601 Glenoaks BlvdBurbank, CA 91502

Property Details for 601 Glenoaks Blvd

Year built

1986

Construction

STEEL FRAME

Lot size

1.17 AC

Property size (Sq ft)

74,457 SF

Zone code

BUC3*

Property type

Office properties

Property subtype

Office buildings

APN

2453-030-023

APU

2453030023

Description

This exceptional executive office building, located in the heart of Downtown Burbank at 601 S Glenoaks Boulevard, offers a prime location with unparalleled convenience. The property boasts a total of 51,255 square feet, with multiple tenancy options available. Currently, there are 25,873 square feet of vacant space, divisible into units ranging from a minimum of 1,682 square feet to a maximum contiguous space of 9,388 square feet. Six individual suites are currently available for lease. The building has undergone recent renovations, enhancing the common areas and creating a modern, professional atmosphere. Tenants enjoy the benefit of suites with direct access to private balconies, providing a pleasant and productive work environment. The strategic location offers easy access to the 5 and 134 freeways, ensuring seamless commutes for employees and clients. Furthermore, the property's proximity to a wealth of dining and retail options within walking distance adds to its appeal. A significant advantage for businesses is the absence of gross sales receipt tax within the City of Burbank. This presents a compelling opportunity for businesses seeking a high-quality, well-located, and cost-effective office space in a thriving Los Angeles County market. The building's modern amenities and convenient location make it an ideal choice for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $24,267,852

  6.5%

  $22,401,094

  7%

  $20,801,016

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,158,743

  Geo Method

  $14,158,743

• Alternative Use

  Use

  Valuation

  Residential

  $27,777,356

  Hospitality

  $25,443,910

  Educational

  $21,169,034

  Medical

  $21,897,070

  Retail

  $32,929,608

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1789

Longitude

-118.301

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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