824 Victory BlvdBurbank, CA 91502

Property Details for 824 Victory Blvd

Year built

1985

Construction

WOOD

Lot size

0.32 AC

Property size (Sq ft)

10,160 SF

Zone code

BUM2*

Property type

Office buildings

APN

2449-030-013

APU

2449030013

Description

This exceptional two-story executive office building, located at 824 N Victory Blvd in Burbank, California, presents a compelling owner-user opportunity. Boasting 10,160 square feet of versatile space, this multi-tenant property sits on a 0.32-acre lot and features 31 parking spaces, a significant advantage in this highly sought-after area. Built in 1985, the building is zoned BUM2 and offers excellent street visibility, enhancing its potential for branding and recognition. The property's prime location provides immediate access to the 5 Freeway and is in close proximity to Downtown Burbank, placing it within easy reach of a vibrant commercial, retail, and residential community. Internal amenities include three kitchens and four restrooms, catering to the needs of multiple tenants or a single owner-occupier. The property's attractive features make it well-suited for SBA financing, presenting a unique investment opportunity for owner-users seeking a strategic location and substantial space. The APN is 2449-030-013. This is a rare chance to acquire a well-established building in a thriving Burbank location. The building's strong identity and convenient access to major transportation routes make it an ideal investment for both short-term and long-term growth.

• CAP approach

  CAP return

  Valuation

  6%

  $3,311,460

  6.5%

  $3,056,732

  7%

  $2,838,394

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,932,026

  Geo Method

  $1,932,026

• Alternative Use

  Use

  Valuation

  Residential

  $3,790,348

  Hospitality

  $3,471,938

  Educational

  $2,888,612

  Medical

  $2,987,956

  Retail

  $4,493,396

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1829

Longitude

-118.321

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].