1508-1510 W Verdugo Ave Burbank,, Burbank, CA 9156
$5,000,000
Price
3.21 %
Cap Rate
12,007
Land SF
7,595
Building SF
$160,262
NOI
Major Signalized Corner in the Heart of Burbank
City Center Realty Group is pleased to present 1508 and 1510 Verdugo Ave. This portfolio offers an exceptional combination of storefront retail/office spaces and medical offices. It is perfect for an owner-user with 90% SBA financing in place or for investment purposes.
1508 W. Verdugo is a 3,475 sq. ft. property on a 6,002 sq. ft. lot. It includes three separate professional offices and one residential unit with three bedrooms and one bathroom.
1510 W. Verdugo is a 4,120 sq. ft. property on a 6,005 sq. ft. lot, comprising three medical offices.
The property is located near the Signalized Intersection of Olive Avenue and Verdugo Avenue, adjacent to Starbucks, and has its own private parking lot at the rear of the buildings, plus abundant street parking. The property features pylon signage and is conveniently located near many shops, restaurants, offices, Providence Saint Joseph's Hospital, and Walt Disney Studios. This is a rare opportunity to purchase a turnkey investment property in the heart of Burbank, centrally located between the 5 and 134 major freeways.
HIGHLY DESIRABLE AREA
The property is situated at a prime location, at the major signalized corner in the heart of Burbank.
Burbank is a city in the southeastern end of the San Fernando Valley in Los Angeles County, California, United States. Located 12 miles (19 km) northwest of downtown Los Angeles, Burbank has a population of 107,337. The city was named after David Burbank, who established a sheep ranch there in 1867.
One of the major reasons businesses choose Burbank is because we have no city income tax, no gross sales receipt tax, and a competitive business application fee.
TRANSIT/SUBWAY
Universal City/Studio City 7 min drive 3.9 mi
North Hollywood Station 8 min drive 4.4 mi
Laurel Canyon Station 9 min drive 5.8 mi
Hollywood/Vine Station 10 min drive 6.0 mi
Hollywood/Western Station 12 min drive 6.8 mi
AIRPORT
Hollywood Burbank Airport 10 min drive 5.8 mi
Los Angeles International 38 min drive 18.9 mi
