3108 W Magnolia Boulevard, Burbank, CA 91505
Commercial property
Sold August 2024
Listing Agent: Daniel Hirth (DRE #01515796) · Listing Office: KW Advisors · Contact: 310-482-2200 · Bought with: John Stadtler · RE/MAX Accord · MLS #24387305 · Source: CRMLS
About this commercial property
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.
Listing description from the August 2024 sale, as reported to CRMLS.
Sale history