10431-10435 Burbank Blvd — Sale in North Hollywood, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: North Hollywood, CA 91601

Photos

10431-10435 Burbank Blvd — Sale in North Hollywood, CA, photo 1 of 2
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Investment Figures

Cap rate
3.80%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 10431–10435 Burbank Boulevard, a rare owner-user or value-add commercial opportunity located at the North Hollywood–Burbank border. The property consists of approximately 4,156 square feet of commercial improvements situated on a 5,251-square-foot C2-1VL-zoned parcel and is offered at $2,160,000, or $519.73 per square foot. This infill asset provides a buyer with multiple occupancy strategies and strong long-term positioning within a high demand corridor. The building is configured as four separate units and is currently 100 percent occupied by three recording studio tenants, all on month-to-month leases. This flexible tenancy allows an owner-user to occupy all or a portion of the building immediately, while also enabling an investor to re-tenant, reposition, or operate the property as a multi-tenant commercial asset. The existing layout may accommodate a variety of office, retail, studio, and other commercial uses, subject to a buyer’s independent verification of zoning and permitting requirements. The site offers approximately 50 feet of frontage along Burbank Boulevard with exposure to roughly 25,625 vehicles per day. Six on-site parking spaces, arranged in three tandem configurations, support practical access for tenants and customers. Together, the property’s frontage, traffic counts, parking, and multi-unit configuration enhance visibility, accessibility, and usability for a wide range of commercial occupants. Investment Highlights: • Owner-User or Value-Add Flexibility – Month-to-month tenancy allows a buyer to immediately occupy the property, re-tenant the building, or pursue a full repositioning strategy. • Four-Unit Configuration – Individually demised units allow an owner-user to occupy the entire building or utilize only a portion while collecting rental income from remaining tenants. • 100% Occupied – Three established recording studio tenants in place across all four units, providing in-place income from day on

Market Context

This office in North Hollywood, CA is listed for sale. It is offered at an approximate 3.8% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in North Hollywood, CA — view the full market.

As of Q2 2026, the Greater Los Angeles office market showed average asking rents near $43.08/SF/yr. Source: multiple brokerage reports, Q2 2026.

Estimated Price per SF

$120.58/SF – $876.96/SF

Mid: $365.40/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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