$1,499,000
915 W Olive W
Burbank, CA 91506
1960
Year Built
Other
County
MixedUse
Property Type
About this home
Offered for the First Time in 37 Years - Vacant Burbank Mixed-Use Owner/User Opportunity.Unique mixed-use owner/user or investment opportunity in Burbank. Approx. 3,700 SF building situated on a 5,094 SF street-to-alley lot, offering a versatile combination of commercial and residential space.The property includes approx. 2,550 SF of ground-floor commercial/office space and an approx. 1,150 SF two-bedroom residential unit upstairs. The commercial portion features multiple office/work areas, three restrooms, workshop/storage space and a roll-up loading door. Previously occupied by a printing business, the flexible configuration may accommodate a variety of professional, creative, production, design or service-oriented uses. Potential may also exist to divide the commercial area into two or three separate spaces, subject to buyer investigation and City approvals.The lot extends from W. Olive Avenue to the rear alley, providing convenient access from both ends. Five striped on-site parking spaces plus potential tandem parking provide added flexibility for an owner/user, employees, clients or residents.The upstairs two-bedroom unit includes a living room, dining area, kitchen and full bath, creating an opportunity to operate a business below while occupying the residence above or potentially leasing it for additional income.Both commercial and residential portions are vacant and ready for renovation and updating, allowing a buyer to configure the property to suit their business, residential or investment objectives. Excellent visibility along W. Olive Avenue with convenient access to Burbank's major employment, studio and entertainment centers.Trust/inheritance sale. Property is being sold in its present AS-IS condition. Seller has limited knowledge of the property and will make no repairs, improvements or updates. Offers containing loan and/or appraisal contingencies may not be considered.Buyer to independently investigate and verify square footage, lot size, zoning, permitted uses, parking, potential division of commercial space and all other aspects of the property.
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Mortgage Estimate
$7,978/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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