Burbank, CA 91501 607 E Olive Avenue
$2,785,000
6 more
Presented By: Maya Gulbekova with Re/Max Tri-City Realty; 818-427-1772
Beds • 1
Baths • 1
SQFT • 3,500
Home Details
FIRST TIME ON THE MARKET!! Located in the highly desirable NW of Burbank, one block below Kenneth. This pride of ownership is well maintained 5-unit plus new ADU complex! 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 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
Days on Market9
DirectionsBetween Kenneth and Glenoaks.
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income10550.0
HOA0.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense400.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet7434.0
Lot Size UnitsSquareFeet
MLS Area610 - Burbank
MobileHomeRemainsYNNo
Net Operating Income120000.0
New ConstructionNo
NumberOfUnitsTotal5
Operating Expense550.0
Pool FeaturesNone
Private PoolNo
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
TermsExchange1031
Trash Expense0.0
UtilitiesElectricityAvailable, NaturalGasAvailable
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
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 FeaturesOnSite
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480