607 E Olive Ave | Burbank, CA 91501
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
607 E Olive Ave
Burbank, CA 91501
Olive Units · Multifamily Property For Sale · 6 Units
Investment Highlights
- Easy access to public transit, freeways, major retailers, parks, coffee shops, entertainment and nightlife in Downtown Burbank.
- All units are currently tenant occupied.
- Well maintained property. ADU completed in 2021.
Executive Summary
FIRST TIME ON THE MARKET!! Located in the highly desirable NW of Burbank, one block below Kenneth. This pride of ownership property is well maintained 5-units plus 1 new ADU! Three of the five units are one bedroom and one bathroom with on site parking accessed from the alleyway. Duplex features 2 bedrooms 2 baths each unit. ADU has been completed in 2021, has a separate address and features 1BD 1BH. This great investment property is centrally located with easy access to public transit and minutes away to DreamWorks, Warner Bros. Studios, Disney Imagineering, St. Joseph's Hospital, LA Equestrian Center, Griffith Park, Ikea, and much more. Additional conveniences are other local and major retailers, parks, coffee shops, entertainment and nightlife in Downtown Burbank. With easy access to the 5/134/101 freeways. All units are currently tenant occupied.
PROPERTY FACTS
| Price Per Unit | $440,833 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.54% | Lot Size | 0.17 AC |
| Sale Conditions | 1031 Exchange | Building Size | 3,500 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1949/1989 |
| Price Per Unit | $440,833 |
| Sale Type | Investment |
| Cap Rate | 4.54% |
| Sale Conditions | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,500 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1949/1989 |
Site Amenities
- Courtyard
- Property Manager on Site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,450 | 400 - 500 |
| 2+2 | 2 | $2,425 | 900 |
| Studios | 1 | $1,550 | 500 |
zoning
| Zoning Code | BUR4* (Appropriate for multi family residential units. Locate near medium-high density and/or near commercial/office professional uses or arterial streets.) |
| BUR4* (Appropriate for multi family residential units. Locate near medium-high density and/or near commercial/office professional uses or arterial streets.) |
Learn More About Investing in Apartment Buildings
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
