10352-58 Riverside Drive
10352-58 Riverside Drive, Toluca Lake, CA 91602, United States

ALMOST PERMIT READY
FULLY ENTITLED FOR 12 RESIDENTIAL UNITS
 
CBRE, Inc., as exclusive agent is pleased to present for sale a prime ±9,322 development site that is fully entitled to build 12 residential units in the desirable Toluca Lake submarket of Los Angeles, California.

Located in the San Fernando Valley at 10352-58 Riverside Drive, the project is nearly permit ready; plans have been submitted to the City for plan check and building permits will be Ready to Issue in October.

The project is programmed to deliver an attractive mix of two-bedroom, three-bedroom, and penthouse units, along with ample parking and private roof deck space.

Surrounding demographics within a three-mile radius are exceptionally strong with average household income of $107,144 forecasted by 2021.
 
Boasting a “Very Walkable” Walk Score of 77, the Property is situated in an amenity-rich neighborhood.
  There are 36 restaurants within walking distance of the property, including Catcher in the Rye, Kaboso Japanese Cuisine and Malbec Argentinian Cuisine.  10352 Riverside Drive is close to Lakeside Golf Club (with access to the 6-acre Toluca Lake), Weddington Park and North Hollywood Park.

The Property is located less than 1.5 miles away from the trendy North Hollywood Arts District and to bustling Universal City, and is a short drive to upscale Studio City, Sherman Oaks.  Also within convenient driving distance are numerous employment centers and dining, shopping, and entertainment venues including those in Burbank, Glendale, Pasadena, Warner Center and Downtown Los Angeles.

 

CBRE
+1 (310) 550-2556
CBRE
+1 (310) 550-2529