1016 W Magnolia Boulevard Burbank, CA ^$ 4,800,000

1016 W Magnolia Boulevard

^$ 4,800,000

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1016 W Magnolia Boulevard

Burbank, CA, 91506

^$ 4,800,000

Studio Baths0.0 Sq 8,474

Monthly Estimate*

^$ 33,529

Listed by Wall Street Properties

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1016 W Magnolia Boulevard, Burbank, CA 91506 - Image 9

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Studio

Commercial Property for sale in Burbank, CA

for $4,800,000. This 8,474 square foot building was built in 1953 on a lot size of 0.26.

MEDIA AREA OF BURBANK. Great location. Corner property, with street and alley access. Two Buildings totaling 8474 sq. ft. Main Building is 6950 SF including loft offices. 3 Bathrooms, 2 Kitchens, Rollup door, Reception area, Conference Room, Private Offices, Warehouse Space. Second building: 1524 sq. ft. with Kitchen and Bathroom. On 11,324 sq. ft. Lot. Gated Onsite Parking for 13 cars, plus street parking. Security System. Due to Burbank's initiative to attract new businesses, there is also no city income tax and no gross sales receipt tax.* Buyer to confirm tax benefits with the city of Burbank and all information listed above. Buildings were completely renovated in 2011. Close to Shopping, Entertainment, Airport, Transportation, Studios, Downtown Los Angeles and 5 Freeway.

Commercial Active

Price

^$ 4,800,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.26

Year Built

1953

Town/City

Burbank

County/Region

Los Angeles

MLS | Web ID

24380529

Days on Market

Features

General

Heating Central

Roof Flat

Zoning BUC3*

HOA 0.0

Security Features FireDetectionSystem FireSprinklerSystem SecurityGate GatedCommunity KeyCardEntry SmokeDetectors

Construction Materials Brick Stucco

Year Built 1953

Community Features Gated

County Los Angeles

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Possible Use Industrial

Garage Y/N N

Building Features RecreationRoom

Special Listing Conditions Standard

Status Active

Buyer Financing Cash

Directions Great corner property.

City Burbank

View Y/N N

Senior Community Y/N N

Open Parking Spaces 13.0

MLS Area 610 - Burbank

Lot Size Square Feet 11324.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Magnolia

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 12

Standard Status Active

Exterior

Lot Features CornerLot

Water Source Public

Total Parking 13.0

Lot Size Area 11324.0

Number of Buildings 2

Spa N

Building Area Total 8474.0

Lot Size Acres 0.26

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Boulevard

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 1016

* Excluded Features

List By

Wall Street Properties

Broker

(818) 489-8008

Phone

Affordability Calculator

$33,529

Per Month

Monthly Principal & Interest: $33,529
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Burbank, CA

Average List Price ^$2,663,223

Percent of Sale Price 45%

About Burbank, CA

4,839 Population

2% Since 2002

^$64,570 Median Income

36.57 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/26/2024	$4,800,000		Listed Price

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1016 W Magnolia Boulevard, Burbank, CA, 91506 is a Commercial Property for sale at $4,800,000 with 8,474 sqft and a lot size of 0.26. 1016 W Magnolia Boulevard is a studio with 0.0 baths and was built in 1953. The property's zip code is 91506 which is in Burbank, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/9/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1016 W Magnolia Boulevard

Commercial Property for sale in Burbank, CA

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