616 Victory Blvd Burbank, CA 91502-2423
Property profile & analytics
616 Victory Blvd Burbank, CA 91502-2423
- Retail space
- 8,020 SF
- 0.34 lot acres
Property ID
US10-0217091
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
- AVENIR-BURBANK / Gym & Fitness Center
Property Details for 616 Victory Blvd
- Year built
- 1965
- Lot size
- 0.34 lot acres
- Property size
- 8,020 SF
- Zone code
- BUC4*
- Property type
- Retail space
- APN
- 2451-027-041
- APU
- 2451027041
Description
This exceptional Burbank retail opportunity, located at 616 S Victory Blvd, 91502, presents 3,150 square feet of vacant space within the newly renovated "The Vic" shopping center. The single-story, 8,020 square foot building, constructed in 1965 and extensively renovated in 2022, offers a unique blend of modern amenities and classic charm. The property boasts a highly desirable BUC4 zoning designation and sits on a 0.32-acre corner lot, benefiting from exceptional visibility and high traffic counts of 20,000 vehicles per day. The space is divisible to a minimum of 2,075 square feet and offers a maximum contiguous space of 3,150 square feet. The center features a total of five suites and ample parking with 20 spaces available. Its strategic location places it minutes from major national retailers and the top-ranked IKEA store in the United States. The updated amenities include newly painted walls, decorative elements, updated lighting, and signage, creating a fresh and inviting atmosphere for prospective tenants. This is an ideal location for businesses seeking high visibility and access to a thriving community in a rapidly growing area of Los Angeles. The property features clean architectural detailing and updated amenities.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,365,000
- ML approach
- $3,345,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,380,000
- 6.5%
- $3,120,000
- 7%
- $2,895,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,292,000
Market price range: $1.55M - $4.29M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,495,000 Current use
- RESTAURANT
- $5,225,000 Change: +49% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $4,880,000 Change: +40% Conversion: Moderate
- WAREHOUSE, STORAGE
- $3,980,000 Change: +14% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,850,000 Change: +10% Conversion: Easy
- MEDICAL BUILDING
- $3,645,000 Change: +4% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Burbank
- County
- Los Angeles
- State
- California
- Longitude
- -118.311
- Latitude
- 34.1694
- 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
$42,761
$2,705,040
$1,092,420
$3,797,460
-
$0.00
$0.00
$0.00
