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    Property profile & analytics

    115 1st St Burbank, CA 91502-1856

    • Office buildings
    • 88,993 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US09-6263696
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Harper & Associates / Store

    Property Details for 115 1st St

    Year built
    1990
    Construction
    TILT-UP CONCRETE
    Lot size
    1.10 lot acres
    Property size
    88,993 SF
    Zone code
    BUM2*
    Property type
    Office buildings
    APN
    2453-011-037
    APU
    2453011037

    Description

    This exceptional Class A medical office building, located at 115 N 1st St, Burbank, CA 91502 (cross streets: Orange Grove Ave), presents a unique investment opportunity. The single-tenant, 86,000 square foot building, constructed in 1990, boasts three stories and offers a prime location in Downtown Burbank. Enjoy excellent freeway visibility and proximity to numerous restaurants and shops, all within walking distance. The property features a desirable mix of private offices and open floor plans, perfect for a variety of medical practices. Ample parking is provided with 366 spaces, a generous ratio of 3 spaces per 1,000 square feet, offered free of charge. The parking is gated and subterranean, ensuring security and convenience. Additional parking is available both within the building and in adjacent city lots. The building also includes private patios and outdoor areas, enhancing the overall appeal and functionality of the space. The property's APN is 2453-011-037, and it's situated in Los Angeles County. This is an ideal headquarters opportunity in a thriving submarket. Elevators are available for convenient access to all three floors.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.311
    Latitude
    34.1798
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $257,390
    $4,996,390
    $16,881,048
    $21,877,438
    -
    $0.00
    $0.00
    $0.00

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    Burbank, CA 91502-1856
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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