$329,000
For Sale

3511 W Magnolia Boulevard

Burbank, CA 91505
0.07 acres | #SR24225628
Listing OfficeFirst Class Real Estate
Browse 7 photos
Type:Purchase
Structure:Commercial
Zone:Residential

Description

Mediterranean Grill & Cafe in a prime location in the heart of Burbank, located near Production Studios and the Entertainment industry. The location is Prime!!! Competitive Rent in contract for next 5 years. There is lots of foot traffic and surrounded by popular businesses in the area. Currently operating with a fully trained staff of 9. There are lots of opportunities for growth, including expanding location and obtaining a beer and wine license, which is currently in the process. Beer & Wine application has been submitted. The cafe has a website with delivery available through online ordering. Cafe is also on various delivery platforms. Catering and private events available; hosted catering for university and various productions and companies. Private events booked for filming, birthdays, lunch meetings, etc. The business has a large social media platform and following. Name is known and advertised on various social media by numerous influencers. Private back parking and public street parking available for customers. The cafe has been completely remodeled this past year and provides an inviting and modern atmosphere. Indoor and outdoor dining, front and large back patio with fans, heaters, water fountain, TV, and cafe lights. Has 1 gender-neutral restroom for employees and customers. Filtered water system built for customers to self-serve. Includes 1 office space and 1 mop room. Back kitchen with 3 commercial freezers, 1 double door commercial fridge, and 1 single door commercial fridge along with a salad top fridge. 3-compartment commercial sink with grease trap. The front host area has 1 register that is paid off. Front prep area has one large salad top fridge, one fridge for meats by the grill, 2 fridges for beverages. Appliances include an American range double deck top broiler, American range stove top oven with flat iron grill, fryer, 2 shawarma vertical broilers, panini toaster.

  • Property Details
      • Acres0.0722
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1941
  • Community and Neighborhood Details
      • CountyLos Angeles
  • Financial Details
      • Original List Price$329,000
  • Other
      • MLS #SR24225628

Location

SparrowLily Realty, Inc.Real Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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