1014 W Magnolia BLVD, Burbank, CA 91506
1014 W Magnolia BLVD, Burbank, CA 91506
1014 W Magnolia BLVD, Burbank, CA 91506
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$4,000,000
Est. payment /mo
0.28 Acres Lot
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Key Details

Property Type Commercial

Listing Status Active Under Contract

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

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Listed by Dana Coronado Compass #01746702

NEARBY SCHOOL & BUSINESS

John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359

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1014 W Magnolia BLVD

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