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just CLOSED!

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

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SALE PRICE: $4,000,000



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.


The Hirth Group Represented both Buyer and Seller


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Ethan Donel

Senior Associate

310.300.3179 Direct

License CA: 02059315

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Alex Reyhan

Vice President

310.300.3181 Direct

License CA: 02005428

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Daniel Hirth

Managing Director

310.300.2838 Direct

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
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