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Property profile & analytics
OFF-MARKET
Manufacturing properties

111 Ash Ave Burbank, CA 91502-2008

5,000 SF 0.15 ac lot Built 1959
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US09-7717751
Property summary
AI-generated overview

This 5,000-square-foot industrial building in Burbank, CA, is offered for sale at $2,575,000 ($515/sq ft). The property is vacant and ready for immediate occupancy. Situated on a 0.14-acre lot, it features a single story with 11-14 foot clear ceiling heights and a 50-foot clear span. The M2 zoning allows for diverse uses. Improvements include a 12' x 10' grade-level door, 545 square feet of renovated office space with new paint, baseboards, light fixtures, doors, and electrical components, and two renovated restrooms with updated fixtures. The warehouse boasts upgraded electrical systems with a 400 Amp, 1-phase panel and a 200 Amp, 3-phase panel, providing ample power. The building also includes HVAC throughout, four skylights, and foil insulation. Four parking spaces are available on the fenced lot. This prime location offers easy access to the I-5 Freeway and is near Downtown Burbank's commercial district. The property will be delivered vacant upon closing.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1959
Construction TILT-UP CONCRETE
Total area 5,000 SF
Lot 0.15 ac (6,488 SF)
Zoning code BUM2*
APN 2453-043-011
UPID US09-7717751
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Vruir Shamiryan · 1 yrs held
Vruir Shamiryan
since 2024
Last sale
$2.4M
7 recorded transactions
2024
Price N/A
2024
$2.4M
2020
Price N/A
2019
Price N/A
2018
$1.5M
2008
$1.4M
1973
Price N/A
Zoning & alternative use
BUM2* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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