1014 Magnolia Boulevard Burbank, CA 91506

Building Details

Year Built

1946

Listing office DRE #01746702 d***@incomepropertiesla.com Show Phone

Listing date Aug 19, 2024

Source Xome

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Investment Insights

Based on property information with market context.

This is a unique opportunity to purchase three contiguous parcels being sold together. The property is zoned BUC3 and consists of two structures and one parking lot. Located on the corner of Magnolia Blvd and Lomita St, between Victory and Buena Vista Street. The larger structure is approximately 7,000 square feet and is currently used as creative office, warehouse, and flex space. The corner building is just over 1,500 square feet and is used as creative office and warehouse. An owner-user could occupy the larger structure and lease out the smaller building. There is flexibility in terms of how the structures are configured, with room to customize the set up to suit many needs. The property features two ground-level roll-up doors, a conference room, multiple offices and open workspace, second-floor offices, three kitchenettes, and ADA restrooms. The buyer is responsible for verifying these features. One and three-phase power is available in the larger building, which features 10-foot ceilings, ample storage and warehouse space. Both buildings have central heat and AC. There are 13 parking spaces. The property was completely remodeled in 2011.

Key Highlights

• Three contiguous parcels with BUC3 zoning, offering diverse usage possibilities.
• Potential for owner‑user SBA loan with low down payment by occupying the larger structure and leasing the smaller one.
• Two structures (7,000 SF and 1,500 SF) suitable for creative office, warehouse, or flex space.

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FAQs

What type of property is this?

Flex space - Three contiguous parcels with creative office, warehouse, and flex space.

Where is this flex space located?

The property is located at 1014 Magnolia Boulevard Burbank, CA.

What is the asking price?

The asking price for this property is $4,000,000.

What are key features of this property?

This property features: Three contiguous parcels with BUC3 zoning, offering diverse usage possibilities.; Potential for owner‑user SBA loan with low down payment by occupying the larger structure and leasing the smaller one.; Two structures (7,000 SF and 1,500 SF) suitable for creative office, warehouse, or flex space.