Building Details

Buildings 2

Listing Agency: Stevenson Real Estate Services Show Phone

Listed By: Ante Trinidad · License #CA 00704267 Show Phone

Source: Moodyscre

Added: Nov 29, 2023 Changed: Oct 25 Last Checked: Oct 28 at 12:27PM

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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

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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.

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 / Yr

$117,538

Cap Rate

3.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,350,760 $2.4M

Cap Rate 7%

$1,679,114 $1.7M

Cap Rate 9%

$1,305,978 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,650 SF

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 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 (±1% cap)

NOI $117,538 @ 7.0% cap · market cap 3.26%

Second Best

Office B

$1.42M

$1.25M – $1.66M (±1% cap)

NOI $99,603 @ 7.0% cap · market cap 2.77%

Theoretical Best

Multifamily LT 5

$94.21M

$82.43M – $109.91M (±1% cap)

NOI $6,594,435 @ 7.0% cap · market cap 183.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Hotel & Motel Auto Parts Store Storage Facility Food Market Big Box & Wholesale Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2,648

Businesses Nearby

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 Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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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