Mixed-Use Investment
For Sale
Contact for pricing
Pending
10761 Burbank Blvd, Los Angeles, CA 91601
Fully occupied mixed-use property in North Hollywood with value-add potential.
Property Size3,824 SF
Lot Size0.14 Acres
Days on Market166
Property Features for 10761 Burbank Blvd
General Information
Standard status
Pending
Size
3,824 SF
Lot size
0.14 Acres
Property subtype
Multifamily, Office, Retail
Zoning
c2
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
1955
Buildings
2
Stories
2
Units
11
Listing Agency:
Marcus & Millichap - Encino
(818) 212-2744
Listed By:
Martin Agnew · License #CA 01339034
Source:
Crexi
Added: Feb 27
Changed: Aug 8
Last Checked: Jul 24 at 9:49AM
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 at 10761 Burbank Blvd is a fully occupied mixed-use investment opportunity located at the corner of Burbank Blvd and Riverton Avenue in North Hollywood. Constructed in 1955, the property totals 3,824 square feet on a 6,088 square foot lot. It features a combination of street-front retail, six executive office suites, and four studio apartment units. The property benefits from a roof that was replaced approximately seven years ago and includes six on-site parking spaces. It has 55 feet of frontage along Burbank Blvd and 115 feet along Riverton Ave, with high visibility and 25,625 vehicles per day along Burbank Blvd. The location has a Walk Score of 86, indicating a walkable, amenity-rich environment. The existing configuration offers multiple value-add pathways, including the potential to expand the residential units, convert the office suites into additional apartments, or modernize the retail component. The property has LAC2 zoning and flexible month-to-month tenancy. It is offered at a 5.26% CAP rate, supported by in-place income.
Key Highlights
- Mixed‑use property with retail, office suites, and apartments offering diverse income streams
- High‑traffic location with excellent visibility:** 55 ft frontage on Burbank Blvd (25,625 vehicles per day) and 115 ft on Riverton Ave
- LAC2 zoning and month‑to‑month tenancy provide flexibility for value‑add strategies
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
$90,767
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
8.25%
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%
$1,815,340
$1.8M
Cap Rate 7%
$1,296,671
$1.3M
Cap Rate 9%
$1,008,522
$1.0M
Market Conditions
NOI Build-Up for 3,824 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
$148.7K $38.88/SF
− Vacancy
−$27.7K −$7.23/SF
EGI
$121.0K $31.65/SF
− OpEx
−$30.3K −$7.91/SF
NOI
$90.8K $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%
$1,815,340
Cap Rate 7%
$1,296,671
Cap Rate 9%
$1,008,522
Alternative Uses
Best Use
Apartment 5plus
$67.61M
$59.16M – $78.87M
NOI $4,732,407 @ 7.0% cap · market cap 430.22%
Second Best
Office B
$1.30M
$1.13M – $1.51M
NOI $90,767 @ 7.0% cap · market cap 8.25%
Theoretical Best
Multifamily LT 5
$77.47M
$67.79M – $90.38M
NOI $5,423,036 @ 7.0% cap · market cap 493.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,866
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied mixed-use property in North Hollywood with value-add potential.
Where is this mixed-use property located?
The property is located at 10761 Burbank Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Mixed‑use property with retail, office suites, and apartments offering diverse income streams; High‑traffic location with excellent visibility:** 55 ft frontage on Burbank Blvd (25,625 vehicles per day) and 115 ft on Riverton Ave; LAC2 zoning and month‑to‑month tenancy provide flexibility for value‑add strategies
