120 Victory BlvdBurbank, CA 91502

Property Details for 120 Victory Blvd

Year built

1986

Construction

WOOD

Lot size

0.25 AC

Property size (Sq ft)

26,225 SF

Zone code

BUC4*

Property type

Office properties

Property subtype

Office buildings

APN

2451-014-030

APU

2451014030

Description

This three-story, 26,225 square foot office building at 120 N Victory Blvd offers a variety of flexible spaces, ideal for businesses seeking a modern and efficient workspace. The building, originally constructed in 1986 and recently renovated, features 24 separately metered suites ranging from 1,006 to 8,943 contiguous square feet, with a total of 10,161 square feet currently vacant. The property boasts an attractive atrium common area providing ample natural light, along with shared amenities including conference rooms, gender-neutral restrooms, and kitchen facilities. Each suite is equipped with a newly installed HVAC system featuring Merv 13 filters. The building includes elevator access and is situated on a 0.25-acre lot (APN 2451-014-030), offering excellent visibility and frontage at the corner of Victory Blvd and W Olive Ave. The C4 zoning allows for diverse commercial uses. The building's location in a media-centric area provides convenient access to various businesses and services. Ground-level parking is available. This property is perfect for a variety of office and post-production uses.

• CAP approach

  CAP return

  Valuation

  6%

  $8,547,543

  6.5%

  $7,890,040

  7%

  $7,326,466

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,986,946

  Geo Method

  $4,986,946

• Alternative Use

  Use

  Valuation

  Residential

  $9,783,649

  Hospitality

  $8,961,770

  Educational

  $7,456,088

  Medical

  $7,712,514

  Retail

  $11,598,358

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1744

Longitude

-118.317

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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