Burbank CA Real Estate & Commercial for Sale

Excellent investment opportunity in a highly desirable Burbank location just south of Glenoaks Blvd. This 8 unit, 6001 sq ft building sits on an 8978 sq ft lot with 2 -two bedroom/1 bathroom units and 6- one bedroom/1 bathroom units. All units have been recently renovated with wood flooring, upgraded bathrooms, and stainless steel appliances. This building offers a compelling opportunity for investors seeking a multifamily asset in one of San Fernando Valley's strongest rental markets. This property is convenient to shopping, dining, entertainment, major studios, etc. Ideally located near the heart of Burbank, where residents enjoy a walkable neighborhood with everyday conveniences just minutes away. This is ideal for an investor looking for stable income with potential for long term appreciation. The annual gross rental income is $202,284, with a robust cap rate at 5.4%and a GRM of 14.09 Price per unit is $356,250, $475 per sq ft.

Serving a thriving business community with more than 1,000 media and entertainment companies that include Walt Disney Studios, Warner Bros., Cartoon Network, Nickelodeon, and Netflix; and an expanding listing of high quality luxury apartments including First Street Village one block away (275 new units), the 2nd phase of a 3 phase plan to attract busy professionals to live in a walkable environment where all of their needs can be found right outside their doorstep. This space is located right in the epicenter of one of the newest and trendiest restaurant corridors featuring Yard House, Finney's Crafthouse, Republik Coffee, Over/Under Public House, Urban Press Winery, Kalaveras Cantina Urbana, Mama Hong's Vietnamese Kitchen, Kabuki Japanese Restaurant, Kopan Ramen, and so many more. All of this can be found at the footsteps of the newly renovated Burbank Town Center Mall with 170 interior stores and the AMC 16 Movie Theatres. The Downtown Burbank has over 5,000 parking spaces within walking distance to the main commercial corridor, so there won't be issues for even the busiest uses! of Come take advantage of Burbank's no city income tax or gross sales receipt tax.

This prime commercial property, built in 1987, is now available for sale for the first time in more than three decades. Ideally situated on the bustling North Victory Blvd in the heart of Burbank, this property offers exceptional visibility and accessibility, making it the perfect location for a wide range of business opportunities. With its proximity to major highways and high-traffic areas, this property is surrounded by popular retail destinations including IKEA, In-N-Out Burger, Target, Costco, The Home Depot, Walmart, AMC Burbank, and more - ensuring consistent foot traffic and exposure. Key Features: Prime Location: Situated in a high-traffic, high-visibility area with easy access to major highways. Fully Leased: Stable, long-term tenants in place, providing reliable income streams. Retail Center: A highly desirable property well-suited for retail, restaurant, or other commercial uses. Significant Upside Potential: Below-market rents with the potential for increased gross income. Generous Parking: Ample parking for customers and tenants. 1031 Exchange: Ideal for 1031 Exchange investors looking for a well- located property with strong potential. Take this opportunity to invest in a premier commercial property in one of Southern California's most sought-after markets. Contact us today for more details!