2319 Magnolia Blvd Burbank, CA 91506-1735
Property profile & analytics
2319 Magnolia Blvd, Burbank, CA 91506-1735
- Office buildings
- 2,111 SF
- 0.06 lot acres
Property ID
US10-0221631
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 2319 Magnolia Blvd
- Year built
- 1959
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.06 lot acres
- Zone code
- BUC3YY
- Property type
- Office buildings
- APN
- 2448-030-021
- APU
- 2448030021
Description
This exceptional mixed-use property, located at 2319 W Magnolia Blvd in Burbank, CA 91506, offers a unique owner-user opportunity. The 2,111 square foot building, constructed in 1959, sits on a 2,625 square foot lot and features two units: a ground-floor commercial storefront and a second-floor residential/office space. The commercial space is vacant and boasts an open floor plan, two ADA-compliant bathrooms, and ample storage. The upper unit includes a full kitchen, bathroom, outdoor patio, and balcony overlooking Magnolia Boulevard. The property also includes a secure rear parking lot with four tandem parking spaces and additional outdoor storage. This prime Burbank location offers excellent visibility on Magnolia Boulevard, with prominent signage opportunities. Its convenient location near Downtown Burbank, Magnolia Park, and the I-5 Freeway provides easy access to major transportation routes. The area boasts a significant population within a five-mile radius and high daily traffic volume on Magnolia Boulevard. This property is zoned BUC3YY. The absence of city income tax and gross receipts tax presents a significant financial advantage. SBA financing is available with as little as 15% down payment. Note: Buyers are responsible for verifying all tax benefits and permitted uses with the City of Burbank and conducting their own due diligence.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $805,000
- 6.5%
- $740,000
- 7%
- $690,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,230,000
Market price range: $769k - $1.33M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,135,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,285,000 Change: +13% Conversion: Difficult
- RETAIL STORES
- $1,155,000 Change: +2% Conversion: Moderate
- WAREHOUSE, STORAGE
- $1,045,000 Change: -8% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,015,000 Change: -11% Conversion: Easy
- MEDICAL BUILDING
- $960,000 Change: -16% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Burbank
- County
- Los Angeles
- State
- California
- Longitude
- -118.334
- Latitude
- 34.1726
- 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
$7,850
$435,847
$254,972
$690,819
-
$0.00
$0.00
$0.00
