Renovated Food Processing Flex
10658 Burbank Blvd, Los Angeles, CA 91601
For Sale
$5,900,000
Renovated two-story food processing, office, and storage building with commercial kitchen, cold storage, and efficient dock access.
Property Size13,930 SF
Price / SF$423.55
Days on Market140
Property Features for 10658 Burbank Blvd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Functional Two-Story Commercial / Food Processing Facility
Recently Renovated Asset
Ample Land Area & On-Site Parking
Versatile Underlying C2-1 Zoning
Excellent North Hollywood Location
Building Details
Building Size
Year Built
Listing Agency:
Encino Office
Listed By:
Lucas Mitchell
(818) 212-2695
Source:
Marcusmillichap
Added: Jun 28
Changed: Nov 8
Last Checked: Nov 14 at 2:03AM
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
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Investment Insights
Based on property information with market context.
The property is a renovated, two-story commercial/food processing, office, and storage facility built on approximately 0.37 acres across three parcels. The ground floor is built out for food-related operations, including a commercial kitchen, multiple walk-in refrigerators and freezers, floor drains, and waterproof lighting. An exterior refrigerated loading area supports cold-chain workflow, and two brand-new roll-up doors provide direct loading and distribution access. Interior improvements include refreshed office space, updated restrooms, upgraded electrical and lighting systems, new paint, and general repairs and maintenance, along with a newly resurfaced and restriped parking lot.
Set on a high-visibility hard corner between Vineland Avenue and Cahuenga Boulevard, the building offers over 90 feet of frontage along Burbank Boulevard and signage exposure to approximately 25,800 vehicles per day. The site includes 27 on-site parking spaces and is served by a freight/pallet lift connecting the ground floor to the second-floor offices.
The second-floor office has been refreshed with five private offices, new flooring and paint, upgraded restrooms, and a large storage area, making the layout practical for operations that require administrative space on-site. Zoned C2 1 for the buildings, with the parking lot zoned R1 1VL, the property provides a versatile zoning framework for a range of commercial, retail, office, and residential uses, depending on specific application and approvals.
Set on a high-visibility hard corner between Vineland Avenue and Cahuenga Boulevard, the building offers over 90 feet of frontage along Burbank Boulevard and signage exposure to approximately 25,800 vehicles per day. The site includes 27 on-site parking spaces and is served by a freight/pallet lift connecting the ground floor to the second-floor offices.
The second-floor office has been refreshed with five private offices, new flooring and paint, upgraded restrooms, and a large storage area, making the layout practical for operations that require administrative space on-site. Zoned C2 1 for the buildings, with the parking lot zoned R1 1VL, the property provides a versatile zoning framework for a range of commercial, retail, office, and residential uses, depending on specific application and approvals.
Key Highlights
- Renovated two‑story commercial/food processing, office, and storage facility on 0.37 acres across three parcels (approx. 13,930 SF).
- Ground floor built for food‑related operations with commercial kitchen, multiple walk‑in refrigerators/freezers, floor drains, and waterproof lighting.
- Refrigerated exterior loading area plus two brand‑new roll‑up doors for efficient deliveries and distribution.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$210,128
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,202,560
$4.2M
Cap Rate 7%
$3,001,829
$3.0M
Cap Rate 9%
$2,334,756
$2.3M
Market Conditions
NOI Build-Up for 13,930 SF
Gross rent
$264.1K $18.96/SF
− Vacancy
−$16.9K −$1.21/SF
EGI
$247.2K $17.75/SF
− OpEx
−$37.1K −$2.66/SF
NOI
$210.1K $15.08/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,202,560
Cap Rate 7%
$3,001,829
Cap Rate 9%
$2,334,756
Alternative Uses
Best Use
Warehouse
$3.00M
$2.63M – $3.50M
NOI $210,128 @ 7.0% cap · market cap 3.56%
Second Best
Industrial
$2.47M
$2.16M – $2.88M
NOI $173,047 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$5.82M
$5.09M – $6.79M
NOI $407,116 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,320
Businesses Nearby
Under-served
Demand for This Use
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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
$961,700
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Los Angeles, CA
Properties on Market for Flex space in Los Angeles
Vacancy Rate% for Industrial in Los Angeles, CA
Similar Off Market Nearby
- Deluxe Motion Picture Catering — North Hollywood, CA 91601
- Under the Canape Inc — North Hollywood, CA 91601
- Impeccable Taste Catering — 10940 Burbank Blvd, North Hollywood, CA 91601
- Food Fetish — 10650 Burbank Blvd, North Hollywood, CA 91601
- Joey Meatballs — Los Angeles area, Hollywood, CA 90028
Frequently Asked Questions
What type of property is this?
Flex space - Renovated two-story food processing, office, and storage building with commercial kitchen, cold storage, and efficient dock access.
Where is this flex space located?
The property is located at 10658 Burbank Blvd Los Angeles, 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 two‑story commercial/food processing, office, and storage facility on 0.37 acres across three parcels (approx. 13,930 SF).; Ground floor built for food‑related operations with commercial kitchen, multiple walk‑in refrigerators/freezers, floor drains, and waterproof lighting.; Refrigerated exterior loading area plus two brand‑new roll‑up doors for efficient deliveries and distribution.
