4123 Olive Ave Burbank, CA 91505-4214
- Banks
- 10,979 SF
- 0.42 lot acres
Oct 14, 2024
Current Use by Public Records
- Bank of America ATM / Financial Planner / Financial Consultant
- Bob Garage Door Repair Co. / Garage Door Supplier
Property Details for 4123 Olive Ave
- Year built
- 1978
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.42 lot acres
- Property size
- 10,979 SF
- Zone code
- BUC2*
- Property type
- Banks
- APN
- 2485-020-024
- APU
- 2485020024
Description
This ±13,349 square foot vacant bank building presents a unique investment opportunity in Burbank's Media District. Located directly across from Warner Brothers Studios on Olive Avenue, this property boasts exceptional visibility and accessibility within a high-traffic area frequented by industry professionals and tourists. Built in 1978, the building sits on a 0.42-acre lot (APN 2485-020-024) and offers a versatile layout suitable for a variety of uses, including production offices, creative studios, post-production facilities, or corporate headquarters. The property features a great mix of open space with high ceilings, private offices, and a vault. The building's infrastructure is well-maintained, providing the flexibility needed to accommodate a range of business types. With 189 feet of frontage on Olive Avenue, this property offers unparalleled exposure. The asking price is $8,975,000, translating to $672.34 per square foot. The property is zoned BUC2 and is offered fee simple. Its prime location offers proximity to restaurants and shops, enhancing its appeal and potential for success. The property includes private patios and outdoor areas. This is an ideal headquarters opportunity with high visibility in a thriving entertainment hub.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burbank
- County
- Los Angeles
- State
- California
- Longitude
- -118.343
- Latitude
- 34.1485
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA