$4,495,000
Prime investment opportunity located at the signalized corner of Verdugo Avenue and Olive Avenue in the heart of Burbank. This rare commercial portfolio includes two buildings totaling approximately 7,595 square feet on two parcels with a combined land area of approximately 12,007 square feet. 1508 W Verdugo Ave (approx. 3,475 SF) consists of three professional office suites and one residential unit (3 bedrooms, 1 bathroom). 1510 W Verdugo Ave (approx. 4,120 SF) consists of three medical office suites. The property features eight tenant spaces, approximately 7,365 SF net rentable area, private rear parking with nine spaces, pylon signage, and excellent street exposure. Built in 1938 and 1944 and recently renovated in 2022 and 2025, the property offers a strong mix of medical, professional office, and residential income. Strategically located near Providence Saint Joseph Medical Center, Walt Disney Studios, and adjacent to Starbucks, with convenient access to the 5 and 134 freeways. Offered at $4,495,000 with a Pro Forma Cap Rate of approximately 5.56%. Ideal opportunity for an investor or owner-user in one of the most desirable commercial corridors in Burbank. Information deemed reliable but not guaranteed. Buyer to independently verify all information. Drive-by only. Do not disturb tenants or occupants. Contact listing broker for additional information and to schedule a private showing by appointment only.
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Listed by Steve Hovakimyan with City Center Realty Group (818) 845-5551
Property Type
Office
Status
Active
MLS Number
BB26057353
Year Built
1944
Lot Size
6,007 sq ft