348 Olive AveBurbank, CA 91502

Property Details for 348 Olive Ave

Year built

1927

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

10,252 SF

Zone code

BUC2*

Property type

Office properties

Property subtype

Office buildings

APN

2453-014-014

APU

2453014014

Description

This exceptional 450-square-foot executive office suite is perfectly situated on Olive Avenue in Los Angeles County. The space is immediately available for lease as a single-tenant occupancy, offering a complete and private workspace. Ideal for a small business, professional services firm, or entrepreneur seeking a prestigious address, this property boasts a highly efficient layout, maximizing usable space. The suite is entirely vacant, allowing for complete customization to suit your specific needs and branding. The building's location provides easy access to major transportation arteries, ensuring convenient commutes for employees and clients alike. This is a rare opportunity to secure a well-appointed, move-in ready office in a highly desirable area of Los Angeles. The property is classified as an Executive Office, reflecting its high-quality finishes and sophisticated ambiance. The single-tenant occupancy ensures privacy and control over the entire space. Don't miss this chance to establish your business in a prime location with a highly functional and attractive office suite. Inquire today to schedule a viewing and secure this exceptional opportunity. The total building square footage is 450 square feet, all of which is currently vacant and ready for immediate occupancy. This presents a unique chance to lease a complete, self-contained office space without the need for extensive renovations or build-outs.

• CAP approach

  CAP return

  Valuation

  6%

  $3,341,446

  6.5%

  $3,084,411

  7%

  $2,864,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,949,520

  Geo Method

  $1,949,520

• Alternative Use

  Use

  Valuation

  Residential

  $3,824,670

  Hospitality

  $3,503,377

  Educational

  $2,914,769

  Medical

  $3,015,012

  Retail

  $4,534,084

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1824

Longitude

-118.306

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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