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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Office buildings
2401 Olive Ave Burbank, CA 91506-2666
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6942540
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Construction
WOOD
Total area
7,880 SF
Lot
0.2 ac (8,682 SF)
Zoning code
BUC2*
APN
2444-002-031
UPID
US09-6942540
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
-
Healing Wave Home Health Care Home Health Care Service
-
Revolution Post Film Production Television Studio
-
Vaudeville Sound - Burbank Recording Studio
-
Connected Sound Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Silverlake Sounds Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Ronald M Miller · 6 yrs held
Ronald M Miller
since 2020
Last sale
$1.0M
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
$1,100,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.00M (Apr 30 2020)
Last sale anchor
$1.00M
Apr 30 2020
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
$133 / 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
$17,998
Tax year 2024
Assessed value
$1,565,445
Assessed 2024
Previous assessed
$1,565,445
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$939,269
Assessed improvement
$626,176
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
1963
Construction
WOOD
Heating
NONE
Stories
1
Rooms
4
Bathrooms
4
Total area
7,880 SF
Lot
0.2 ac (8,682 SF)
Zoning code
BUC2*
APN
2444-002-031
UPID
US09-6942540
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC2* · Burbank, CAZoning BUC2* · permitted uses
BUC2* · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1963
Construction
WOOD
Heating
NONE
Stories
1
Rooms
4
Bathrooms
4
Lot
0.2 ac
Current owner
From public records · entity-resolved
Ronald M Miller
Individual
Mailing address
4330 PARK ARROYO, CALABASAS, CA 91302-2805
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2020
—
Ronald M Miller
Arlene M Miller
Intrafamily Transfer
related
$1,035,000 · Jpmorgan Chase Bank NA
Jun 15, 2016
—
Ronald M Miller
—
Deed
related
$1,100,000 · Jpmorgan Chase Bank NA
Sep 30, 1999
—
Miller Ronald M
Miller,s F & S
Quit Claim Deed
related
—
Aug 26, 1999
—
Miller,ronald M & Arlene M Trust
Miller,r M & A M
Quit Claim Deed
related
—
Apr 8, 1998
$1,000,000
Ronald M Miller
Heller Trust
Grant Deed
$985,743 · Heller Trust
Oct 19, 1989
—
Bauer Sooky
Bauer
Quit Claim Deed
related
—
Oct 19, 1989
$407,000
Bauer Sooky
Naim
Trustees Deed
$300,800 · World Savings & Loan
May 18, 1988
—
Naimer Sarah
Naime
Quit Claim Deed
related
$160,000 · Wells Fargo Bank
May 6, 1988
$320,000
Sarah Naimer
Fostr
Grant Deed
—
Jan 4, 1988
$37,500
Morris P Fostrey
Cross
Grant Deed
$201,000 · Electric Serv&su
—
—
Jerome L J Bauer
—
Deed Of Trust
related
$39,000 · Aerospace FCU
—
—
Miller Trust
—
Deed Of Trust
related
$865,927 · Us Bank NA
—
—
Miller,tr
—
Deed Of Trust
related
$838,878 · Rose Geller Trustee
—
—
Miller Ronald M & A M Trust
—
Deed Of Trust
related
$735,567 · Marital Deduction Trust
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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