Valley Village, CA 91607,12127 12125 Riverside DR
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Valley Village, CA 91607,12127 12125 Riverside DR
Valley Village, CA 91607,12127 12125 Riverside DR
Valley Village, CA 91607,12127 12125 Riverside DR
Valley Village, CA 91607,12127 12125 Riverside DR

$2,300,018

Est. payment /mo

$2,000,000

15.0%
Est.Price: ?

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12127 12125 Riverside DR Valley Village, CA 91607

6,246 Sqft Lot

SOLD DATE : 02/10/2022

Key Details

Sold Price $2,300,018

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 21102687

Sold Date 02/10/22

HOA Y/N No

Year Built 1964

Lot Size 6,246 Sqft

Property Description

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!

Location

State CA

County Los Angeles

Area Vvl - Valley Village

Zoning LAC2

Interior

Fireplace No

Exterior

Total Parking Spaces 11

Building

Lot Description Near Public Transit

Story 2

Others

Tax ID 2356008013

Special Listing Condition Standard

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Mike And Mary Jafarkhani

Mike And Mary Jafarkhani

+1(949) 533-5040

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Daniel Hirth • KW Advisors
Bought with Daniel Hirth • KW Advisors

Mike And Mary Jafarkhani

Broker Associate | License ID: 00999447

+1(949) 533-5040

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