625 Glenwood PlBurbank, CA 91506

Property Details for 625 Glenwood Pl

Year built

1940

Construction

WOOD

Lot size

0.20 AC

Property size (Sq ft)

8,425 SF

Zone code

BUM1*

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

2445-028-027

APU

2445028027

Description

This Burbank, CA property, located in the heart of Audio Alley, presents a unique redevelopment opportunity. The offering encompasses three separate lots (APN: 2445-028-027, 2445-028-007, 2445-028-008) totaling 26,183 square feet of land, with an existing 7,705 square foot warehouse building. Built in 1964, the structure features steel-reinforced red block construction, approximately 15-foot minimum clear height (reaching up to 20 feet in some areas), and four ground-level loading doors. The property is currently vacant, offering flexibility for a variety of uses including creative mixed-use, light industrial, flex space, office, or specialty applications. The substantial remaining yard space allows for ample parking or expansion. Conceptual plans for a recording and rehearsal studio are available. Its prime location provides easy access to freeways and public transportation. The asking price is $4,999,999, translating to $648.93 per square foot. This value-add/redevelopment opportunity is ideal for owner-users seeking a strategic investment in a thriving Burbank location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,405,002

  6.5%

  $3,143,079

  7%

  $2,918,573

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,483,252

  Geo Method

  $2,483,252

• Alternative Use

  Use

  Valuation

  Residential

  $3,143,079

  Hospitality

  $2,879,044

  Educational

  $2,395,330

  Medical

  $2,477,710

  Retail

  $3,726,070

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1658

Longitude

-118.314

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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