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3300-3320 N San Fernando BlvdBurbank, CA 91504
Burbank Transit-Adjacent Multifamily Land | Income-Covered Redevelopment
Asset ClassMultifamily, Land, Mixed Use
Land1.5 Acres
Burbank Transit-Adjacent Multifamily Land | Income-Covered Redevelopment
overview of deal

Overview

3300–3320 N. San Fernando Blvd is a 1.50-acre transit-adjacent multifamily redevelopment site in Burbank’s Golden State corridor. The property generates approximately $1.2MM in annual in-place industrial income through 2027, materially offsetting entitlement carry while development plans advance.

 

Located immediately adjacent to the Burbank Airport North Metrolink Station and within the City’s Housing Element Opportunity Sites Overlay, the site benefits from stackable density bonuses, ministerial streamlining, and a RHNA-driven approval environment in one of Southern California’s most supply-constrained submarkets.

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Investment Highlights

  • Income-Covered Land Position – ~$1.2MM annual in-place industrial income through 2027 materially offsets entitlement carry.
  • Transit-Adjacent Redevelopment Site – Immediate adjacency to Burbank Airport North Metrolink Station with direct access to I-5 and SR-134.
  • Stackable Density Upside – AB 2345 (+50%) and AB 1287 (additional stacking) support materially enhanced unit yield.
  • Ministerial Entitlement Pathway – SB 35 / SB 423 streamlining in a RHNA-constrained jurisdiction.
  • 100% Affordable Density Maximization Option – AB 1763 provides pathway for effectively unlimited density for qualifying projects.
  • Highest Resource Area Designation – Enhances competitiveness for LIHTC and affordable capital sources.
3300-3320 N San Fernando BlvdBurbank, CA 91504

Sales Team

Tidwell, Michael Tidwell IIDirector

License #: CA License 02178198

213 955 5122michael.tidwell@cushwake.com
Chris SinfieldVice Chairman

License #: CA License 01107208

310 525 1922Chris.Sinfield@cushwake.com
Patty Kemmerer

License #: CA License 01837720

310 525 1921Patty.Kemmerer@cushwake.com
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