1014 W Magnolia Boulevard, Burbank CA, 91506

Active

1014 W Magnolia Boulevard

Burbank CA, 91506

$4,000,000

$483.44 per sqft

Active

8,274 sqft

Commercial

Built in 1946

Listed by Dana Coronado with Compass 310-562-9630

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.

24464895

MLSⓇ ID

November 18, 2024

Listed

November 19, 2024

Updated

Map

1014 W Magnolia Boulevard
Burbank CA, 91506

Interior Features

Total Stories: 2
Laundry Description: None
Fireplace: No
Cooling: Yes
Heating: Yes
Heating Description: Central

Exterior/Building Features

Lot Size: 0.28 Acres
Lot Features: Corner Lot, Rectangular Lot, Street Level
Roof: Flat

Other Property Details

Area Name: 610 - Burbank
Days on Market: 1
Garage: No
Parking Total: 13
View: No
County: Los Angeles
Water Source: Public
Pool: No
Zoning: BUC3*

Listing Contact: 818-783-7721

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/19/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 11/19/2024 at 8:50 PM UTC