175 Olive AveBurbank, CA 91502

Property Details for 175 Olive Ave

Year built

1972

Construction

CONCRETE

Lot size

0.25 AC

Property size (Sq ft)

46,233 SF

Zone code

BUC1*

Property type

Office properties

Property subtype

Office buildings

APN

2453-010-016

APU

2453010016

Description

This exceptional Burbank office property, located at 175 E Olive Avenue, offers two available spaces ideal for businesses seeking a prestigious address in Los Angeles County. The building boasts a total of 42,400 square feet, providing ample space for a variety of needs. The available suites range in size from 5,043 square feet to 10,620 square feet, offering flexibility for companies of different scales. The property is classified as both Traditional and Creative Office space, catering to a diverse range of business types. Situated in Burbank, California, zip code 91502, this location provides excellent access to major transportation routes and amenities. The building's multiple tenancy structure ensures a vibrant and collaborative environment. This is a fantastic opportunity to secure prime office space in a thriving area of Los Angeles County. The property's traditional and creative office design elements offer a versatile and modern workspace. The expansive square footage allows for customization and efficient layout planning to meet specific business requirements. With its strategic location and flexible space options, this property presents a compelling investment opportunity for businesses seeking a prominent presence in Burbank. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $15,068,773

  6.5%

  $13,909,636

  7%

  $12,916,091

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,791,667

  Geo Method

  $8,791,667

• Alternative Use

  Use

  Valuation

  Residential

  $17,247,948

  Hospitality

  $15,799,028

  Educational

  $13,144,606

  Medical

  $13,596,669

  Retail

  $20,447,166

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1808

Longitude

-118.309

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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