22
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$4,000,000
Est. payment /mo
0.28 Acres Lot
Active
1014 W Magnolia BLVD Burbank, CA 91506
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UPDATED:
12/05/2024 02:30 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24464895
HOA Y/N No
Year Built 1946
Lot Size 0.282 Acres
Property 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.
Location
State CA
County Los Angeles
Area 610 - Burbank
Zoning BUC3*
Interior
Heating Central
Fireplace No
Laundry None
Exterior
Community Features Gated
Utilities Available Electricity Available
Roof Type Flat
Total Parking Spaces 13
Building
Lot Description Corner Lot, Rectangular Lot, Street Level
Story 2
Water Public
Others
Tax ID 2446002029
Security Features Carbon Monoxide Detector(s),Security Gate,Gated Community,Smoke Detector(s)
Financing Cash
Special Listing Condition Standard
Listed by Dana Coronado • Compass