3601 Olive AveBurbank, CA 91505

Property Details for 3601 Olive Ave

Year built

1985

Construction

STEEL FRAME

Lot size

0.03 AC

Property size (Sq ft)

155,230 SF

Property type

Office properties

Property subtype

Office buildings

APN

2485-005-055

APU

2485005055

Description

This exceptional retail property, located at 3601 West Olive Avenue in Burbank, California (91505), offers a total of 40,366 square feet of space currently available for lease. The building, constructed in 1985, is zoned C and boasts a convenient location in Los Angeles County (APN: 2485-005-055). Multiple tenancy options are available, with spaces ranging from a minimum of 5,579 square feet to a maximum contiguous space of 22,146 square feet. This presents a unique opportunity for businesses seeking flexible and adaptable layouts to suit their specific needs. The property provides ample parking, with a ratio of 3.0 parking spaces per 1,000 square feet of building area. This prime Burbank location offers excellent visibility and accessibility, making it an ideal choice for a variety of retail or office uses. The property's size and layout provide significant potential for businesses looking to establish a strong presence in the vibrant Burbank market. Interested parties should inquire about lease terms and conditions.

• CAP approach

  CAP return

  Valuation

  6%

  $50,594,284

  6.5%

  $46,702,416

  7%

  $43,366,528

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,518,536

  Geo Method

  $29,518,536

• Alternative Use

  Use

  Valuation

  Residential

  $57,910,996

  Hospitality

  $53,046,160

  Educational

  $44,133,784

  Medical

  $45,651,612

  Retail

  $68,652,552

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1526

Longitude

-118.339

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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