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600 E Olive Ave
Burbank, CA 91501
Price Reduced | 68 Units | 5.7% Cap · Multifamily Property For Sale
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68 Units
Investment Highlights
- Price Reduced by $1,300,000!
- Value-Add Opportunity: $375/unit/month rental upside
- 89 Walk Score: Very walkable
- Spacious apartment homes averaging 1,282 square feet
- Attractive Going-In Cap Rate: 5.7% on in-place rent roll; 6.7% cap rate at market rent with light renovation
- Prime Burbank Location with Close Access to Warner Bros. and The Walt Disney Company Studios
Property Facts
| No. Units | 68 | Lot Size | 1.07 AC |
| Property Type | Multifamily | Building Size | 88,330 SF |
| Property Subtype | Apartment | Average Occupancy | 98% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | B | Year Built | 1973 |
| Zoning | BUR4* | ||
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.07 AC |
| Building Size | 88,330 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built | 1973 |
| Zoning | BUR4* |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Ceiling Fans
- Granite Countertops
- High Speed Internet Access
- Stainless Steel Appliances
- Walk-In Closets
- Carpet
- Patio
Site Amenities
- Business Center
- Clubhouse
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Security System
- Gated
- Recycling
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 321 - 430 |
| 2+1.5 | 2 | - | 1,000 |
| 2+2 | 33 | - | 1,082 - 1,200 |
| 2+2.5 | 1 | - | 2,292 |
| 3+2 | 25 | - | 1,400 - 2,954 |
| 3+3 | 2 | - | 1,731 - 2,700 |
Property Taxes
| Parcel Number | 2455-018-023 | Improvements Assessment | $10,853,098 |
| Land Assessment | $8,792,396 | Total Assessment | $19,645,494 |
Property Taxes
Parcel Number
2455-018-023
Land Assessment
$8,792,396
Improvements Assessment
$10,853,098
Total Assessment
$19,645,494
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