1508 Verdugo AveBurbank, CA 91506

This exceptional Burbank investment opportunity presents two buildings totaling 7,595 square feet on a 12,007 square foot lot. Located at a major signalized intersection in the heart of Burbank, near Olive Avenue and Verdugo Avenue, this property offers a prime location with high visibility and convenient access to major freeways (5 and 134). The buildings, constructed in 1938 and 1944 and renovated in 2022, comprise eight units: three professional offices and one residential unit (three bedrooms, one bath) in one building, and three medical offices in the other. The property features pylon signage, a private rear parking lot, and ample street parking. Its proximity to Starbucks, shops, restaurants, Providence Saint Joseph's Hospital, and Walt Disney Studios adds to its appeal. This turnkey investment property is ideal for an owner-user or investor, offering a strong return on investment in a highly desirable Burbank location. The property includes 3,475 square feet on a 6,002 square foot lot and 4,120 square feet on a 6,005 square foot lot. The asking price is $5,000,000, with a price per square foot of $658.33. The property is classified as Class C and is a multi-tenant building. The legal description includes APN numbers 2445-014-023 and 2445-014-024. The ownership structure is an LLC.