Burbank, CA 91505,3108 W Magnolia BLVD
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Burbank, CA 91505,3108 W Magnolia BLVD
Burbank, CA 91505,3108 W Magnolia BLVD
Burbank, CA 91505,3108 W Magnolia BLVD
Burbank, CA 91505,3108 W Magnolia BLVD

$1,660,000

Est. payment /mo

$1,650,000

0.6%
Est.Price: ?

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3108 W Magnolia BLVD Burbank, CA 91505

2,670 Sqft Lot

SOLD DATE : 08/02/2024

Key Details

Sold Price $1,660,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 24387305

Sold Date 08/02/24

HOA Y/N No

Year Built 1948

Lot Size 2,670 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 610 - Burbank

Zoning BUC3YY

Interior

Fireplace No

Others

Tax ID 2480001023

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Daniel Hirth • KW Advisors
Bought with John Stadtler • RE/MAX Accord

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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