Mixed-Use Building with
New
For Sale
$1,499,000
915 W Olive W, Burbank, CA 91506
Vacant commercial and residential areas offer flexible owner-user, leasing, or renovation possibilities.
Property Size3,704 SF
Lot Size0.12 Acres
Price / SF$405.14
Days on Market3
Property Features for 915 W Olive W
General Information
Standard status
Active
Size
3,704 SF
Total Parking Spaces
5
Lot size
0.12 Acres
Property subtype
Mixed Use
Property Condition
Severity
Repairs Needed
Evidence
ready for renovation and updating
Additional Details
Road Access
Yes
Building Details
Building Size
3,704 SF
Year Built
1960
Buildings
1
Stories
2
Owner Occupied
No
Listing Agency:
BHHS California Properties
Listed By:
Sonia Navarrete · License #01704254
Source:
Truthrealty
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 4:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS California Properties
Investment Insights
Based on property information with market context.
Located at 915 W Olive W in Burbank, this 3,700 SF mixed-use building combines commercial space with an upstairs residence on a 5,094 SF street-to-alley lot. The ground floor includes approximately 1,550 SF of office and commercial area, multiple work areas, three restrooms, workshop and storage space, and a roll-up loading door. The upper level provides an approximately 1,150 SF two-bedroom unit with a living room, dining area, kitchen, and full bath.
Access is available from W. Olive Avenue and the rear alley. The property includes five striped on-site parking spaces, with potential tandem parking. Both portions are vacant and require renovation or updating. Built in 1960, the property is being sold in its present AS-IS condition, with buyers responsible for independently verifying square footage, zoning, permitted uses, parking, and any potential division of the commercial area.
Access is available from W. Olive Avenue and the rear alley. The property includes five striped on-site parking spaces, with potential tandem parking. Both portions are vacant and require renovation or updating. Built in 1960, the property is being sold in its present AS-IS condition, with buyers responsible for independently verifying square footage, zoning, permitted uses, parking, and any potential division of the commercial area.
Key Highlights
- 3,700 SF mixed‑use building on a 5,094 SF street‑to‑alley lot
- Approximately 1,550 SF of ground‑floor commercial and office space
- Approximately 1,150 SF upstairs two‑bedroom residential unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$79,254
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,585,080
$1.6M
Cap Rate 7%
$1,132,200
$1.1M
Cap Rate 9%
$880,600
$880.6K
Market Conditions
NOI Build-Up for 3,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$124.3K $33.60/SF
− Vacancy
−$18.6K −$5.04/SF
EGI
$105.7K $28.56/SF
− OpEx
−$26.4K −$7.14/SF
NOI
$79.3K $21.42/SF
Area
Burbank, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,585,080
Cap Rate 7%
$1,132,200
Cap Rate 9%
$880,600
Alternative Uses
Best Use
Office B
$1.13M
$990.7K – $1.32M
NOI $79,254 @ 7.0% cap · market cap 5.29%
Second Best
Mixed Use
$892.0K
$780.5K – $1.04M
NOI $62,438 @ 7.0% cap · market cap 4.17%
Theoretical Best
Multifamily LT 5
$74.96M
$65.59M – $87.45M
NOI $5,247,184 @ 7.0% cap · market cap 350.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,462
Businesses Nearby
Explore this area
Business Placement
Demographics for 91506, CA
19,338
Population
8,530
Households
2.3
Avg Household Size
43
Median Age
47%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
8,058
Density / Sq Mi
$107,171
Median Household Income
$60,017
Median Earnings
$1,913
Median Rent
$1,055,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant commercial and residential areas offer flexible owner-user, leasing, or renovation possibilities.
Where is this mixed-use property located?
The property is located at 915 W Olive W Burbank, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 3,700 SF mixed‑use building on a 5,094 SF street‑to‑alley lot; Approximately 1,550 SF of ground‑floor commercial and office space; Approximately 1,150 SF upstairs two‑bedroom residential unit
