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.
- Price:
- $11,300,000
- Square Footage:
- 19,434
- Acreage:
- 0.34
- Year Built:
- 1987
- Listing ID #:
- NP21232202
- Street Address:
- 635 E Olive Ave
- City:
- Burbank
- State:
- California
- Postal Code:
- 91501
- County:
- Los Angeles
- Community:
- Burbank
- Listing Status:
- Active
- Listing Type:
- Residential Income
- Building Condition:
- Turnkey
- Construction Description:
- Stucco
- Entry Level:
- 1
- Fireplace:
- Living Room
- Fireplace:
- Yes
- Flooring:
- Carpet, Laminate
- Interior Features:
- All Bedrooms Up
- Number Of Floors In Unit:
- Two
- Number Of Units:
- 16
- Stories:
- 2
- Stories:
- 2
- Style:
- Georgian
- Total # Of Buildings:
- 1
- Total Building Square Footage:
- 19434
- Walls:
- 2+ Common Walls
- Year Built:
- 1987
- Year Built Source:
- Assessor
- Annual Electric Expenses:
- 9600
- Annual Insurance Expenses:
- 28000
- Annual Maintenance Expenses:
- 25000
- Annual Trash Expenses:
- 4800
- Annual Water/Sewer Expenses:
- 3800
- Net Operating Income:
- 389463
- Operating Expense:
- 104997
- Approximate Lot Size Range Source:
- Assessor
- Conforms To Zoning:
- Bur4*
- Lot Features:
- 16-20 Units/Acre
- Lot Size:
- 14998
- Lot Square Footage:
- 14998
- Community Features:
- Curbs, Urban
- Days On Market:
- 244
- Lease Rate:
- 494460
- On Market Date:
- 2021-11-01
- Originating Mls:
- Crmls
- Previous Listing Price:
- 11325000
- Terms:
- Cash, Cash To New Loan, 1031 Exchange
- Laundry:
- Laundry Closet
- Room 1 Features:
- Allbedroomsup
- Room 1 Type:
- Bedroom
- Garage Parking Spaces:
- 33
- Has Garage:
- Yes
- Parking Description:
- Garage, Gated
- Parking Spaces:
- 33
- Appliances:
- Dishwasher, Gas Range
- Cooling System:
- Central Air
- Existing Water:
- Public
- Has Central Air Conditioning:
- Yes
- Heating:
- Central
- Sewage Type:
- Public Sewer
- Utilities:
- Cable Available, Electricity Connected
- Unit 1 Monthly Rent:
- 2575
- Unit 1 Total Bathrooms:
- 3
- Unit 1 Total Bedrooms:
- 2
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Agent Tim Robertson with Compass
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