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Mixed Use | Burbank's Magnolia Park District 2114 W Magnolia Blvd 1,591 SF 75% Leased Retail Building Burbank, CA 91506 $1,814,696 CAD ($1,140.60 CAD/SF)
INVESTMENT HIGHLIGHTS
- Multi-Tenant Income Potential
- Near 134 & 1-5 Freeways
- Near by landmarks - Warner Bros, Disney & Universal Studios
- Burbank’s Magnolia Park District
- Retail & Residential Mix
- Pedestrian Friendly Corridor
EXECUTIVE SUMMARY
Located in the heart of Burbank’s Magnolia Park district, 2114 Magnolia Blvd presented by MIG Commercial Real Estate Services is an exceptional opportunity to acquire a well-maintained mixed-use property with strong street presence and flexible income potential. The property consists of two ground-floor commercial units (Units A & B) and two residential spaces (Unites D & C), including a one-bedroom, one-bath apartment and a studio above.
** Of the two retail units, Unit A is owner-occupied and can be delivered vacant at the close of escrow. Unit B is tenant-occupied on a month-to-month basis by a hair salon currently paying $975 per month plus utilities. Both commercial units are separately metered for utilities. As for the residential portion of the property, Unit C (a one-bedroom, one-bath unit) is currently vacant, while Unit D (a studio unit) is occupied on a month-to-month basis, paying [insert rent amount] per month. **
The ground-floor retail units offer excellent visibility along Magnolia Boulevard, a destination known for its eclectic mix of boutiques, cafés, and creative businesses. These spaces are ideal for a range of uses, such as specialty retail, a neighborhood café, salon, wellness studio, or professional office. The second-floor apartments add a valuable residential component, suitable for long-term rental income or potential live/work arrangements, appealing to the area’s growing community of creative professionals.
Positioned within close proximity to major Burbank attractions such as Warner Bros. Studios, Disney, and Universal Studios, the property benefits from steady pedestrian and vehicle traffic, as well as strong local demand for retail and housing. Nearby landmarks including the Chandler Bikeway and Portos Bakery contribute to the vibrant character of the surrounding area. Easy access to the 134 and I-5 freeways further enhances connectivity to the greater Los Angeles region.
No guarantee, warranty or representation of any kind is made regarding the accuracy of descriptions or measurements. Buyer & Buyer's Agent to do their own due diligence and independently verify square footage, property condition, measurements, zoning, building configuration & components.
** Of the two retail units, Unit A is owner-occupied and can be delivered vacant at the close of escrow. Unit B is tenant-occupied on a month-to-month basis by a hair salon currently paying $975 per month plus utilities. Both commercial units are separately metered for utilities. As for the residential portion of the property, Unit C (a one-bedroom, one-bath unit) is currently vacant, while Unit D (a studio unit) is occupied on a month-to-month basis, paying [insert rent amount] per month. **
The ground-floor retail units offer excellent visibility along Magnolia Boulevard, a destination known for its eclectic mix of boutiques, cafés, and creative businesses. These spaces are ideal for a range of uses, such as specialty retail, a neighborhood café, salon, wellness studio, or professional office. The second-floor apartments add a valuable residential component, suitable for long-term rental income or potential live/work arrangements, appealing to the area’s growing community of creative professionals.
Positioned within close proximity to major Burbank attractions such as Warner Bros. Studios, Disney, and Universal Studios, the property benefits from steady pedestrian and vehicle traffic, as well as strong local demand for retail and housing. Nearby landmarks including the Chandler Bikeway and Portos Bakery contribute to the vibrant character of the surrounding area. Easy access to the 134 and I-5 freeways further enhances connectivity to the greater Los Angeles region.
No guarantee, warranty or representation of any kind is made regarding the accuracy of descriptions or measurements. Buyer & Buyer's Agent to do their own due diligence and independently verify square footage, property condition, measurements, zoning, building configuration & components.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,591 SF
Building Class
C
Year Built
1955
Price
$1,814,696 CAD
Price Per SF
$1,140.60 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
0.64
Lot Size
0.06 AC
Zoning
BUC3YY - BU-C3
Parking
2 Spaces (1.26 Spaces per 1,000 SF Leased)
Frontage
25’ on Magnolia Blvd
AMENITIES
- 24 Hour Access
- Air Conditioning
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2447-007-004 | Improvements Assessment | $224,106 CAD |
| Land Assessment | $204,980 CAD | Total Assessment | $429,086 CAD |
PROPERTY TAXES
Parcel Number
2447-007-004
Land Assessment
$204,980 CAD
Improvements Assessment
$224,106 CAD
Total Assessment
$429,086 CAD
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Mixed Use | Burbank's Magnolia Park District | 2114 W Magnolia Blvd
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