Flexible Flex Space with
For Sale
$1,650,000
1610 W Magnolia Boulevard, Burbank, CA 91506
Commercial Sale, Burbank, CA
Property Size2,000 SF
Price / SF$825
Days on Market54
Property Features for 1610 W Magnolia Boulevard
General Information
Property type
Residential
Property subtype
Retail
Directions
On Magnolia Blvd between Victory & Buena Vista
Subdivision
610 - Burbank
Standard status
Active
APN
2446015006
Amenities
private restroom
abundant storage space
Building Details
Year built
1950
Listing Agency:
Howard Realty Group
(818) 355-6017
Listed By:
Brett Howard · License #01120327
(818) 355-6017
Added: Jul 7
Changed: Aug 24
Last Checked: Aug 29 at 8:06PM
MLS# BB26147451
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This approximately 2,000-square-foot flex property combines a customer-facing front showroom or office area with a substantial rear workshop and open workspace. The layout also includes a private restroom and abundant storage, creating a practical mix of presentation, production, and support areas within one commercial building. Constructed in 1950, the property is positioned for retail, office, or light commercial use.
Located on Magnolia Boulevard in Burbank, the property includes rear parking accessed from the alley. A current tenant wants to remain, adding an existing occupancy consideration for an investor evaluating the asset.
Located on Magnolia Boulevard in Burbank, the property includes rear parking accessed from the alley. A current tenant wants to remain, adding an existing occupancy consideration for an investor evaluating the asset.
Key Highlights
- Approximately 2,000 sq. ft. of flexible retail/office space
- Front showroom or office area paired with a rear workshop/open workspace
- Private restroom and abundant storage
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
$50,554
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
3.06%
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%
$1,011,080
$1.0M
Cap Rate 7%
$722,200
$722.2K
Cap Rate 9%
$561,711
$561.7K
Market Conditions
NOI Build-Up for 2,000 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
$73.9K $36.96/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$72.2K $36.11/SF
− OpEx
−$21.7K −$10.83/SF
NOI
$50.6K $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%
$1,011,080
Cap Rate 7%
$722,200
Cap Rate 9%
$561,711
Alternative Uses
Best Use
Retail
$722.2K
$631.9K – $842.6K
NOI $50,554 @ 7.0% cap · market cap 3.06%
Second Best
Office B
$612.0K
$535.5K – $714.0K
NOI $42,840 @ 7.0% cap · market cap 2.60%
Theoretical Best
Multifamily LT 5
$40.52M
$35.45M – $47.27M
NOI $2,836,316 @ 7.0% cap · market cap 171.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,499
Businesses Nearby
Balanced
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Front showroom, rear workspace, private restroom, storage, and alley-access parking support varied commercial configurations.
Where is this flex space located?
The property is located at 1610 W Magnolia Boulevard Burbank, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Approximately 2,000 sq. ft. of flexible retail/office space; Front showroom or office area paired with a rear workshop/open workspace; Private restroom and abundant storage
