607 E Olive Ave Burbank, CA 91501
Hillside District NeighborhoodEstimated payment $13,646/month
Total Views
15,770
8
Beds
8
Baths
3,500
Sq Ft
$684
Price per Sq Ft
Highlights
- Traditional Architecture
- No HOA
- 1-Story Property
- Ralph Emerson Elementary School Rated A-
- Central Air
About This Home
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.
Listing Agent
Re/Max Tri-City Realty Brokerage Phone: 818-427-1772 License #01347394 Listed on: 12/13/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,464
Year Built
- Built in 1949
Lot Details
- 7,434 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Traditional Architecture
- Property Attached
- Shingle Roof
Interior Spaces
- 3,500 Sq Ft Home
- 1-Story Property
- Laminate Flooring
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Parking
- 9 Open Parking Spaces
- 9 Parking Spaces
- Parking Available
- Paved Parking
Utilities
- Central Air
Listing and Financial Details
- Legal Lot and Block 17 / 24
- Tax Tract Number 310
- Assessor Parcel Number 2455023016
- $774 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 6 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Gardener Expense $80
- Insurance Expense $400
- Water Sewer Expense $120
- Operating Expense $7,240
- Gross Income $157,200
- Net Operating Income $149,960
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,464 | $620,192 | $213,932 | $406,260 |
| 2024 | $7,464 | $608,033 | $209,738 | $398,295 |
| 2023 | $7,392 | $596,112 | $205,626 | $390,486 |
| 2022 | $7,081 | $584,425 | $201,595 | $382,830 |
| 2021 | $7,042 | $572,967 | $197,643 | $375,324 |
| 2019 | $6,779 | $557,475 | $191,782 | $365,693 |
| 2018 | $6,656 | $546,574 | $188,022 | $358,552 |
| 2016 | $6,276 | $523,910 | $180,722 | $343,188 |
| 2015 | $6,158 | $516,041 | $178,008 | $338,033 |
| 2014 | $6,172 | $505,934 | $174,522 | $331,412 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2025 05/14/25 | Price Changed | $2,395,000 | -1.2% | $684 / Sq Ft |
| 03/04/2025 03/04/25 | Price Changed | $2,425,000 | -5.4% | $693 / Sq Ft |
| 01/27/2025 01/27/25 | Price Changed | $2,564,000 | -3.1% | $733 / Sq Ft |
| 12/13/2024 12/13/24 | For Sale | $2,645,000 | -- | $756 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Gift Deed | -- | -- | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Grant Deed | $290,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,000 | New Conventional | |
| Closed | $120,000 | Commercial | |
| Open | $850,000 | Commercial | |
| Closed | $640,000 | Negative Amortization | |
| Closed | $500,000 | Commercial | |
| Previous Owner | $217,500 | Commercial |
Source: Public Records
Similar Homes in Burbank, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD24249160
APN: 2455-023-016
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