Two-Story Office
New
For Sale
$2,549,000
3316 W Victory Boulevard, Burbank, CA 91505
Vacant delivery and four utility meters provide flexibility for occupancy planning, subject to applicable approvals.
Property Size4,000 SF
Lot Size0.12 Acres
Price / SF$637.25
Days on Market6
Property Features for 3316 W Victory Boulevard
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
7
Lot size
0.12 Acres
Property subtype
Office
Additional Details
Utilities to Site
Yes
Office Units
1
Amenities
three bathrooms
laundry facilities
Building Details
Building Size
4,000 SF
Year Built
1982
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Real Brokerage Technologies, Inc.
Listed By:
Sergei Hovsepyan · License #01992656
(818) 929-1158
Source:
Velocityrealtysd
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 21 at 4:06AM
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 Real Brokerage Technologies, Inc.
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Investment Insights
Based on property information with market context.
This two-story office property contains approximately 4,000 square feet on a 5,276-square-foot lot. The current layout is arranged for one occupant, and the building will be delivered vacant. Four utility meters could support a multi-tenant configuration, subject to required approvals. Three bathrooms and laundry facilities are also included. The building dates to 1982.
Seven parking spaces are located at the rear, with alley access; street parking is available nearby. The property fronts W Victory Boulevard in Burbank, near the Hollywood Way intersection. Warner Bros. Studios, Walt Disney Studios, and Hollywood Burbank Airport are among the named destinations in the surrounding area.
Seven parking spaces are located at the rear, with alley access; street parking is available nearby. The property fronts W Victory Boulevard in Burbank, near the Hollywood Way intersection. Warner Bros. Studios, Walt Disney Studios, and Hollywood Burbank Airport are among the named destinations in the surrounding area.
Key Highlights
- Approximately 4,000 square feet on a 5,276‑square‑foot lot
- Two‑story office building constructed in 1982
- Vacant delivery; current configuration accommodates a single occupant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,680
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,713,600
$1.7M
Cap Rate 7%
$1,224,000
$1.2M
Cap Rate 9%
$952,000
$952.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$134.4K $33.60/SF
− Vacancy
−$20.2K −$5.04/SF
EGI
$114.2K $28.56/SF
− OpEx
−$28.6K −$7.14/SF
NOI
$85.7K $21.42/SF
Area
Burbank, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,713,600
Cap Rate 7%
$1,224,000
Cap Rate 9%
$952,000
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.43M
NOI $85,680 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$81.04M
$70.91M – $94.54M
NOI $5,672,632 @ 7.0% cap · market cap 222.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,103
Businesses Nearby
Explore this area
Business Placement
Demographics for 91505, CA
32,371
Population
14,258
Households
2.3
Avg Household Size
40
Median Age
47%
College-Educated
94%
High-School Grad
5.4 sq mi
ZIP Area
5,995
Density / Sq Mi
$106,364
Median Household Income
$60,859
Median Earnings
$2,284
Median Rent
$992,300
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
Frequently Asked Questions
What type of property is this?
Office building - Vacant delivery and four utility meters provide flexibility for occupancy planning, subject to applicable approvals.
Where is this office building located?
The property is located at 3316 W Victory Boulevard Burbank, CA.
What is the asking price?
The asking price for this property is $2,549,000.
What are key features of this property?
This property features: Approximately 4,000 square feet on a 5,276‑square‑foot lot; Two‑story office building constructed in 1982; Vacant delivery; current configuration accommodates a single occupant
