Building Details

Building Size 2,830 SF

Year Built 1959

Listing Agency: Brad Korb Real Estate Group

Listed By: Bradley Korb · License #00698730 Show Phone

Source: Truthrealty

Added: Oct 16 Changed: Oct 19 Last Checked: Oct 19 at 2:05PM

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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 Brad Korb Real Estate Group

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Investment Insights

Based on property information with market context.

This mixed-use property has 2,830 square feet of building space on a 3,125-square-foot lot. The lower level contains commercial space, a kitchen, two bathrooms, and a two-car garage. Upstairs, the residential portion includes two bedrooms, two bathrooms, central heating and air conditioning, and a dedicated laundry room. The building was constructed in 1959.

Located at 4105 W Magnolia Boulevard in Burbank, the property offers commercial and residential areas within the same building.

Key Highlights

• 2,830 square feet of building space on a 3,125‑square‑foot lot
• Lower‑level commercial area includes a kitchen and two bathrooms
• Two‑car garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,619

Cap Rate

3.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,212,380 $1.2M

Cap Rate 7%

$865,986 $866.0K

Cap Rate 9%

$673,544 $673.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,830 SF

Gross rent

$95.1K $33.60/SF

− Vacancy

−$14.3K −$5.04/SF

EGI

$80.8K $28.56/SF

− OpEx

−$20.2K −$7.14/SF

NOI

$60.6K $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%

$1,212,380

Cap Rate 7%

$865,986

Cap Rate 9%

$673,544

Alternative Uses

Best Use

Office B

$866.0K

$757.7K – $1.01M (±1% cap)

NOI $60,619 @ 7.0% cap · market cap 3.79%

Second Best

Mixed Use

$682.2K

$597.0K – $795.9K (±1% cap)

NOI $47,756 @ 7.0% cap · market cap 2.98%

Theoretical Best

Multifamily LT 5

$57.33M

$50.17M – $66.89M (±1% cap)

NOI $4,013,387 @ 7.0% cap · market cap 250.84%

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

Property Analytics

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Current Use

Avery Prep Tutoring Tutoring Service

Suggested Use

Top Pick Parking Lot & Garage Storage Facility (Bike/Boat/Book/etc) Store Butcher Clothing & Fashion Store Tanning Salon

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

Location Intelligence

Trade Area within ½ mile

2,110

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

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 - A two-level layout combines commercial space below with a two-bedroom, two-bathroom residence above.

Where is this mixed-use property located?

The property is located at 4105 W Magnolia Boulevard Burbank, CA.

What is the asking price?

The asking price for this property is $1,599,995.

What are key features of this property?

This property features: 2,830 square feet of building space on a 3,125‑square‑foot lot; Lower‑level commercial area includes a kitchen and two bathrooms; Two‑car garage