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Property profile & analytics
OFF-MARKET
Estimated value
$34,480,000
Office buildings
2411 Olive Ave Burbank, CA 91506-2629
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0194750
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1990
Construction
CONCRETE
Total area
119,895 SF
Lot
0.89 ac (38,572 SF)
Zoning code
3659
APN
2444-002-033
UPID
US10-0194750
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
-
Partners Federal Credit Union Credit Union
-
Wilmark Entertainment Music Venue Bar & Pub
-
Buena Vista Plaza Corporate Office
-
Buena Vista Plaza - Parking Garage Parking Lot & Garage
-
Coinstar Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$42.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$34.48M
Owner & transaction history
Burbank Income Partners LLC · 9 yrs held
Burbank Income Partners LLC
since 2017
5 recorded transactions
Zoning & alternative use
3659 · 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%
$45,655,000
6.5%
$42,145,000
7%
$39,135,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$54,500,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$34.48M
Range $31.03M – $37.93M · ±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
$288 / 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
$628,453
Tax year 2024
Assessed value
$56,413,579
Assessed 2024
Previous assessed
$56,413,579
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$6,144,277
Assessed improvement
$50,269,302
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 (MULTI-STORY)
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
NONE
Total area
119,895 SF
Lot
0.89 ac (38,572 SF)
Zoning code
3659
APN
2444-002-033
UPID
US10-0194750
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
3659 · Burbank, CA
Zoning 3659 · permitted uses
3659 · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$54.5M
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
CONCRETE
Heating
NONE
Lot
0.89 ac
Current owner
From public records · entity-resolved
Burbank Income Partners LLC
Entity
Mailing address
2765 SAND HL RD STE #200, MENLO PARK, CA 94025-7099
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2018
—
Burbank Income Partners LLC
—
Loan Modification
related
$850,000,000 · Pnc Bk
Jan 20, 2017
$52,500,000
Burbank Income Partners LLC
Buena Vista Plaza LP
Grant Deed
—
Jul 28, 2005
—
Ryanco Partners Ltd No X
Disney Ents INC
Quit Claim Deed
$22,000,000 · Bear Sterns Commercial Mortgage INC
Mar 19, 1992
—
Ryanco Partners Ltd No X
—
Deed Of Trust
related
—
—
—
Ryanco Partners Ltd #x
—
Deed Of Trust
related
$21,400,000 · Credit Suisse First Boston Mtg
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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