2309-2313 W Burbank Blvd

Property Description

Marcus & Millichap’s Agnew | Serling Group proudly presents 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 broadspectrum C-3 zoning accommodates a myriad of retail, office, and media uses, with comprehensive zoning details available in the Burbank Municipal Code, (link below for further details.). Don’t miss this prime chance to engage with a property that seamlessly combines historical charm with contemporary potential.

Zoning Details:
https://www.codepublishing.com/CA/Burbank/#!/Burbank10/Burbank100105.html

Property Highlights

• Two Property Mixed-Use Portfolio | Future Potential to Sell Off Individually with Smaller Buildings Commanding Premium Pricing
• Great Owner-User or Value Add Investor Opportunity | Flexible Lease Structures | Below Market Rent
• Located in the Heart of Burbank | Epicenter of the Entertainment Industry
• 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 @ Burbank & Buena Vista Intersection
• Business Friendly City | No Income Tax or No Gross Sales Receipt Tax
• No Residential Rent Control
• Versatile Underly Zoning | C-3 Permits Wide Array of Retail, Office and Media Uses
• Close Proximity to the Hollywood Burbank Airport - 1.9 Miles Away