Colliers is pleased to present the opportunity to acquire 12003 Riverside Dr, a well-located asset in the highly desirable Valley Village submarket. Currently operated as a school, the property offers an attractive opportunity for an owner-user seeking to continue its existing use or reposition the asset for alternative uses, including creative, traditional, or medical office.
The improvements are well-suited for conversion, with a layout that can be efficiently reconfigured to accommodate a variety of occupancies. Existing classroom spaces can be converted to private offices, patient rooms, or lab areas, providing flexibility for a wide range of users. The property is located on a corner along Riverside Drive, offering strong visibility and consistent exposure, supported by an Average Annual Daily Traffic count of approximately 22,180 vehicles. The surrounding Valley Village neighborhood is both affluent and densely populated, with an average household income of $127,864 (1) and a population exceeding 250,000 (2).
The property also features on-site parking, currently configured as an outdoor patio/playground area, providing optionality for future users to tailor the space to their operational needs.
Overall, 12003 Riverside Dr represents a compelling opportunity to acquire a versatile, well-located asset in an affluent and densely populated neighborhood within the City of Los Angeles.