1014 W Magnolia Boulevard , Burbank, CA 91506
Burbank, CA 91506
Description
Very unique opportunity to purchase 3 contiguous parcels being sold together. Zoned BUC3, the property consists of two structures and one parking lot. The property is on the corner of Magnolia Blvd and Lomita St, between Victory and Buena Vista Street. The larger structure is appx 7,000 SF and is currently used as creative office/warehouse/flex. The corner building is just over 1,500 SF and is used as creative office and warehouse. An owner-user could easily occupy the larger structure and lease out the smaller building, while still qualifying for an owner-user SBA Loan with as little as 10% down payment. There is also flexibility in terms of how the structures are configured, with room to customize the set up to suit many needs. A must see, especially when it's cheaper to own than rent! **Property features 2 ground level roll up doors, conference room, multiple offices and open work space, 2nd floor offices, 3 kitchenettes, and ADA restrooms (Buyer to verify). 1 and 3 phase power is available in the larger building, which features 10' ceilings, ample storage and warehouse space, and more. Central heat and AC in both buildings. There are 13 parking spaces and the property was completely remodeled in 2011.
Details
| Mls | 24464895 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1946 |
| Days On Site | 18 |
| Listing Provided By | Compass 818-783-7721 | Dana Coronado |
Features
| Sq Feet | 8,274 |
|---|---|
| Storys | 2 |
| Buildings | 2 |
| Zoning | BUC3* |
| Acreage | 0.28 |
Market Activity 91506
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Burbank |
| Zip Code | 91506 |
| Area | 610 Burbank |
| Listing VS Median (in 91506) | |
Price: $4,000,000 low | high Med: $1,299,500 SqFt: 8,274 low | high Med: 1,721 $ / SqFt: $483 low | high Med: $769 On Site: 18 low | high Med: 20.000000 | |