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607 E Olive Avenue

Burbank, CA 91501
  • $2,425,000
  • STATUS: Active
  • ON SITE: 134 Days
  • MLS #: GD24249160
UPDATED: 22 min ago
$2,425,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

Listing Agent(s): Maya Gulbekova of Re/Max Tri-City Realty (818-790-9700)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T09:33:05.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/158751218
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607 E Olive Avenue Burbank, CA 91501

  • Price: $2,425,000
  • Status: Active
  • On Site: 134 Days
  • Updated: 22 min ago
  • MLS #: GD24249160
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1949
Built
Neighborhood:
610 - Burbank
County:
Los Angeles
Area:
610 - Burbank
Property Description
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.
Exterior Features

Architectural Style Traditional Entry Level 1 Entry Location 1 Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 5 Open Parking Spaces 9 Parking Features ConcreteOn Site Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes Roof Shingle

Interior Features

Common Walls 2+ Common Walls Cooling Central AirSee Remarks Cooling YN Yes Flooring Laminate

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Contingency Seller is in 1031 exchange. Buyer to cooperate. Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 157200 Gross Scheduled Income 157200 Insurance Expense 400 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 149960 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Operating Expense 7240 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Tenant Pays Cable TVElectricityGasTrash CollectionWater Trash Expense 0 Utilities Electricity AvailableNatural Gas Available Water Sewer Expense 120 Water Source Public Zoning BUR4*



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T09:33:05.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Maya Gulbekova of Re/Max Tri-City Realty (818-790-9700)