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    3821 W Magnolia Boulevard

    Burbank, CA 91505
    • $2,000,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: BB20111867
    UPDATED: 37 min ago
    $2,000,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,262
      SQFT
    • $613
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1977
    County:

    School Ratings & Info

    Description

    Mixed use property located in the heart of Magnolia Park, ideal for an investor or restauranteur. The restaurant was just remodeled and is immediately available for someone who wishes to operate the business. In addition to the 2600 +/- square feet restaurant, there is an adjacent office space of 1000 +/- square feet that is currently occupied. Business owner is offering his Liquor License (CUP in place) and making his restaurant furnishings and equipment available for sale separately. Call listing agent for the list of personal property/inventory that is also for sale. The sale of the real property is not contingent upon the sale of the business; other C3 uses are acceptable. However, newly remodeled restaurant presents an excellent opportunity as restaurants begin to reopen their doors. Parking lot located directly behind the building. For potential investor, pro forma income projected at $120,000 on NNN leases. Owner is open to seller financing which would assist owner-user or investor during phased in period of business reopening.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-14T19:31:09.943. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/106874197
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    3821 W Magnolia Boulevard Burbank, CA 91505

    • Price: $2,000,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: BB20111867
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,262
    SQFT
    $613
    $/SQFT
    1977
    Built
    Neighborhood:
    610 - Burbank
    County:
    Los Angeles
    Area:
    610 - Burbank
    Property Description
    Mixed use property located in the heart of Magnolia Park, ideal for an investor or restauranteur. The restaurant was just remodeled and is immediately available for someone who wishes to operate the business. In addition to the 2600 +/- square feet restaurant, there is an adjacent office space of 1000 +/- square feet that is currently occupied. Business owner is offering his Liquor License (CUP in place) and making his restaurant furnishings and equipment available for sale separately. Call listing agent for the list of personal property/inventory that is also for sale. The sale of the real property is not contingent upon the sale of the business; other C3 uses are acceptable. However, newly remodeled restaurant presents an excellent opportunity as restaurants begin to reopen their doors. Parking lot located directly behind the building. For potential investor, pro forma income projected at $120,000 on NNN leases. Owner is open to seller financing which would assist owner-user or investor during phased in period of business reopening.
    Exterior Features

    Construction Materials Block Fence YN Yes Fencing Block Lot Features 0-1 Unit/AcreCorner LotLevel With StreetRectangular LotNear Public TransitWalkstreet Lot Size Source Assessor Lot Size Units Square Feet Parking Ratio 3.00 Parking Total 10.00 Roof Composition

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features None Office Square Footage 1002

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Business Type Restaurant Country Us Current Use Comments Mixed Use: Restaurant And Office Electric 220 Volts in Kitchen Land Lease YN No Land Use OfficeOtherRetail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 1 Property Sub Type Business Retail Square Footage 2260 Security Features Card/Code AccessSecurity System Special Listing Conditions Standard Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Source Public Year Built Source Assessor Zoning Buc3yy

    Listing provided courtesy of Thomas Masterani of Dilbeck Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-14T19:31:09.943. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

     
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