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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11008 Riverside Dr North Hollywood, CA 91602-2119

    • Office buildings
    • 879 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Jan 07, 2021
    $525,005
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    3.8%
    Office buildings
    Location Intelligence
    Property ID
    US09-7690713
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hayley’s Place / Nail Salon

    Property Details for 11008 Riverside Dr

    Year built
    1939
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    879 SF
    Zone code
    LAR3
    Property type
    Office buildings
    APN
    2423-010-001
    APU
    2423010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $540,000
      ML approach
      $515,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $655,000
      Market price range: $254k - $655k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $435,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $535,000
      Change: +23% Conversion: Difficult
      RETAIL STORES
      $455,000
      Change: +6% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $410,000
      Change: -5% Conversion: Easy
      AUTO REPAIR, GARAGE
      $400,000
      Change: -7% Conversion: Difficult
      MEDICAL BUILDING
      $400,000
      Change: -8% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.371
    Latitude
    34.1522
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,896
    $451,013
    $106,120
    $557,133
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,610,000
      8,750 SF

      4716 Vineland Ave

      OFFICE BUILDING • 8,750 SF
      4716 Vineland Ave, North Hollywood, CA 91602-1222
      View Details
    • Value Estimation
      $585,000
      2,415 SF

      10866 Riverside Dr

      PROFESSIONAL BUILDING • 2,415 SF
      10866 Riverside Dr, North Hollywood, CA 91602-2236
      View Details
    • Value Estimation
      $13,155,000
      74,215 SF

      4455 Lankershim Blvd

      OFFICE BUILDING • 74,215 SF
      4455 Lankershim Blvd, North Hollywood, CA 91602-2349
      View Details
    • Value Estimation by Request
      10,653 SF

      4142 Lankershim Blvd

      OFFICE BUILDING (MULTI-STORY) • 10,653 SF
      4142 Lankershim Blvd, North Hollywood, CA 91602-2829
      View Details
    • Value Estimation
      $835,000
      3,418 SF

      10133 Riverside Dr

      OFFICE BUILDING • 3,418 SF
      10133 Riverside Dr, Toluca Lake, CA 91602-2533
      View Details
    • Value Estimation
      $620,000
      3,174 SF

      10721 Riverside Dr

      PROFESSIONAL BUILDING • 3,174 SF
      10721 Riverside Dr, North Hollywood, CA 91602
      View Details

    Similar Nearby for Sale

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      34,420 SF

      North Hollywood Office Building For Sale

      34,420 SF office building available for purchase in North Hollywood.
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      100% leased office building in Studio City.
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      Medical Office in Los Angeles

      Medical office space available for sale in Los Angeles.
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    • Contact for pricing
      9,433 SF

      Lankershim Blvd Retail Portfolio

      Prime LA Retail, High Visibility
      4111 Lankershim Blvd, Los Angeles, CA 91602
      View Details
    • $365,000
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      Established Franchise Store in Hollywood

      Well-established Baja Fresh franchise in prime Hollywood location for sale.
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    • $724,500
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      Toluca Lake Condo with Amenities

      Modern 2-bedroom condo with pool, sauna, and recreation room.
      10824 Bloomfield St, North Hollywood, CA 91602
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    Similar Nearby for Lease

    • Contact for pricing
      1,752 SF

      North Hollywood Executive Suites

      Prime Office Space, Newly Renovated
      10999 Riverside Dr, Los Angeles, CA 91602
      View Details
    • $3 SF/Yr
      25,335 SF

      Commercial Building for Lease

      Commercial building for lease in Los Angeles.
      4418 Vineland Ave, North Hollywood, CA 91602
      View Details
    • $3 SF/Yr
      8,084 SF

      Medical/Office Space for Sublease

      Approximately 1,900 SF medical/office space available for sublease.
      4789 Vineland Ave, North Hollywood, CA 91602
      View Details
    • $21 SF/Yr
      15,205 SF

      Prime Toluca Lake Executive Suites

      Los Angeles Office Space for Lease
      11336 Camarillo St, Los Angeles, CA 91602
      View Details
    • $3,995 /Mo
      1,395 SF

      Remodeled Office Space in North Hollywood

      Remodeled office space perfect for small businesses and creative endeavors.
      10944 Kling St, North Hollywood, CA 91602
      View Details
    • $3 SF/Yr
      19,238 SF

      Renovated Office Space Available

      Office space with renovated common areas, close to studios.
      10999 Riverside Dr, North Hollywood, CA 91602
      View Details
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    North Hollywood, CA 91602-2119
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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.

    More about this property
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