four studio apartments
• Corner location at Burbank Blvd & Riverton Ave
• 3,824 SF building situated on a 6,088 SF lot
• LAC2 Zoning allowing for a wide range of commercial and residential uses
• Value Add Opportunity with potential to expand residential units or convert offices to apartments
• The City of Los Angeles is expanding its Adaptive Reuse Ordinance (ARO) to make it significantly easier to convert underutilized commercial buildings—especially vacant offices—into new housing. The update modernizes the original 1999 ARO, which helped create more than 12,000 units in Downtown LA, and now applies citywide.
• Strong Visibility with 55’ frontage on Burbank Blvd and 115’ on Riverton Ave
• High Traffic Counts – 25,625 vehicles per day along Burbank Blvd
• Six On Site Parking Spaces (1.57 / 1,000 SF)
• Walk Score: 86 – Very Walkable
• Roof replaced approx. 7 years ago
• Current CAP Rate: 5.26%
• Pro Forma CAP Rate: 8.13% - Includes $149,480 improvement budget
• Located in the rapidly developing NoHo Arts District, surrounded by major multifamily, mixed use, and transit oriented projects
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