top of page

just CLOSED!

1501 & 1509 W. magnolia boulevard, burbank, ca 91506

1501 & 1509 W Magnolia Blvd-1.jpg

​

SALE PRICE: $4,000,000

 

MIXED-USE RETAIL & OFFICE BUILDING​

​

The Hirth Group is pleased to announce another successful closing of 1501 & 1509 W Magnolia Boulevard, Burbank, CA 91506! The subject property is a mixed use building comprising of both retail and office space. The building stands at 7,100 SF on a 11,500 SF corner lot with fourteen (14) parking spaces. At the time of close, 85% of the building was either month to month or vacant, while the retail storefront was leased. 

​

Ethan Donel, Alex Reyhan, and Daniel Hirth represented both the seller and buyer in this transaction. Despite market concerns and a significant portion of the building being vacant office space, our team executed a strategic marketing campaign that attracted a buyer ready to move forward without any contingencies. This resulted in a swift 14-day close with $250,000 passed through nonrefundable to the Seller at the open of escrow.

​

Notably, the property had previously been listed for sale two years prior, with a different firm in a market with favorable interest rates. Additionally, a short term seller-carry was arranged to aid the Buyer during renovations and repairs. The property was sold at an impressive $563 per square foot totaling $4,000,000.

​
More

The Hirth Group Represented both Buyer and Seller

contact

KW189101_10-removebg (5).png
Ethan Donel

Senior Associate

310.300.3179 Direct

Ethan@HirthGroup.com

License CA: 02059315

KW189104_11-removebg (5).png
Alex Reyhan

Vice President

310.300.3181 Direct

Alex@HirthGroup.com

License CA: 02005428

KW189103_92-removebg (5).png
Daniel Hirth

Managing Director

310.300.2838 Direct

Daniel@HirthGroup.com

License CA: 01515796

The sale

Mixed-Use Retail and Office Building
85% of Vacant or MTM Office Space
Non-Contingent Day 1 | 14-Day Close
$250,000 Passed Through to Seller
Generated Multiple Offers | Negotiated a Short-Term Seller Carry
±7,100 SF of Building on a
±11,500 SF Lot
bottom of page