Property website with OM: https://properties.berkadia.com/600-olive-473116/ Price Reduced by $1,300,000! 5.7% Cap Rate on in-place rents; 6.7% Cap Rate at market rent with light renovation. We are excited to exclusively offer for sale, 600 E. Olive Avenue, a 68-unit apartment community in a prime Burbank location near downtown shopping restaurants and entertainment. The courtyard-style community features large, renovated unit interiors averaging 1,282 square feet (11 with in-unit washer/dryer), a welcoming lobby, rooftop pool with city views, an elevator and gated subterranean garage parking. Built in 1973, the property offers significant rental upside. The building passed the SB721 Elevated Elements inspection. The prime Burbank location is home to one of the highest concentrations of entertainment companies in the world. The property is within ten minutes of major employers including: Warner Bros., Disney, Providence Saint Joseph Medical Center, Nickelodeon, and Netflix. The location offers easy access to transportation: Minutes to the I-5 and 134 freeway; Four Minutes to Downtown Burbank Metrolink Station; Ten Minutes to Burbank Airport.