1011 Alameda AveBurbank, CA 91506

Property Details for 1011 Alameda Ave

Year built

1960

Construction

TILT-UP CONCRETE

Lot size

1.91 AC

Property size (Sq ft)

33,237 SF

Zone code

BUM1*

Property type

Retail properties

Property subtype

Community centers

APN

2445-029-020

APU

2445029020

Description

This exceptional Burbank commercial property, located at 1011 W. Alameda Ave, offers a unique investment opportunity. The 33,285 square foot building sits on a 1.92-acre lot and boasts a diverse mix of uses, including medical office, creative office, and flex space, currently occupied by three tenants under a NNN lease structure. Built in 1960 and renovated in 1987, the property features a desirable mix of individual retail/office spaces, retail pad buildings, and approximately 15,000 square feet of high-end post-production space. Key features include high ceilings with minimal columns, exposed red brick block walls, dual fiber optic loops for redundant connectivity, heavy power with conditioned power, excellent freeway and mass transit access, line-of-sight pole signage, and a completed seismic retrofit. The property benefits from a favorable RC zoning designation and no gross receipts tax. The current Net Operating Income (NOI) is $130,000, making this a strong cash-flowing asset. The asking price is $14,750,000. The property's APN is 2445-029-020. This is a rare opportunity to acquire a free-standing building in a highly desirable Burbank location with significant upside potential. The 19-foot ceiling height provides ample space and flexibility for various tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $15,924,469

  6.5%

  $14,699,510

  7%

  $13,649,545

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,927,277

  Geo Method

  $15,927,277

• Alternative Use

  Use

  Valuation

  Residential

  $12,399,586

  Hospitality

  $11,357,954

  Educational

  $9,449,685

  Medical

  $9,774,674

  Retail

  $14,699,510

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1638

Longitude

-118.314

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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