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1605 W Burbank Boulevard

Burbank, CA 91506
  • $1,495,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: BB22000884
UPDATED: 64 min ago
$1,495,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1947
County:

School Ratings & Info

Listing Agent(s): Barry Burnett of Barry Burnett Realty, Inc. (818-842-2611)


Description

Prime, Mixed Use, Central Burbank Retail + Residential. 2 small High-Visibility Retail spaces on high traffic Burbank Blvd. + 2 Cottages. Huge potential upside, bite-size price, 3.75 current CAP Rate, and very strong potential return/yield increase. Zero onsite parking but excellent immediate adjacent street parking. Near Costco and Burbanks "5 Points Intersection by 1-5 Freeway. Great for long term hold. Burbank is an extremely sought-after employment hub with over 150,000 jobs and only 44,000 dwellings: huge potential upside for small entertainment/production company use with on-site housing or Airbnb. Extremely vibrant community with no City Gross Sales Tax, free parking citywide, and abundant, excellent eateries within minutes. Surrounded by all the top media producers of the world + excellent public transportation, Burbank Bob Hope Airport, 2 Freeways, and a solid symbiotic growth Master Plan. Occupied: Do Not Disturb Tenants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-22T08:24:46.263. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z REALTY. Licensed in the State of California, USA.
www.zrealtyhomes.com/homes/124436162
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1605 W Burbank Boulevard Burbank, CA 91506

  • Price: $1,495,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 64 min ago
  • ID#: BB22000884
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1947
Built
Neighborhood:
610 - Burbank
County:
Los Angeles
Area:
610 - Burbank
Property Description
Prime, Mixed Use, Central Burbank Retail + Residential. 2 small High-Visibility Retail spaces on high traffic Burbank Blvd. + 2 Cottages. Huge potential upside, bite-size price, 3.75 current CAP Rate, and very strong potential return/yield increase. Zero onsite parking but excellent immediate adjacent street parking. Near Costco and Burbanks "5 Points Intersection by 1-5 Freeway. Great for long term hold. Burbank is an extremely sought-after employment hub with over 150,000 jobs and only 44,000 dwellings: huge potential upside for small entertainment/production company use with on-site housing or Airbnb. Extremely vibrant community with no City Gross Sales Tax, free parking citywide, and abundant, excellent eateries within minutes. Surrounded by all the top media producers of the world + excellent public transportation, Burbank Bob Hope Airport, 2 Freeways, and a solid symbiotic growth Master Plan. Occupied: Do Not Disturb Tenants.
Exterior Features

Lot Features Rectangular Lot

Property Features

Additional Parcels YN No Cap Rate 3.75 Common Interest None Laundry Features None Listing Agreement Exclusive Right To Sell Listing Terms 1031 Exchange Property Sub Type Mixed Use Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-22T08:24:46.263. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z REALTY. Licensed in the State of California, USA.
 
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Z REALTY
17100 Bear Valley Road 313 B
Victorville CA, 92395
Listing Agent(s): Barry Burnett of Barry Burnett Realty, Inc. (818-842-2611)