Storefront Property with
For Sale
Contact for pricing
10434 Burbank Boulevard, North Hollywood, CA 91601
The second floor provides offices, a restroom, storage, and kitchen space.
Property Size2,660 SF
Price / SF$375.56
Days on Market9
Property Features for 10434 Burbank Boulevard
General Information
Standard status
Active
Size
2,660 SF
Class
B
Total Parking Spaces
6
Property subtype
Office, Retail
Zoning
LA-C2
Investment Type
Owner/User
Additional Details
Floor
2
Amenities
excellent street visibility
prominent signage
double-sided billboard
Building Details
Year Built
1955
Buildings
2
Stories
2
Tenancy
Single
Listing Agency:
(818) 941-2276
Listed By:
Benjamin L. Paley · License #02074047
Source:
Crexi
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 11 at 4:17AM
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 Benjamin L. Paley
Investment Insights
Based on property information with market context.
This storefront property contains 2,660 square feet and was built in 1955. The building is currently occupied by a lighting business and includes a second-floor arrangement with offices, a restroom, storage, and a kitchen. A double-sided billboard and prominent signage are located on the property, supporting identification from Burbank Boulevard.
The property is situated at 10434 Burbank Boulevard in North Hollywood, California, with LA-C2 zoning. Its street-facing configuration and existing commercial improvements provide a defined storefront setting for continued business use.
The property is situated at 10434 Burbank Boulevard in North Hollywood, California, with LA-C2 zoning. Its street-facing configuration and existing commercial improvements provide a defined storefront setting for continued business use.
Key Highlights
- 2,660‑square‑foot storefront property at 10434 Burbank Boulevard
- LA‑C2 zoning
- Currently occupied by a lighting business
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,851
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,177,020
$1.2M
Cap Rate 7%
$840,729
$840.7K
Cap Rate 9%
$653,900
$653.9K
Market Conditions
NOI Build-Up for 2,660 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$90.0K $33.84/SF
− Vacancy
−$5.9K −$2.23/SF
EGI
$84.1K $31.61/SF
− OpEx
−$25.2K −$9.48/SF
NOI
$58.9K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,177,020
Cap Rate 7%
$840,729
Cap Rate 9%
$653,900
Alternative Uses
Best Use
Retail
$840.7K
$735.6K – $980.9K
NOI $58,851 @ 7.0% cap · market cap 5.89%
Second Best
Office B
$830.6K
$726.8K – $969.1K
NOI $58,145 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,691 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,866
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - The second floor provides offices, a restroom, storage, and kitchen space.
Where is this storefront property located?
The property is located at 10434 Burbank Boulevard North Hollywood, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2,660‑square‑foot storefront property at 10434 Burbank Boulevard; LA‑C2 zoning; Currently occupied by a lighting business
