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607 E Olive Ave
Burbank, CA 91501 Burbank

$2,645,000 USD

Apartments For Sale • 4,000 SF

Property Details

Property Type Apartments
Total Building Size 3,500 SF
Lot Size 0.17 AC
Building Class C
Year Built 1949
Cap Rate 4.54 %
Zoning BUR4*

49 Transit Score

83 Walk Score

                
                    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.

Financial Summary (Actual)

Net Operating Income: $122,400 USD (2023)

Cap Rate:	4.54 %
Total Expenses:	$6,600 USD

Amenities

Courtyard
Property Manager on Site
Public Transportation

Public Transportation

Commuter Rail	Drive	Walk	Distance
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	2 min	15 min	0.8 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	6 min	-	3.4 mi
Airport	Drive	Walk	Distance
Bob Hope	10 min	-	6.2 mi
Los Angeles International	40 min	-	20.4 mi
Long Beach (Daugherty Field)	45 min	-	32.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Maya Gulbekova 818-427-1772 Re/Max Tri-City Real Estate

607 E Olive Ave Burbank, CA 91501 Burbank