607 E Olive Ave - Apartments FOR SALE


Burbank, CA 91501
$2,645,000 USD
818-427-1772
607 E Olive Ave, Burbank, CA for Sale
$2,645,000 USD
Apartments - FOR SALE
1/13
null | 4.54% Cap Rate

607 E Olive Ave
Burbank, CA 91501


HIGHLIGHTS

  • Easy access to public transit, freeways, major retailers, parks, coffee shops, entertainment and nightlife in Downtown Burbank.
  • Well maintained property. ADU completed in 2021.
  • All units are currently tenant occupied.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,645,000 USD

PRICE/SF

$661 USD /SF

# OF UNITS

6

PRICE/UNIT

$440,833

CAP RATE

4.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olive Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,434 SF

ZONING

BUR4*

APN/PARCEL ID

2455-023-016

ASK ABOUT THIS PROPERTY

Maya GulbekovaRe/Max Tri-City Real EstateMore Info
818-427-1772

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Maya GulbekovaRe/Max Tri-City Real EstateMore Info
818-427-1772

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.