1014 Magnolia Blvd Burbank, CA 91506
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BUC3* · Burbank, CABurbank. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.