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    7633 Varna Avenue Unit G North Hollywood, CA 91605

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    For Lease
    $2 SF/Yr $345/Mo (calc)

    Renovated flex/industrial unit near studios and Burbank.

    Type:Industrial
    Property size:
    1,929 SF
    Added:
    Nov 21, 2025
    Days on Market:
    167
    Last Refresh:
    Dec 3 at 5:29 am

    Property Features for 7633 Varna Avenue Unit G

    General Information

    Standard status
    Active
    Size
    1,929 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1978

    Spaces For Lease

    at 7633 Varna Avenue Unit G Contact us

    We can help!

    Listing Contact
    Gabriella Luca

    Listing agent Gabriella Luca License #3275492

    Listing office JB Realty Homes & Loans

    Listing date Nov 21, 2025

    Source Naiglobal

    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 JB Realty Homes & Loans

    HighLights

    • High‑quality flex/industrial unit in a desirable North Hollywood location, close to Burbank studios and the NoHo Arts District.
    • Immediate access to the 170 Freeway via nearby on/off ramps.
    • Fully renovated office space with new wood laminate flooring, paint, and a private restroom.
    • 15' interior clearance height in the warehouse component with access via a 12' x 12' automatic glass roll‑up door.
    • Separately metered units for independent control of water and power usage (approximately 125 Amps of 120/240 Volt; 3 Phase Power).
    • Professionally managed property allowing tenants to focus on their business.

    Overview

    North Hollywood Flex/Industrial Unit

    Located in North Hollywood, California, 7633 Varna Avenue is a multi-tenant industrial building. A flex/industrial unit is available for lease, offering approximately 1,929 square feet. The unit includes renovated office space and an automated glass roll-up door. The office area is approximately 600 square feet, featuring three private offices, a small bullpen area, and one restroom. The warehouse area provides approximately 1,329 square feet of space with a 15-foot interior clearance height. Warehouse access is facilitated by one ground-level door measuring 12' x 12'. The unit includes three reserved parking stalls. The property is part of a fenced and private business park environment. Each unit is separately metered for independent control of water and power usage and provides approximately 125 Amps of 120/240 Volt; 3 Phase Power. The property is located in close proximity to Burbank’s major entertainment studios and amenities in the NOHO Arts District, including restaurants, shopping, and banking. It is located just blocks from the intersection of Woodman Avenue and Saticoy Street, with immediate access to the 170 Freeway. The office space was fully renovated in 2020 with new wood laminate flooring and paint. The property is professionally managed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Empire Optical Big Box & Wholesale Store Victory Gutters Hardware & Home Improvement Lg Chimney Sweep ... General Contractor LG Builders, Inc General Contractor VGS Victory Gutter ... Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Haute Chefs Los Angeles — 13131 Sherman Way #103, Valley Glen, CA 91605
    • By The Way Catering Co. — 7333 Fulton Ave, North Hollywood, CA 91605
    • LimelightCateringCo — 7333 Fulton Ave Unit 18, North Hollywood, CA 91605
    • Artistic Catering — 7316 Varna Ave, North Hollywood, CA 91605
    • Symphony In Ice — 7316 Varna Ave, North Hollywood, CA 91605

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.4248463
    Latitude
    34.2099074

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    FAQs

    What type of property is this?
    Flex space - Renovated flex/industrial unit near studios and Burbank.
    Where is this flex space located?
    The property is located at 7633 Varna Avenue Unit G North Hollywood, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: High‑quality flex/industrial unit in a desirable North Hollywood location, close to Burbank studios and the NoHo Arts District.; Immediate access to the 170 Freeway via nearby on/off ramps.; **Fully renovated office space** with new wood laminate flooring, paint, and a private restroom.
    (954) 572-5102
    We can help!
    Listing Contact
    Gabriella Luca
    Real Estate License ID: 3275492
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    7633 Varna Avenue, Unit G, North Hollywood, CA 91605-1748
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