2319 W. Magnolia boulevard
burbank, ca 91506

PRICE: $1,475,000

 

Mixed-Use Building​

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Ethan Donel, Alex Reyhan, and Daniel Hirth have been exclusively retained to market for sale the property located at 2319 W. Magnolia Boulevard, Burbank, CA 91506. Originally built in 1959, this building encompasses approximately ±2,111 square feet and sits on a lot of roughly ±2,625 square feet, featuring four (4) tandem parking spaces in the rear. The property is currently partially owner-occupied with the ground floor comprising of commercial space, previously use as showroom/office space. The first floor showcases two (2) ADA-compliant bathrooms, storage areas, and an open floor plan. The second floor was used as a residential unit, which can also be used as additional office space. It includes amenities such as a full bathroom, kitchen, outdoor patio, and a balcony with views of Magnolia Boulevard. 

 

2319 W. Magnolia Boulevard allows an owner/user to capitalize on the demand for mixed-use space in the heart of Burbank. For an owner/user taking advantage of SBA financing with as little as 15% down is the ideal situation while also being able to own prime real estate in a great pocket of Burbank! Due to Burbank’s' initiative to attract new businesses, there is also no city income tax and no gross sales receipt tax. 

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Note: Buyer to confirm tax benefits with the city of Burbank and permitted uses of the building. Buyer to confirm all due diligence and information. 

 

This property is nestled in the heart of the highly desired submarket of Burbank. Known as being the “Media Capital of the World” Burbank is home to many well-established media and entertainment companies such as The Walt Disney Company, Warner Brothers Entertainment/Music Group, Cartoon Network, Nickelodeon, Warner Music Group, NBC Universal, ABC, Arri Cameras, Cinelease, Entertainment Partners, JL Fisher and Matthews Studio equipment just to name a few. Surrounded by the 134 and 5 freeway makes Burbank very accessible to neighboring cities such as Glendale, Toluca Lake, North Hollywood and Hollywood.