2221-2225 W Olive Ave - Office/Residential FOR SALE


Burbank, CA 91506- Chandler Park
$4,500,000 USD
310-986-7697
2221-2225 W Olive Ave, Burbank, CA for Sale
$4,500,000 USD
Office/Residential - FOR SALE
1/13
null | 6.2% Cap Rate

NEW


2221-2225 W Olive Ave
Burbank, CA 91506
Chandler Park


HIGHLIGHTS

  • Current Cap Rate: 6.20% | Pro Forma: 7.27%
  • Fully Stabilized Income | 18 Total Units Across Retail, Office, and Residential Units
  • Diversified Revenue Stream | 11 Office Suites, 5 Retail Storefronts, and 2 Apartments
  • All NNN Commercial Leases | Minimal Landlord Responsibilities
  • Prominent Corner Exposure | High Visibility at Olive Avenue & Lincoln Street
  • Ample On-Site Parking | Convenient Alley Access for Tenants and Customers

OVERVIEW

The Hirth Group’s team comprised of Ethan Donel, Alex Reyhan, and Daniel Hirth have been exclusively retained by ownership to present 2221–2225 W. Olive Avenue, a fully occupied multi-tenant mixed-use investment opportunity featuring retail, office, and residential units in the heart of Burbank, California. Situated on two contiguous parcels totaling ±10,100 SF of land, the property encompasses ±7,478 SF of building with eleven (11) office suites, five (5) retail storefronts, and two (2) apartment units. All commercial tenants operate on NNN leases, providing investors with a diversified and stable income stream. The asset has been meticulously maintained and offers significant upside potential through rent adjustments and tenant repositioning, with a projected pro forma yield of 7.27%. In addition, the property’s strong current CAP rate of 6.20% offers an attractive in-place return rarely found in the Burbank market. Ideally positioned along Olive Avenue just minutes from the 134 Ventura Freeway, the property benefits from strong visibility and seamless access throughout the San Fernando Valley. Located within the “Media Capital of the World,” this offering sits at the center of a thriving creative and entertainment hub anchored by Disney, Warner Bros., and NBC Universal. Continued investment in the area - including Warner Bros.’ Ranch Lot expansion and the $1.1 billion Burbank Airport modernization - underscores the city’s long-term growth trajectory. With limited supply of comparable multi-tenant assets and consistently high tenant demand, 2221–2225 W. Olive Avenue represents a rare opportunity to acquire a stable, income-producing property with immediate value-add potential in one of Southern California’s most resilient and desirable submarkets.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$602 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

BUC2YY

APN/PARCEL ID

2444-006-001,2444-006-022

ASK ABOUT THIS PROPERTY

Ethan DonelThe Hirth Group of KWMore Info
310-986-7697

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Ethan DonelThe Hirth Group of KWMore Info
310-986-7697

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.