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2221-2225 W Olive Ave 7,478 sq ft 100% Let Office Property Burbank, CA 91506 £3,334,185 (£445.87/sq ft) 6.20% Net Initial Yield



INVESTMENT HIGHLIGHTS
- Current Cap Rate: 6.20% | Pro Forma: 7.27%
- Diversified Revenue Stream | 11 Office Suites, 5 Retail Storefronts, and 2 Apartments
- Prominent Corner Exposure | High Visibility at Olive Avenue & Lincoln Street
- Fully Stabilized Income | 18 Total Units Across Retail, Office, and Residential Units
- All NNN Commercial Leases | Minimal Landlord Responsibilities
- Ample On-Site Parking | Convenient Alley Access for Tenants and Customers
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Office
Property Subtype
Property Size
7,478 sq ft
Costar Property Class
C
Year Built
1956
Price
£3,334,185
Price per sq ft
£445.87
Yield
6.20%
NOI
£206,848
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
3,739 sq ft
Floor To Floor Height
11 ft
Plot ratio
0.75
Total Plot Size
0.23 ac
Use Class
BUC2YY - Commercial
Parking
14 Spaces (1.87 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
- Restaurant
- Security System
- Signage
- Air Conditioning
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Walk Score®
Easily Walkable (81)
Bike Score®
Good for cycling (72)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £641,604 | |
| Land Assessment | £1,443,610 | Total Assessment | £2,085,213 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,443,610
Improvements Assessment
£641,604
Total Assessment
£2,085,213
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2221-2225 W Olive Ave
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