810 San Fernando BlvdBurbank, CA 91502

Property Details for 810 San Fernando Blvd

Year built

1975

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

5,998 SF

Zone code

BUC4*

Property type

Parking lots & garages

APN

2453-038-002

APU

2453038002

Description

This exceptional investment opportunity presents a 14,295-square-foot Harbor Freight Tools store in Burbank, California. Located at 810 S San Fernando Blvd, this single-tenant, net-lease property boasts a strong 100% occupancy rate with a remaining lease term of approximately 8.3 years, extending to March 25, 2033. The lease includes four 5-year renewal options with a 10% rent increase every five years. The property sits on a 29,045-square-foot lot and features 32 parking spaces per 1,000 square feet. Built between 1939 and 1975, the building underwent renovations in 2016, including roof replacement. The property benefits from a prime location in a high-traffic retail corridor, across from a major Ikea and Tesla dealership, and near other prominent retailers such as Ralphs, CVS, Starbucks, and the Burbank Town Center mall. The asking price is $9,920,000, representing a price per square foot of $693.95 and a 4.50% cap rate. The current Net Operating Income (NOI) is $446,600. The property is zoned BCC-3 and offers a compelling investment opportunity due to its strong tenant, long-term lease, and desirable location. This is an ideal asset for a 1031 exchange. The property's location within Los Angeles County, CA, 91502, ensures high visibility and accessibility. The building is a single-story structure.

• CAP approach

  CAP return

  Valuation

  6%

  $2,873,754

  6.5%

  $2,652,696

  7%

  $2,463,218

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,874,261

  Geo Method

  $2,874,261

• Alternative Use

  Use

  Valuation

  Residential

  $2,237,648

  Hospitality

  $2,049,674

  Educational

  $1,705,305

  Medical

  $1,763,953

  Retail

  $2,652,696

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1758

Longitude

-118.301

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].