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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Office buildings
2321 Olive Ave Burbank, CA 91506-2663
Trust Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6944879
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Total area
5,838 SF
Lot
0.15 ac (6,653 SF)
Zoning code
BUC2YY
APN
2444-004-001
UPID
US09-6944879
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
-
Flicks Factory Inc Film Production Television Studio
-
Mark C. Campbell, R Pharmacy
-
Executive Temps Employment Agency
-
Paola Barillas-Pabello: Allstate Insurance Insurance Agency
-
AIGA Model Design Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Howard Family Survivors Trust · 19 yrs held
Howard Family Survivors Trust
since 2007
4 recorded transactions
Zoning & alternative use
BUC2YY · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$208 / 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
$10,579
Tax year 2024
Assessed value
$906,784
Assessed 2024
Previous assessed
$906,784
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$362,277
Assessed improvement
$544,507
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1954
Heating
NONE
Cooling
YES
Stories
1
Units
12
Total area
5,838 SF
Lot
0.15 ac (6,653 SF)
Zoning code
BUC2YY
APN
2444-004-001
UPID
US09-6944879
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC2YY · Burbank, CA
Zoning BUC2YY · permitted uses
BUC2YY · 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
1954
Heating
NONE
Cooling
Yes
Stories
1
Units
12
Lot
0.15 ac
Current owner
From public records · entity-resolved
Howard Family Survivors Trust
Trust
Free & Clear · 19 yrs held
Mailing address
1819 W OLIVE AVE, BURBANK, CA 91506-2435
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2007
—
Howard Family Survivors Trust
Howard Family Trust
Quit Claim Deed
related
—
Aug 1, 1994
$313,500
Howard Trust
Mcgraw,robert C
Trustees Deed
$182,500 · Mcgraw Trust
Aug 1, 1994
—
Robert C Mcgraw
Mcgraw,c A
Quit Claim Deed
related
—
—
—
Robert C Mc Graw
—
Deed Of Trust
related
$250,000 · Century Federal Savings & Loan
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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