Fenced Yard Commercial
For Sale
Contact for pricing
10655 Burbank Boulevard, Los Angeles, CA 91601
Corner commercial building with flexible retail/office use and a fenced rear parking area plus light industrial garage workshop space.
Property Size5,904 SF
Price / SF$465.79
Days on Market97
Property Features for 10655 Burbank Boulevard
General Information
Standard status
Active
Size
5,904 SF
Class
B
Total Parking Spaces
9
Property subtype
Retail, Office, Industrial
Zoning
C2
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1950
Buildings
3
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Equity Union Commercial - Southern California
Listed By:
Joshua Linn · License #CA 01500049
Source:
Crexi
Added: Jun 16
Changed: Sep 18
Last Checked: Sep 19 at 8:04AM
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 Equity Union Commercial - Southern California
Investment Insights
Based on property information with market context.
Located at 10655 Burbank Boulevard in Los Angeles, this corner commercial building is configured for flexible retail and office use, with the ability to accommodate a variety of commercial concepts depending on the tenant’s operating model. The property includes about 644 square feet of light industrial garage workshop area, supporting uses that benefit from a dedicated space for light fabrication, storage, or back-of-house work. Prime signage is available, and the rear parking area is enclosed with a fenced yard.
The building is positioned on Burbank Boulevard, providing visibility and exposure to passing foot and car traffic. The property also offers a configuration that can be divided, which may support leasing strategies for a single operator or multiple tenants. Public remarks indicate the building is currently generating income, and additional details are available by calling the broker.
For tenants and buyers seeking a commercial property that can serve as storefront-style retail, office suites, creative studio space, or a mixed retail/office configuration, the combination of flexible interior use, on-site garage workshop area, and secured rear parking is practical. The option to divide space can also be useful for operators looking to align occupancy with their specific needs.
The building is positioned on Burbank Boulevard, providing visibility and exposure to passing foot and car traffic. The property also offers a configuration that can be divided, which may support leasing strategies for a single operator or multiple tenants. Public remarks indicate the building is currently generating income, and additional details are available by calling the broker.
For tenants and buyers seeking a commercial property that can serve as storefront-style retail, office suites, creative studio space, or a mixed retail/office configuration, the combination of flexible interior use, on-site garage workshop area, and secured rear parking is practical. The option to divide space can also be useful for operators looking to align occupancy with their specific needs.
Key Highlights
- Corner commercial building at 10665 Burbank Blvd with storefront visibility on Burbank Blvd
- Flexible layout for retail storefronts, office suites, creative studios, or mixed retail/office configurations
- Includes about 644 SF light industrial garage workshop area
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
$140,139
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
5.10%
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%
$2,802,780
$2.8M
Cap Rate 7%
$2,001,986
$2.0M
Cap Rate 9%
$1,557,100
$1.6M
Market Conditions
NOI Build-Up for 5,904 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
$229.5K $38.88/SF
− Vacancy
−$42.7K −$7.23/SF
EGI
$186.9K $31.65/SF
− OpEx
−$46.7K −$7.91/SF
NOI
$140.1K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
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%
$2,802,780
Cap Rate 7%
$2,001,986
Cap Rate 9%
$1,557,100
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.34M
NOI $140,139 @ 7.0% cap · market cap 5.10%
Second Best
Retail
$1.96M
$1.71M – $2.28M
NOI $137,015 @ 7.0% cap · market cap 4.98%
Theoretical Best
Multifamily LT 5
$119.61M
$104.66M – $139.55M
NOI $8,372,805 @ 7.0% cap · market cap 304.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Corner commercial building with flexible retail/office use and a fenced rear parking area plus light industrial garage workshop space.
Where is this flex space located?
The property is located at 10655 Burbank Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Corner commercial building at 10665 Burbank Blvd with storefront visibility on Burbank Blvd; Flexible layout for retail storefronts, office suites, creative studios, or mixed retail/office configurations; Includes about 644 SF light industrial garage workshop area
