Detail

Updated on December 20, 2018 at 11:00 pm

  • Land Area: 7,035 sq ft
  • Property Size: 7,634 sq ft
  • Price: $2,950,000
  • Year Built: 1981

Description

• Bankruptcy sale
• Modern 2-story office building: Must see!
• Current Actual $192,000 NOI — 6.5% Cap Rate New 5 year lease plus one 5 year option (with annual increases)
• Ground floor interior gated parking for 14± vehicles with alley entrance
• Front and rear entrances/stairways
• Includes 2 conference rooms, computer room, 15 private offices, storage areas and 3 restrooms
• Skylights throughout the second floor offices
• Located at the northwest corner of Magnolia Blvd and Parish Place between Burbank Blvd and Verdugo Avenue; 6 blocks east of Buena Vista Street
• Subject to Bankruptcy Court Approval and Possible Overbid; Property Sold “As Is”; Addendum to Accompany All Offers. Buyer to Verify all Information.

Property Documents

  • Marketing Package for 1901 W Magnolia Blvd
  • Address: 1901 W Magnolia Blvd
  • City: Burbank
  • State/county: CA
  • Zip/Postal Code: 91506
  • Country: United States

Contact info

Rene Mexia
Rene Mexia
213.747.4155213.446.2286
Jeff Luster
Jeff Luster
213.747.4152213.804.3013

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