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12144 Riverside Dr
Valley Village, CA 91607
Office Property For Sale
PROPERTY FACTS
About 12144 Riverside Dr , Valley Village, CA 91607
Rukard Group is pleased to present 12144 Riverside Drive located within one of San Fernando Valley's most desirable and thriving areas, Valley Village. The property is positioned on Riverside Drive and Vantage Avenue, just West of Laurel Canyon Boulevard. The office building is currently vacant and has potential for a 10 unit multifamily/condo redevelopment project. If one were to build 10 units, the purchase price per buildable unit would equate to $145,000. Condominium prices within this area range from $750,000 to upwards of $1,200,000 and apartment rents average $2.75/SF. The zoning is (Q) C2-1VL. The Q condition limits the building use to those allowed in the R3-1 zone and the specific plan in Valley Village limits the building height to 36 feet. Buyer to verify with city planning regarding a future development.
PROPERTY TAXES
| Parcel Number | 2356-036-008 | Improvements Assessment | $446,206 |
| Land Assessment | $1,132,249 | Total Assessment | $1,578,455 |
PROPERTY TAXES
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