Property profile

1022-1024 Burbank Blvd Burbank, CA 91506

OFF-MARKET
Warehouses
11,965 SF 32150 ac lot Built 1949
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Property summary

AI-generated overview

This exceptional commercial-industrial investment opportunity encompasses a six-building portfolio situated on two parcels totaling 32,150 square feet. Located at 1022-1024 & 1028 W. Burbank Blvd in Burbank, California (zip code 91506), this property boasts 200 feet of high-visibility street frontage on West Burbank Boulevard, directly across from a Costco. The buildings, constructed in 1949, offer a combined 11,965 square feet of warehouse space, with a price per square foot of $581. The property is zoned BCCM/M1 and features a modified lease type with multi-tenancy, currently operating on month-to-month tenancies and/or partially vacant, allowing for immediate owner-user occupancy or flexible leasing strategies. Convenient access is provided by a 20-foot drive-through ingress-egress easement across the rear adjacent property to Isabel Street. The asking price for this unique opportunity is $6,950,000. The property's APN numbers are 2449-011-017 and 2449-011-042. This is a rare chance to acquire a substantial industrial property in a high-demand Burbank location. The two-parcel configuration offers significant potential for redevelopment or expansion. The property's location and size make it an ideal investment for both owner-users and investors seeking a strong return on investment.

Property profile

Verified
Property type Warehouses
Year built 1949
Total area 11,965 SF
Lot 32150 ac (1,400,454,000 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1022-1024 Burbank Blvd Burbank, CA 91506
Burbank metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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