12640 Riverside Dr - Storefront Retail/Office FOR SALE


Valley Village, CA 91607
$7,950,000 USD
818-212-2776
12640 Riverside Dr, Valley Village, CA for Sale
$7,950,000 USD
Storefront Retail/Office - FOR SALE
1/16
null | Request Cap Rate

Aug '25


12640 Riverside Dr
Valley Village, CA 91607


HIGHLIGHTS

  • Two-Story Commercial Building with Elevator Access and Secure Gated Parking
  • Prominent Rooftop Signage Visible from the 101 Freeway | Over 274,000 Vehicles Per Day
  • Permitted and Grandfathered Signage – Rooftop, Monument and Building Banner/Display
  • 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

OVERVIEW

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 highquality 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.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$454 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

C1-1VL, P-1VL Los Angeles

APN/PARCEL ID

2357-032-003

ASK ABOUT THIS PROPERTY

Brin HamblinAgnew | Serling GroupMore Info
818-212-2776

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Brin HamblinAgnew | Serling GroupMore Info
818-212-2776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.