1014 Magnolia Blvd Burbank, CA 91506

Property Details for 1014 Magnolia Blvd

Year built

1953

Construction

TILT-UP CONCRETE

Lot size

0.13 lot acres

Property size

6,950 SF

Zone code

BUC3*

Property type

Warehouses

APN

2446-002-031

APU

2446002031

Description

This exceptional Burbank commercial property presents a rare opportunity to acquire three contiguous parcels totaling 0.28 acres, strategically located on the corner of Magnolia Boulevard and Lomita Street, between Victory and Buena Vista Street. The property encompasses two buildings and a parking lot, offering a combined 8,274 square feet of versatile space. The larger structure, approximately 7,000 square feet, is currently configured as a creative office/warehouse/flex space, ideal for a variety of uses. It boasts 10-foot ceilings, ample storage and warehouse space, two ground-level roll-up doors, a conference room, multiple offices, open workspace, a kitchenette, and ADA-compliant restrooms. This building also features 1 and 3-phase power. The smaller building, just over 1,500 square feet, is also used as creative office and warehouse space and includes a kitchenette and ADA-compliant restrooms. Both buildings benefit from central heating and air conditioning. The property includes 13 parking spaces and underwent a complete remodel in 2011. Zoned BUC3, this property offers significant flexibility for owner-users, allowing for customization to suit diverse business needs. The potential for an owner-user to occupy the larger building and lease the smaller one while qualifying for an SBA loan with a 10% down payment makes this an attractive investment. Don't miss this chance to own rather than rent in a highly desirable Burbank location.

Location Insight

City

Burbank

County

Los Angeles

State

California

Longitude

-118.32

Latitude

34.1766

CBSA code

31080

CBSA name

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

Property Tax & Assessments