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$ 4,495,000
Est. payment | /mo
6,006 Sqft Lot
$ 4,495,000
Est. payment | /mo
6,006 Sqft Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26057353
HOA Y/N No
Year Built 1944
Lot Size 6,006 Sqft
Property Sub-Type Office
Property Description
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.
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.
Location
State CA
County Los Angeles
Area 610 - Burbank
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Utilities Available Sewer Connected
Present Use Commercial,Investment
Building
Lot Description Level
Story 1
Water Public
Others
Tax ID 2445014023
Special Listing Condition Standard
Lease Land No
Listed by Steve Hovakimyan City Center Realty Group #01363908
NEARBY SCHOOL & BUSINESS
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA
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