Burbank, CA 91501 607 E Olive Avenue
$2,395,000
26 more
Presented By: Maya Gulbekova with Re/Max Tri-City Realty; 818-427-1772
Beds • 8
Baths • 8
SQFT • 3,500
Year Built • 1949
Home Details
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.
Presented By: Maya Gulbekova with Re/Max Tri-City Realty; 818-427-1772
Interior Features for 607 E Olive Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
FlooringLaminate
Heating Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 607 E Olive Avenue
Additional Parcels Y/NNo
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityBurbank
Community FeaturesSidewalks
ContingencySeller is in 1031 exchange. Buyer to cooperate.
CoolingCentralAir, SeeRemarks
CountyLos Angeles
DirectionsBetween Kenneth and Glenoaks.
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income157200.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense400.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsExchange1031
Lot Size Square Feet7434.0
Lot Size UnitsSquareFeet
MLS Area610 - Burbank
MobileHomeRemainsYNNo
Net Operating Income149960.0
New ConstructionNo
Number Of Units Total6
Open Parking Spaces9.0
Operating Expense7240.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsTrust
Standard StatusActive
StatusActive
Stories1
Tax Lot17
Tenant PaysCableTv, Electricity, Gas, TrashCollection, Water
Trash Expense0.0
UtilitiesElectricityAvailable, NaturalGasAvailable
Water Sewer Expense120.0
Year Built1949
Year Built SourceAssessor
ZoningBUR4*
Exterior for 607 E Olive Avenue
Building Area Total3500.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1707
Lot Size Area7434.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters5
Open Parking Y/NNo
Parking FeaturesConcrete, OnSite
Private PoolNo
SpaNo
Total Parking9.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Keegan Cin
Team Lead
Price
$2,395,000
MLS#GD24249160
List Date
12/13/2024
Property Type
Multi-Family
Phone
(310) 963-5595
