Pending

1014 W Magnolia Boulevard

Burbank CA, 91506

$4,000,000


$483.44 per sqft

Pending

8,274 sqft

Commercial

Built in 1946

Very unique opportunity to purchase 3 contiguous parcels being sold together. Zoned BUC3, the property consists of two structures and one parking lot. The property is on the corner of Magnolia Blvd and Lomita St, between Victory and Buena Vista Street. The larger structure is appx 7,000 SF and is currently used as creative office/warehouse/flex. The corner building is just over 1,500 SF and is used as creative office and warehouse. An owner-user could easily occupy the larger structure and lease out the smaller building, while still qualifying for an owner-user SBA Loan with as little as 10% down payment. There is also flexibility in terms of how the structures are configured, with room to customize the set up to suit many needs. A must see, especially when it's cheaper to own than rent! **Property features 2 ground level roll up doors, conference room, multiple offices and open work space, 2nd floor offices, 3 kitchenettes, and ADA restrooms (Buyer to verify). 1 and 3 phase power is available in the larger building, which features 10' ceilings, ample storage and warehouse space, and more. Central heat and AC in both buildings. There are 13 parking spaces and the property was completely remodeled in 2011.

CL24464895

MLS ID

November 19, 2024

Listed

January 10, 2025

Updated

Map

1014 W Magnolia Boulevard
Burbank CA, 91506

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.28 Acres

Other Property Details

Area Name

Burbank


Garage

No


Parking

Electric Gate


Parking Total

13


View

No


County

Los Angeles


Pool

No


Zoning

BUC3

Listing History

Date

Event

Price

1/10/2025

Pending

Listed by Dana Coronado with Compass
Listing Contact: 310-562-9630 

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