Two-Building Mixed-Use
For Sale
Contact for pricing
1028 W Burbank Blvd, Burbank, CA 91506
Two buildings combine auto-repair-related space with a live-work sound studio and street-facing access.
Property Size4,650 SF
Price / SF$774.19
Days on Market1021
Property Features for 1028 W Burbank Blvd
General Information
Standard status
Active
Size
4,650 SF
Property subtype
INDUSTRIAL
Occupancy
100%
Additional Details
Road Access
Yes
Amenities
Drive-through access
Building Details
Buildings
2
Listing Agency:
Stevenson Real Estate Services
(818) 956-7001
Listed By:
Ante Trinidad · License #00704267
(818) 371-1127
Source:
Moodyscre
Added: Nov 29, 2023
Changed: Sep 4
Last Checked: Sep 14 at 5:11AM
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.
This two-building mixed-use property totals 4,650 SF and combines auto-repair-related space with a live-work sound studio SFR. The property includes 3,840 SF associated with the auto-repair-related use and an 810 SF live-work sound studio SFR. Construction plans are included to enclose a 640 SF carport, increasing the total building area to 5,290 SF upon completion.
The property offers 100 feet of West Burbank Boulevard street frontage and is located across from Costco. A 20-foot ingress/egress easement to Isabel St provides additional access, while the drive-through layout accommodates large 18-wheelers.
The property offers 100 feet of West Burbank Boulevard street frontage and is located across from Costco. A 20-foot ingress/egress easement to Isabel St provides additional access, while the drive-through layout accommodates large 18-wheelers.
Key Highlights
- 4,650 SF two‑building mixed‑use property
- 3,840 SF auto‑repair‑related space plus an 810 SF live‑work sound studio SFR
- 100' West Burbank Boulevard street frontage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$117,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,350,760
$2.4M
Cap Rate 7%
$1,679,114
$1.7M
Cap Rate 9%
$1,305,978
$1.3M
Market Conditions
NOI Build-Up for 4,650 SF
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.
Gross rent
$171.9K $36.96/SF
− Vacancy
−$4.0K −$0.85/SF
EGI
$167.9K $36.11/SF
− OpEx
−$50.4K −$10.83/SF
NOI
$117.5K $25.28/SF
Area
Burbank, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,350,760
Cap Rate 7%
$1,679,114
Cap Rate 9%
$1,305,978
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,538 @ 7.0% cap · market cap 3.26%
Second Best
Office B
$1.42M
$1.25M – $1.66M
NOI $99,603 @ 7.0% cap · market cap 2.77%
Theoretical Best
Multifamily LT 5
$94.21M
$82.43M – $109.91M
NOI $6,594,435 @ 7.0% cap · market cap 183.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,648
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine auto-repair-related space with a live-work sound studio and street-facing access.
Where is this mixed-use property located?
The property is located at 1028 W Burbank Blvd Burbank, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 4,650 SF two‑building mixed‑use property; 3,840 SF auto‑repair‑related space plus an 810 SF live‑work sound studio SFR; 100' West Burbank Boulevard street frontage
