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Shopping Strip

2309-2313 W Burbank Blvd

2309 W Burbank Blvd, Burbank, CA 91506

Listing Price: $3,850,000

Cap Rate
1.91%
Gross SF
6,376
Rentable SF
6,376
Price/Gross SF
$603.83
Lot Size
0.29 acres
Year Built
1948

Investment Overview

Marcus and Millichap is proud to present an exceptional investment/owner-user opportunity at 2309-2313 W Burbank Blvd, an impressive mixed-use portfolio located in the vibrant heart of Burbank, CA. Comprising two distinct freestanding commercial buildings with a cumulative footprint of approximately 6,376 SF (2309: 2,266 SF | 2313: 4,110 SF), these properties are situated on two parcels of BUC3 zoned land totaling approximately 0.29 Acres (2309: 0.16 Acres | 2313: 0.13 Acres). Just a block from the bustling intersection of West Burbank Blvd and North Buena Vista Blvd, an intersection that experiences a daily traffic flow of over 41,000 vehicles, the portfolio boasts exceptional visibility, flaunting a commanding frontage of over 98 feet along W Burbank Blvd—a prominent East/West thoroughfare in the San Fernando Valley. Moreover, the properties offer convenient proximity, within 1 mile of the 5-freeway and a mere 1.9 miles from the Hollywood Burbank Airport, catering to its 5.9 million annual passengers.

The properties, which were originally built in 1948 & 1956, comprise of 5 retail/office suites along Burbank Blvd complemented by a 2 bedroom + 1 bath apartment on the second floor. The tenant mix includes Allstate Insurance, JB Financial, Muscles and Knuckles Gym, Cashmere Hair Salon, Residential Tenant and 1 Vacancy that the ownership has intentionally left vacant for the next ownership. A distinctive feature includes ample partially covered parking accessible via the rear alley along with abundant street parking in front.

Ideal for the savvy investor seeking value-add opportunities, these assets present an attractive proposition with flexible lease terms and currently below-market rents. Alternatively, the astute investor may explore the option of divesting the properties individually for premium pricing, given the premium commanded by smaller buildings. Further adding to the flexibility, an Owner User can capitalize on SBA financing by occupying over 51% of the property. The broad-spectrum C-3 zoning accommodates a myriad of retail, office, and media uses, with comprehensive zoning details available in the Burbank Municipal Code. Don’t miss this prime chance to engage with a property that seamlessly combines historical charm with contemporary potential.

Investment Highlights

  • Two Property Mixed-Use Portfolio | Future Potential for a Buyer to Sell Properties Individually with Smaller Buildings Commanding Premium Pricing
  • Great Owner-User or Value Add Investor Opportunity | Flexible Lease Structures | Below Market Rent
  • Multi-Tenant Retail/Residential Property with Highly Desirable/Leasable Suite Sizes
  • Positioned on W Burbank Blvd, a Main East/West Thoroughfare in the San Fernando Valley
  • Over 41,000 VPD @ Nearby Burbank & Buena Vista Intersection

Exclusively Listed By

Financing By

Shopping Strip

2309-2313 W Burbank Blvd

Listing Price: $3,850,000

Cap Rate
1.91%
Gross SF
6,376
Rentable SF
6,376
Price/Gross SF
$603.83
Lot Size
0.29 acres
Year Built
1948

Investment Highlights

  • Two Property Mixed-Use Portfolio | Future Potential for a Buyer to Sell Properties Individually with Smaller Buildings Commanding Premium Pricing
  • Great Owner-User or Value Add Investor Opportunity | Flexible Lease Structures | Below Market Rent
  • Multi-Tenant Retail/Residential Property with Highly Desirable/Leasable Suite Sizes
  • Positioned on W Burbank Blvd, a Main East/West Thoroughfare in the San Fernando Valley
  • Over 41,000 VPD @ Nearby Burbank & Buena Vista Intersection

Investment Overview

Marcus and Millichap is proud to present an exceptional investment/owner-user opportunity at 2309-2313 W Burbank Blvd, an impressive mixed-use portfolio located in the vibrant heart of Burbank, CA. Comprising two distinct freestanding commercial buildings with a cumulative footprint of approximately 6,376 SF (2309: 2,266 SF | 2313: 4,110 SF), these properties are situated on two parcels of BUC3 zoned land totaling approximately 0.29 Acres (2309: 0.16 Acres | 2313: 0.13 Acres). Just a block from the bustling intersection of West Burbank Blvd and North Buena Vista Blvd, an intersection that experiences a daily traffic flow of over 41,000 vehicles, the portfolio boasts exceptional visibility, flaunting a commanding frontage of over 98 feet along W Burbank Blvd—a prominent East/West thoroughfare in the San Fernando Valley. Moreover, the properties offer convenient proximity, within 1 mile of the 5-freeway and a mere 1.9 miles from the Hollywood Burbank Airport, catering to its 5.9 million annual passengers. The properties, which were originally built in 1948 & 1956, comprise of 5 retail/office suites along Burbank Blvd complemented by a 2 bedroom + 1 bath apartment on the second floor. The tenant mix includes Allstate Insurance, JB Financial, Muscles and Knuckles Gym, Cashmere Hair Salon, Residential Tenant and 1 Vacancy that the ownership has intentionally left vacant for the next ownership. A distinctive feature includes ample partially covered parking accessible via the rear alley along with abundant street parking in front. Ideal for the savvy investor seeking value-add opportunities, these assets present an attractive proposition with flexible lease terms and currently below-market rents. Alternatively, the astute investor may explore the option of divesting the properties individually for premium pricing, given the premium commanded by smaller buildings. Further adding to the flexibility, an Owner User can capitalize on SBA financing by occupying over 51% of the property. The broad-spectrum C-3 zoning accommodates a myriad of retail, office, and media uses, with comprehensive zoning details available in the Burbank Municipal Code. Don’t miss this prime chance to engage with a property that seamlessly combines historical charm with contemporary potential.

Exclusively Listed By

Financing By

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