111 1St StBurbank, CA 91502

Property Details for 111 1St St

Year built

1988

Construction

TILT-UP CONCRETE

Lot size

0.44 AC

Property size (Sq ft)

34,247 SF

Zone code

BUC3*

Property type

Office properties

Property subtype

Office buildings

APN

2453-011-031

APU

2453011031

Description

This three-story, 34,247-square-foot executive office building is situated in the heart of Downtown Burbank at 111 North 1st Street, conveniently located near Olive Avenue. Built in 1988, the property offers multiple suites available, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 2,914 square feet. A total of 4,723 square feet is currently vacant. The building features 102 parking spaces, including 300 reserved spaces offered free of charge to tenants. Additional public parking is readily available nearby. The building is equipped with elevators and offers package unit HVAC systems for convenient and cost-effective after-hours climate control. Its location on a dark fiber loop ensures high-speed internet connectivity. The property's central location provides easy access to Glendale, Hollywood, and the entire San Fernando Valley. Within walking distance, tenants will find a variety of shopping, dining, entertainment options, and the Metrolink station, enhancing convenience and accessibility. The Los Angeles County property, with APN 2453-011-031, presents a compelling opportunity for businesses seeking a prestigious and well-connected office space in Downtown Burbank.

• CAP approach

  CAP return

  Valuation

  6%

  $11,162,162

  6.5%

  $10,303,535

  7%

  $9,567,568

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,512,410

  Geo Method

  $6,512,410

• Alternative Use

  Use

  Valuation

  Residential

  $12,776,383

  Hospitality

  $11,703,098

  Educational

  $9,736,840

  Medical

  $10,071,705

  Retail

  $15,146,196

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1797

Longitude

-118.311

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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