1501 1509 W Magnolia BLVD Burbank, CA 91506

1501 W. Magnolia Boulevard offers 4,920 SF of space on a 6,251 SF corner lot. The subject property also includes 1,100 SF of unpermitted upstairs office space, five (5) parking spaces with rear access and was built in 1959. Within this building resides three (3) conference rooms, two (2) kitchenettes' + one (1) large break room, four (4) bathrooms, twenty-six (26) cubicles, and fourteen (14) private offices.The neighboring property, 1509 W. Magnolia Boulevard, boasts 2,180 SF of building space on a 5,250 SF lot, with nine (9) parking spaces built in 1951. Roughly 1,090 square feet within this building is subject to a lease set to conclude in February 2025.1501 & 1509 W. Magnolia Boulevard allows an owner/user to capitalize on the demand for office/retail space in the heart of Burbank. This opportunity is ideal for an owner user to take advantage of SBA financing with as little as 10% down while owning prime real estate in a great pocket of Burbank. Additionally, an owner user can choose to occupy 51% of the space and generate additional income aside from the current rent from 1511 W. Magnolia Boulevard. Furthermore, for qualified buyer's seller financing may be available. Due to Burbank's initiative to attract new businesses, there is also no city income tax and no gross sales receipt tax.* Buyer to confirm tax benefits with the city of Burbank and all measurements listed above.