Multi-Building Flex
For Sale
Contact for pricing
1022-1024 W Burbank Blvd, Burbank, CA 91506
Four-building flex property totaling 7,315 SF with month-to-month tenancies and auxiliary structures on-site.
Property Size7,315 SF
Price / SF$457.96
Days on Market976
Property Features for 1022-1024 W Burbank Blvd
General Information
Standard status
Active
Size
7,315 SF
Property subtype
INDUSTRIAL
Listing Agency:
Stevenson Real Estate Services
(818) 371-1127
Listed By:
Ante Trinidad · License #00704267
(818) 371-1127
Source:
Moodyscre
Added: Nov 29, 2023
Changed: Jul 30
Last Checked: Jul 31 at 5:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stevenson Real Estate Services
Investment Insights
Based on property information with market context.
Multi-building flex space delivered to an owner-user purchaser with month-to-month tenancies and/or partially vacant areas. The property includes 3,150 SF at 1022 W Burbank Blvd and 4,165 SF at 1024 W Burbank Blvd, plus three auxiliary structures totaling 4,165 SF split across 1,954 SF, 1,356 SF, and 855 SF.
The site offers 180' of frontage on W Burbank Boulevard and is located across from Costco. The flexible configuration supports a variety of flex and combination uses.
This is a four-building layout with on-site auxiliary structures, designed to give an owner flexibility to occupy some space while accommodating month-to-month tenants or potential downtime.
The site offers 180' of frontage on W Burbank Boulevard and is located across from Costco. The flexible configuration supports a variety of flex and combination uses.
This is a four-building layout with on-site auxiliary structures, designed to give an owner flexibility to occupy some space while accommodating month-to-month tenants or potential downtime.
Key Highlights
- Four‑building flex property totaling 7,315 SF
- 180' frontage on W Burbank Boulevard
- Across from Costco
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.7k | $18.96 |
| − Vacancy | −$8.9k | −$1.21 |
| EGI | $129.8k | $17.75 |
| − OpEx | −$19.5k | −$2.66 |
| NOI | $110.3k | $15.08 |
7,315 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,344 @ 7.0% cap · market cap 3.29%
Second Best
Industrial
$1.30M
$1.14M – $1.51M
NOI $90,871 @ 7.0% cap · market cap 2.71%
Theoretical Best
Multifamily LT 5
$148.20M
$129.67M – $172.90M
NOI $10,373,826 @ 7.0% cap · market cap 309.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,648
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91506, CA
19,338
Population
8,530
Households
2.3
Avg Household Size
43
Median Age
47%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
8,058
Density / Sq Mi
$107,171
Median Household Income
$60,017
Median Earnings
$1,913
Median Rent
$1,055,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Robert's Catering Services — 101 N Victory Blvd Suite G & F, Burbank, CA 91502
- Command Performance Catering — 2217 W Burbank Blvd, Burbank, CA 91506
- Aramark — Burbank, CA 91502
- The Whaling Club — 2001 W Burbank Blvd, Burbank, CA 91506
Frequently Asked Questions
What type of property is this?
Flex space - Four-building flex property totaling 7,315 SF with month-to-month tenancies and auxiliary structures on-site.
Where is this flex space located?
The property is located at 1022-1024 W Burbank Blvd Burbank, CA.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Four‑building flex property totaling 7,315 SF; 180' frontage on W Burbank Boulevard; Across from Costco
