Four-Unit Creative
New
For Sale
$2,160,000
10431 Burbank Blvd, North Hollywood, CA 91601
Three recording studio tenants occupy the property under month-to-month agreements.
Property Size4,156 SF
Lot Size0.12 Acres
Price / SF$519.73
Days on Market6
Property Features for 10431 Burbank Blvd
General Information
Standard status
Active
Size
4,156 SF
Total Parking Spaces
6
Lot size
0.12 Acres
Property subtype
Office
Zoning
C2-1VL
Occupancy
100%
Site & Location
Frontage
50 ft
Traffic Count
25,625 vehicles/day
Additional Details
Asking Price
$2,160,000
Office Units
4
Amenities
Owner-User or Value-Add Flexibility – Month-to-month tenancy allows a buyer to immediately occupy the property, re-tenant the building, or pursue a full repositioning strategy.
Four-Unit Configuration – Individually demised units allow an owner-user to occupy the entire building or utilize only a portion while collecting rental income from remaining tenants.
100% Occupied – Three established recording studio tenants in place across all four units, providing in-place income from day one.
Adaptable Commercial Space – Existing improvements can support office, retail, studio, creative, or specialty commercial uses, offering versatility for future users.
C2-1VL Zoning – Broad commercial zoning supports a wide range of permitted uses and potential future reconfiguration.
Burbank Boulevard Frontage – ±50 feet of frontage provides strong visibility and signage potential along a major San Fernando Valley corridor.
On-Site Parking – Six dedicated parking spaces arranged in three tandem sets offer practical access for customers, clients, and staff.
High Daily Traffic Exposure – Approximately 25,625 vehicles pass the property each day, enhancing exposure for tenants and future users.
Building Details
Building Size
4,156 SF
Year Built
1951
Buildings
1
Tenancy
Multi
Listing Agency:
Encino Office
Listed By:
Joshua Yaris · License #License(s): CA: 02073440
(818) 212-2665
Source:
Marcusmillichap
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 3:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Encino Office
Investment Insights
Based on property information with market context.
This 4,156-square-foot creative property contains four units and dates to 1951. Three recording studio tenants currently occupy the building on month-to-month leases. The parcel measures 5,251 square feet and carries C2-1VL zoning.
Burbank Boulevard frontage extends approximately 50 feet, with reported exposure to 25,625 vehicles per day. Six on-site parking spaces are arranged in three tandem configurations.
Burbank Boulevard frontage extends approximately 50 feet, with reported exposure to 25,625 vehicles per day. Six on-site parking spaces are arranged in three tandem configurations.
Key Highlights
- 4,156‑square‑foot building on a 5,251‑square‑foot parcel
- Four units; currently occupied by three recording studio tenants on month‑to‑month leases
- C2‑1VL zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,847
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,816,940
$1.8M
Cap Rate 7%
$1,297,814
$1.3M
Cap Rate 9%
$1,009,411
$1.0M
Market Conditions
NOI Build-Up for 4,156 SF
Gross rent
$159.6K $38.40/SF
− Vacancy
−$38.5K −$9.25/SF
EGI
$121.1K $29.15/SF
− OpEx
−$30.3K −$7.29/SF
NOI
$90.8K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,816,940
Cap Rate 7%
$1,297,814
Cap Rate 9%
$1,009,411
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.51M
NOI $90,847 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,757 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Office units
25,625 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,291
Businesses Nearby
Explore this area
Business Placement
Demographics for 91601, CA
39,429
Population
20,539
Households
1.9
Avg Household Size
35
Median Age
51%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
15,165
Density / Sq Mi
$77,540
Median Household Income
$48,907
Median Earnings
$2,115
Median Rent
$961,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - Three recording studio tenants occupy the property under month-to-month agreements.
Where is this creative space located?
The property is located at 10431 Burbank Blvd North Hollywood, CA.
What is the asking price?
The asking price for this property is $2,160,000.
What are key features of this property?
This property features: 4,156‑square‑foot building on a 5,251‑square‑foot parcel; Four units; currently occupied by three recording studio tenants on month‑to‑month leases; C2‑1VL zoning
