1508 W Verdugo Ave - Medical FOR SALE


Burbank, CA 91506- Rancho Adjacent
$4,495,000 USD
818-845-5551
1508 W Verdugo Ave, Burbank, CA for Sale
$4,495,000 USD
Medical - FOR SALE
1/16
null | 5.56% Cap Rate

1508 W Verdugo Ave
Burbank, CA 91506
Rancho Adjacent


HIGHLIGHTS

  • Major signalized corner location with excellent visibility
  • Prime commercial corridor in Burbank
  • Mixed-use income (professional office, medical office, residential)
  • 8 tenant spaces providing diversified revenue
  • Private parking lot with 9 parking spaces plus street parking
  • Pylon signage and strong frontage exposure

OVERVIEW

City Center Realty Group presents a rare opportunity to acquire a mixed-use office and medical portfolio located at a major signalized corner in the heart of Burbank. The offering consists of two buildings totaling approximately 7,595 square feet situated on a combined 12,007 square foot lot. The property includes a diverse tenant mix of professional offices, medical suites, and a residential unit, providing multiple income streams. The buildings benefit from strong street exposure, pylon signage, and a private rear parking lot. Located near the intersection of Verdugo Avenue and Olive Avenue, the property is adjacent to Starbucks and close to Providence Saint Joseph Medical Center and Walt Disney Studios, making it an attractive location for medical and professional tenants. This portfolio presents an excellent opportunity for an investor seeking stable income in a highly desirable commercial corridor or for an owner-user seeking partial occupancy.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$1,322 USD /SF

CAP RATE

5.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1508–1510 W Verdugo Ave, Burbank, CA 91506

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

C2, Burbank

APN/PARCEL ID

2445-014-023,2445-014-024

ASK ABOUT THIS PROPERTY

Steve HovakimyanCity Center Realty GroupMore Info
818-845-5551

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Steve HovakimyanCity Center Realty GroupMore Info
818-845-5551

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.