4123 Olive Ave, Burbank, CA 91505-4214
- Banks
- 10,979 SF
- 0.42 lot acres
Current Use by Public Records
- Bank of America ATM / Financial Advisor
- Bob Garage Door Repair Co. / Building Supply / General Contractor
Property Details for 4123 Olive Ave
- Year built
- 1978
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.42 lot acres
- Zone code
- BUC2*
- Property type
- Banks
- APN
- 2485-020-024
- APU
- 2485020024
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 14, 2025 | $9,750,000 | Ldar 4123 W Olive LLC | Roi Facilitators LLC | Grant Deed | $5.9M · Pmf Ca Reit LLC |
| Dec 30, 2024 | — | Roi Facilitators LLC | — | Deed · related | $1.4M · Nazerian Group |
| Dec 5, 2024 | $6,300,000 | Roi Facilitators LLC | Pi Properties No 140 LLC | Grant Deed | $4.8M · Pl Properties No 140 LLC |
| Nov 27, 2019 | — | Pi Properties No 140 LLC | — | Loan Modification · related | $15M · Morgan Stanley Pvt Bk NA |
| Jan 23, 2017 | — | Pi Properties #140 LLC | — | Deed · related | $15M · Morgan Stanley Private Bank NA |
| Oct 4, 2016 | — | Pi Properties 140 LLC | Positive Invs INC | Quit Claim Deed | — |
| Oct 26, 2004 | $615,500 | First States Invtrs 5200 LLC | Bank Of America NA | Grant Deed · related | — |
| Dec 9, 1970 | — | — | — | Grant Deed · related | — |
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 Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,034,000
Market price range: $3.10M - $9.65M -
Alternative Use
- Use
- Estimation
- FINANCIAL BUILDING
- $6,145,000 Current use
- AUTO REPAIR, GARAGE
- $8,650,000 Change: +41% Conversion: Difficult
- RESTAURANT
- $7,150,000 Change: +16% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $6,680,000 Change: +9% Conversion: Difficult
- RETAIL STORES
- $6,035,000 Change: -2% Conversion: Difficult
- OFFICE BUILDING
- $5,860,000 Change: -5% Conversion: Difficult
- WAREHOUSE, STORAGE
- $5,445,000 Change: -11% Conversion: Difficult
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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
