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635 E Olive Avenue

Burbank, CA 91501
  • $11,999,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: NP21232202
UPDATED: 37 min ago
$11,999,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1987
County:

School Ratings & Info

Listing provided courtesy of Tim Robertson of Compass

Description

The Media Capital of the World presents East Olive Manor, a 16 unit complex of 2 bedroom, 2.5 bathroom townhomes. For the first time ever offered for sale, this gem of an asset can be a crowning jewel for any investor's portfolio. Located in close proximity to Disney, Warner Bros, Nickelodeon and Insomnia Games, it is an executive's dream to be able to be just minutes from work. If you want to get away for the weekend, it is only 4 miles to Burbank Airport. Add to this the high quality public schools and easy access to regional transportation, and you have a winning combination.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-26T18:26:17.017. 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 Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/122939180
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635 E Olive Avenue Burbank, CA 91501

  • Price: $11,999,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 37 min ago
  • ID#: NP21232202
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1987
Built
Neighborhood:
610 - Burbank
County:
Los Angeles
Area:
610 - Burbank
Property Description
The Media Capital of the World presents East Olive Manor, a 16 unit complex of 2 bedroom, 2.5 bathroom townhomes. For the first time ever offered for sale, this gem of an asset can be a crowning jewel for any investor's portfolio. Located in close proximity to Disney, Warner Bros, Nickelodeon and Insomnia Games, it is an executive's dream to be able to be just minutes from work. If you want to get away for the weekend, it is only 4 miles to Burbank Airport. Add to this the high quality public schools and easy access to regional transportation, and you have a winning combination.
Exterior Features

Architectural Style Georgian Construction Materials Stucco Entry Level 1 Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 0 Parking Features GarageGated Parking Total 33 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

Interior Features

Appliances DishwasherGas Range Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring CarpetLaminate Heating Central Heating YN Yes Interior Features All Bedrooms Up

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.25 Common Interest Community Apartment Community Features CurbsUrban Electric Expense 9600 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 494460 Insurance Expense 28000 Land Lease YN No Laundry Features Laundry Closet Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 25000 Net Operating Income 389463 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 15 Operating Expense 104997 Possession Close Of Escrow Property Condition Turnkey Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays None Total Actual Rent 494460 Trash Expense 4800 Utilities Cable AvailableElectricity Connected Vacancy Allowance Rate 3 Water Sewer Expense 3800 Water Source Public Zoning Bur4*



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-26T18:26:17.017. 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 Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing provided courtesy of Tim Robertson of Compass