NOT LISTED FOR SALE

10216 Riverside Dr Los Angeles, CA 91602

-- Bed
4 Baths
4,764 Sq Ft
8,252 Sq Ft Lot

Last Sold December 20, 2024

Last sale price $3,595,000 $755 Per Sq Ft

63 Days on Market

Highlights

  • View of Trees or Woods
  • Central Heating and Cooling System
  • North Facing Home
  • Guest Parking
  • Concrete Flooring
  • 1-Story Property

About This Home

As of December 2024

Mixed Use commercial investment, prime Toluca Lake location. Four units (one vacant), 4,764 square feet of high visibility storefront retail/office property for sale on popular high traffic main corridor. Dream opportunity set in vibrant hub. Beautifully well-maintained businesses with convenient street parking plus on-site parking for 11 cars accessed via a rear alley. Upscale building signage enhances visibility along Riverside Drive. Strategically located to nearby major retailors, dining and recreation. Highly accessible to the 134, 101 and 170 freeways, close to major studios, public transit and airports. Boasts high walkable and bikeable scores.

Last Agent to Sell the Property

Craig Strong

Compass License #01450987 Listed on: 08/28/2024

Compass

Co-Listed By

Kristin Neithercut

Compass License #02003278

Last Buyer's Agent

Craig Strong

Compass License #01450987 Listed on: 08/28/2024

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,715

Lot Details

  • 8,252 Sq Ft Lot
  • North Facing Home
  • No Landscaping

Home Design

  • Slab Foundation

Interior Spaces

  • 4 Bathrooms
  • 4,764 Sq Ft Home
  • 1-Story Property
  • Concrete Flooring
  • Views of Woods

Parking

  • 11 Open Parking Spaces
  • 11 Parking Spaces
  • Guest Parking

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Community Details

  • 4 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance, trash collection, water
  • Assessor Parcel Number 2424-006-038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,715

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 4764
  • Lot Acreage: 0.1890
  • Probate: No
  • Stories: 1
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Cement
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 754.62

Exterior Features

  • Direction Faces: North
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Pool: No
  • Spa Yn: No
  • View: Walk Street, Trees/Woods
  • View: Yes

Garage/Parking

  • Other Spaces: 11
  • Parking Garage: Parking for Guests - Onsite
  • Total Parking: 11

Utilities

  • Cooling: Central, Air Conditioning
  • Heating: Central
  • Sewer: In Street
  • Water: Public

Lot Info

  • Assessed Improvement Percent: 37.66
  • Assessed Improvement Value: 38850
  • Assessed Land Percent: 62.34
  • Assessed Land Value: 64300
  • Total Assessed Value: 103150
  • Assessor Parcel Number: 2424-006-038
  • Lot Description: 2-4 Lots, Alley Paved, No Landscaping, Sidewalks, Walk Street
  • Lot Location: City, Flats
  • Lot Size Area: 8252

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance, Trash Collection, Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.97
  • Number Of Units: 4
  • Total Annual Expense: 150883
  • Type Of Units: Commercial
  • Vacancy Rate: 1 unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2024
Closed on
Nov 14, 2024
Sold by
Pawsitive Beginnings Inc
Bought by
Niemeyer Family Trust and Niemeyer
Seller's Agent
Craig Strong
Compass
Buyer's Agent
Craig Strong
Compass
List Price
$3,795,000
Sold Price
$3,595,000
Premium/Discount to List
-$200,000
-5.27%
Views
28

Purchase Details

Closed on
Jan 16, 2024
Sold by
Revocabl Seymour B and Revocabl Maurine
Bought by
Pawsitive Beginnings Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Niemeyer Family Trust $3,595,000 Ticor Title Company
Niemeyer Family Trust $3,595,000 Ticor Title Company
Pawsitive Beginnings Inc $3,500,000 First American Title Insurance
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2024 12/20/24 Sold $3,595,000 0.0% $755 / Sq Ft
10/30/2024 10/30/24 Pending -- -- --
10/25/2024 10/25/24 Price Changed $3,595,000 -2.7% $755 / Sq Ft
09/24/2024 09/24/24 Price Changed $3,695,000 -2.6% $776 / Sq Ft
08/28/2024 08/28/24 For Sale $3,795,000 -- $797 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,715 $1,035,000 $735,000 $300,000
2024 $1,715 $105,213 $65,586 $39,627
2023 $1,685 $103,150 $64,300 $38,850
2022 $1,609 $101,129 $63,040 $38,089
2021 $1,576 $99,147 $61,804 $37,343
2019 $1,468 $96,209 $59,972 $36,237
2018 $1,388 $94,324 $58,797 $35,527
2016 $1,310 $90,664 $56,515 $34,149
2015 $1,294 $89,304 $55,667 $33,637
2014 $1,303 $87,556 $54,577 $32,979
Source: Public Records

Agents Affiliated with this Home

  • Craig Strong

    Seller's Agent in 2024

    Craig Strong

    Compass

    (818) 987-9700

    308 Total Sales

    Craig Strong
    Section Image
  • Kristin Neithercut

    Seller Co-Listing Agent in 2024

    Kristin Neithercut

    Compass

    (508) 826-7127

    191 Total Sales

    Kristin Neithercut
    Section Image
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Map

Source: The MLS

MLS Number: 24-431957

The MLS

APN: 2424-006-038

California Los Angeles County Los Angeles 91602

10216 Riverside Dr, Los Angeles, CA

This home is located at 10216 Riverside Dr, Los Angeles, CA 91602 since 28 August 2024. 10216 Riverside Dr is a home located in Los Angeles County with nearby schools including Toluca Lake Elementary School, Walter Reed Middle, and East Valley Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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