3108 West Magnolia Boulevard Burbank, CA ^$ 1,650,000

3108 West Magnolia Boulevard

^$ 1,650,000

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3108 West Magnolia Boulevard

Burbank, CA, 91505

^$ 1,650,000

Studio Baths0.0

Monthly Estimate*

^$ 10,966

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Studio

Commercial Property for sale in Burbank, CA

for $1,650,000. This building was built in 1948.

Built in 1948, this property is approximately 1,925 square feet of building sitting on roughly 2,672 square foot of land, featuring rear parking. Currently the property is occupied by, Splatter Haus, which is under a month-to-month agreement. Additionally, the property showcases two (2) electrical meters, two (2) HVAC units, and two (2) bathrooms, which offers the opportunity of subdividing the building.3108 W Magnolia Boulevard allows an owner-user to capitalize on the demand for retail/office space in the heart of the Magnolia Park District of Burbank! For an owner/user taking advantage of SBA financing with as little as 15% down is the ideal situation. Additionally, there is potential for an owner user to occupy 51% of the building and lease the remaining space for passive income. With 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. Buyer to perform own due diligence and verify all information.

Commercial Active

Price

^$ 1,650,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Year Built

1948

Town/City

Burbank

County/Region

Los Angeles

MLS | Web ID

0024387305

Features

General

Zoning BUC3YY

Year Built 1948

County Los Angeles

Property Type F

Status Active

City Burbank

MLS Area 610 - Burbank

Lot Size Square Feet 0.0

Street Name Magnolia

Standard Status Active

Exterior

Lot Size Area 2672.0

Lot Size Acres 0.0

Land Lease Type Fee

Interior

Street Suffix Boulevard

Total Baths 0

* Excluded Features

List By

Daniel Hirth

Listing Agent

Kw Advisors

Broker

Affordability Calculator

$10,966

Per Month

Monthly Principal & Interest: $10,966
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% 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 ^$2,829,949

Percent of Sale Price 72%

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/2/2024	$1,650,000		Listed Price

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3108 West Magnolia Boulevard, Burbank, CA, 91505 is a Commercial Property for sale at $1,650,000. 3108 West Magnolia Boulevard is a studio with 0.0 baths and was built in 1948. The property's zip code is 91505 which is in Burbank, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/2/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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3108 West Magnolia Boulevard

Commercial Property for sale in Burbank, CA

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