1014 W Magnolia Boulevard
Burbank, CA 91506
0.28 acres | #24464895
Description
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.
Property Details
- Lot DescriptionCornerLot, RectangularLot, StreetLevel
- Stories2
Measurements
- Acres0.2819
Construction Details
- Property TypePurchase
Condition
- Year Built1946
Utilities / Energy Details
- Utility FeaturesElectricityAvailable
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$4,000,000
Other
- MLS #24464895
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Dana Coronado (#CLW-X89926)
Listing Office: Compass (#CLW-X8146116)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
