Renovated Food Processing and Office
For Sale
Contact for pricing
10650 BURBANK BLVD, North Hollywood, CA 91601
Renovated two-story food processing, office, and storage facility with commercial kitchen, walk-ins, and roll-up loading doors.
Property Size13,930 SF
Lot Size0.37 Acres
Price / SF$423.55
Days on Market52
Property Features for 10650 BURBANK BLVD
General Information
Standard status
Active
Size
13,930 SF
Total Parking Spaces
27
Lot size
0.37 Acres
Property subtype
Retail, Office, Industrial
Zoning
C1 & R1-1VL
Investment Type
Owner/User
Additional Details
Traffic Count
25,800 vehicles/day
Drive-In Doors
2
Building Details
Year Built
1945
Year Renovated
2026
Buildings
2
Stories
1
Units
1
Listing Agency:
Marcus & Millichap - Encino
(818) 212-2744
Listed By:
Martin Agnew · License #CA 01339034
Source:
Crexi
Added: Jul 3
Changed: Aug 15
Last Checked: Aug 23 at 10:54AM
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 Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
The property consists of an approximate 13,930-square-foot, two-story building on about 0.37 acres across three parcels, recently renovated throughout. The ground floor is built out for food-related operations and includes a commercial kitchen, multiple walk-in refrigerators and freezers, floor drains, and waterproof lighting. A refrigerated exterior loading area and two brand-new roll-up doors support deliveries and distribution, while a freight/pallet lift connects the operational ground floor to the second-floor office. The second floor is fully refreshed with five private offices, new flooring and paint, upgraded restrooms, and a large storage area.
Situated on a high-visibility hard corner between Vineland Avenue and Cahuenga Boulevard, the facility offers over 90 feet of frontage along Burbank Boulevard and exposure to approximately 25,800 vehicles per day for signage, branding, and drive-by presence. The property includes 27 on-site parking spaces, and the parking lot has been newly resurfaced and restriped. Renovations also included refreshed office interiors, new paint, upgraded electrical and lighting systems, and general repairs and maintenance.
With zoning of C2 1 for the buildings and R1 1VL for the parking lot, the site provides a flexible framework for owner-users, investors, or operators planning food production, cold storage, distribution, and office-based administration. The combination of cold storage systems, loading capabilities, and refreshed office space makes the property particularly well-suited for integrated operational workflows.
Situated on a high-visibility hard corner between Vineland Avenue and Cahuenga Boulevard, the facility offers over 90 feet of frontage along Burbank Boulevard and exposure to approximately 25,800 vehicles per day for signage, branding, and drive-by presence. The property includes 27 on-site parking spaces, and the parking lot has been newly resurfaced and restriped. Renovations also included refreshed office interiors, new paint, upgraded electrical and lighting systems, and general repairs and maintenance.
With zoning of C2 1 for the buildings and R1 1VL for the parking lot, the site provides a flexible framework for owner-users, investors, or operators planning food production, cold storage, distribution, and office-based administration. The combination of cold storage systems, loading capabilities, and refreshed office space makes the property particularly well-suited for integrated operational workflows.
Key Highlights
- Renovated 13,930 SF, two‑story commercial/food processing, office, and storage building on approx. 0.37 acres (16,110 SF) across three parcels
- Ground floor built for food operations with commercial kitchen, multiple walk‑in refrigerators and freezers, floor drains, and waterproof lighting
- Refrigerated exterior loading area plus two brand‑new roll‑up doors for delivery and distribution workflow
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
$181,256
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
3.07%
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%
$3,625,120
$3.6M
Cap Rate 7%
$2,589,371
$2.6M
Cap Rate 9%
$2,013,956
$2.0M
Market Conditions
NOI Build-Up for 13,930 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
$224.0K $16.08/SF
− Vacancy
−$10.8K −$0.77/SF
EGI
$213.2K $15.31/SF
− OpEx
−$32.0K −$2.30/SF
NOI
$181.3K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
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%
$3,625,120
Cap Rate 7%
$2,589,371
Cap Rate 9%
$2,013,956
Alternative Uses
Best Use
Warehouse
$2.59M
$2.27M – $3.02M
NOI $181,256 @ 7.0% cap · market cap 3.07%
Second Best
Industrial
$2.33M
$2.03M – $2.71M
NOI $162,787 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$7.46M
$6.53M – $8.70M
NOI $522,065 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
25,800 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
2,320
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Renovated two-story food processing, office, and storage facility with commercial kitchen, walk-ins, and roll-up loading doors.
Where is this manufacturing property located?
The property is located at 10650 BURBANK BLVD North Hollywood, CA.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Renovated 13,930 SF, two‑story commercial/food processing, office, and storage building on approx. 0.37 acres (16,110 SF) across three parcels; Ground floor built for food operations with commercial kitchen, multiple walk‑in refrigerators and freezers, floor drains, and waterproof lighting; Refrigerated exterior loading area plus two brand‑new roll‑up doors for delivery and distribution workflow
