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555-559 E Olive Ave
Burbank, CA 91501
THE BURBANK PORTFOLIO APARTMENT VILLAS · Multifamily Property For Sale · 42 Units

Investment Highlights

  • RARE OPPORTUNITY FOR A LARGE APARTMENT BUILDING
  • PRIME BURBANK AREA
  • SECURITY CAMERAS AND CONTROLLED ACCESS
  • 100% OCCUPIED WITH 100% PAID RENTS
  • TRUSTEE SALE DIRECTLY FROM THE BUILDER
  • 32 UNITS OUT OF THE 42 BEAUTIFULLY RENOVATED

Property Facts

No. Units 42
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.53 AC
Building Size 36,384 SF
Average Occupancy 100%
No. Stories 3
Year Built 1988
Parking Ratio 2.06/1,000 SF
Zoning BUR4 - Located in the heart of Burbank on East Olive and 6th St., close to Burbank Town Center, great dining, with a Walkscore of 91. (Walker’s Paradise)

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Heating
  • Kitchen
  • Refrigerator
  • Tub/Shower

Site Amenities

  • Controlled Access
  • Fitness Center
  • Laundry Facilities
  • Pool
  • Video Patrol
  • Disposal Chutes
  • Laundry Service
  • Bicycle Storage
  • Elevator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 15 $2,150 -
2+2 27 $2,550 -

Property Taxes

Property Taxes

Parcel Number
2455-022-035
Land Assessment
$6,765,201
Improvements Assessment
$10,147,801
Total Assessment
$16,913,002
  • Listing ID: 19386849

  • Date on Market: 4/30/2020

  • Last Updated:

  • Address: 555-559 E Olive Ave, Burbank, CA 91501

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