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Property profile & analytics
OFF-MARKET
Estimated value
$2,440,000
Hotels
2011 Olive Ave Burbank, CA 91506-2641
Entity Owned
~
Est. High Equity
Property ID
US09-6511762
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1980
Construction
WOOD
Total area
30,000 SF
Lot
0.69 ac (30,190 SF)
Zoning code
BUC2
APN
2444-008-030
UPID
US09-6511762
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Olives Bistro Restaurant
-
Coast Anabelle Hotel Hotel & Motel
-
ATM Atm
-
Burbank Leads Club Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.44M
Owner & transaction history
Olive 1311 LLC
Olive 1311 LLC
since 2025
7 recorded transactions
Zoning & alternative use
BUC2 · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,135,000
6.5%
$2,895,000
7%
$2,685,000
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$81 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$44,334
Tax year 2024
Assessed value
$3,763,434
Assessed 2024
Previous assessed
$3,763,434
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,281,833
Assessed improvement
$1,481,601
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Units
47
Total area
30,000 SF
Lot
0.69 ac (30,190 SF)
Zoning code
BUC2
APN
2444-008-030
UPID
US09-6511762
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC2 · Burbank, CA
Zoning BUC2 · permitted uses
BUC2 · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burbank. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Units
47
Lot
0.69 ac
Current owner
From public records · entity-resolved
Olive 1311 LLC
Entity
Mailing address
2011 W OLIVE AVE, BURBANK, CA 91506-2641
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2025
$12,500,000
Olive 1311 LLC
Coast Hotel Burbank LLC
Grant Deed
$20,000,000 · Investment Property Exchange Services In
May 22, 2024
—
Coast Hotel Burbank LLC
Wilshire Royale Hotel
Grant Deed
—
Apr 17, 2020
—
Wilshire Royale Hotel
—
Deed
related
$5,000,000 · Bank Of America
Dec 10, 2012
—
Wilshire Royale Hotel
Wilshire Royale Hotel INC
Quit Claim Deed
related
$4,200,000 · Bank Of America
Jan 2, 2004
—
Wilshire Royale Hotel INC
Burbank Hotel LLC
Grant Deed
related
—
Dec 30, 1999
—
Burbank Hotel
Burbank Safari Inn,
Quit Claim Deed
related
$4,250,000 · Burbank Safari Inn LLC
Apr 1, 1996
$3,250,000
Burbank Safari Inn LLC
Vivos Trust
Grant Deed
$3,200,000 · Cerberus Partners LP
—
—
Burbank Hotel LLC
—
Deed Of Trust
related
$4,680,000 · General Bank
—
—
Wilshire Royale Hotel
—
Deed Of Trust
related
$5,000,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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