2205 Olive Avenue
Burbank, CA 91506

PRICE: $1,450,000

 

Mixed-Use Opportunity | Retail, Office & Residential Income​

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Ethan Donel, Alex Reyhan, and Daniel Hirth are pleased to present 2205 W. Olive Avenue, a ±2,945 SF multi-tenant mixed-use building situated on a ±5,625 SF lot in the heart of Burbank, California. Built in 1937 and strategically positioned along Olive Avenue - one of Burbank’s primary commercial corridors - the property offers excellent accessibility throughout the city and into many surrounding communities. The asset is comprised of three distinct components: approximately ±1,100 SF of office space currently owner-occupied by Schneider & Associates Claim Services, which received a silicone roof overlay in 2023; ±597 SF of retail space leased to Burbank Psychic Reader Lolita on a month-to-month basis; and a vacant ±800 SF apartment at the rear of the property that underwent extensive renovations. The extensively renovated apartment showcases new kitchen cabinetry with updated countertops and sink, new LVP flooring, new windows and sliding doors, fresh interior paint and carpet, a fully remodeled bathroom, and a newly installed wall-mounted air conditioner and wall furnace.

2205 W. Olive Avenue presents a rare opportunity for an owner/user to acquire a mixed-use asset in one of Los Angeles County’s most supply-constrained submarkets. Qualified buyers may take advantage of SBA financing with as little as 10% down - allowing growing businesses to build long-term equity in quality real estate. Further enhancing the value proposition, Burbank’s business-friendly environment offers no city income tax and no gross sales receipt tax, meaningfully reducing the cost of doing business for companies that choose to plant their flag here.

* Buyer to confirm tax benefits with the city of Burbank. Buyer to confirm all due diligence and information provided.