621 E Olive Avenue 106, Burbank, California 91501, Burbank, 91501 - 3 bed, 3 bath

621 E Olive Avenue 106, Burbank, California 91501 home-pic-0
ACTIVE$750,000
621 E Olive Avenue 106, Burbank, California 91501
3Beds
3Baths
1,770Sqft
6,838Lot
Year Built
2003
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$424
HOA
$265
Days on market
-
Sold On
-
MLS number
SR25186062
Home ConditionPoor
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $750.0K(29th), sqft - 1770(86th), beds - 3(50th), baths - 3(50th).

Welcome to 621 E Olive Ave #106, a spacious 3-bedroom, 3-bathroom condo offering 1,770 sq ft of living space in the highly desirable city of Burbank. This property represents a rare short sale opportunity and is perfectly suited for buyers, investors, or renovators looking for a project with incredible upside potential. While the home is in need of a complete remodel, its generous floor plan and prime location provide the perfect foundation to create something truly special. Inside, you’ll find an expansive layout with great natural light and plenty of room to reimagine each space to your taste and style. The open living and dining areas, spacious bedrooms, and multiple bathrooms allow for endless design possibilities, whether you’re looking to modernize for personal use or renovate for resale. Located in a vibrant neighborhood, this condo is just minutes from Burbank’s shopping, dining, studios, parks, and entertainment, as well as convenient freeway access for commuting. With its combination of size, location, and value, this property is a blank canvas waiting to be transformed into a dream residence or profitable investment. Don’t miss this chance to take advantage of one of Burbank’s best opportunities—perfect for those ready to put in the work and unlock the home’s full potential.

Price History

Date
Event
Price
08/18/25
Listing
$750,000
Condition Rating
Poor

Built in 2003, the property is 21 years old. While the exterior appears to be in fair condition, the listing explicitly states the home is 'in need of a complete remodel.' The provided images confirm this, particularly the kitchen, which is completely gutted with debris on the floor, no cabinets, and no appliances. This indicates that major components are non-functional and require substantial rehabilitation, making the property uncomfortable and unlivable in its current state, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Exceptional Location: Situated in the highly desirable city of Burbank, offering proximity to shopping, dining, entertainment, major studios, parks, and convenient freeway access.
Generous Living Space: A spacious 1,770 sq ft condo with 3 bedrooms and 3 bathrooms, providing an expansive and flexible floor plan.
Significant Upside Potential: Presented as a rare short sale opportunity, ideal for investors or renovators to add substantial value through a complete remodel.
Modern Building Age: Constructed in 2003, indicating a relatively newer building with potentially fewer immediate structural concerns compared to older properties.
Flexible Layout & Natural Light: Features an open living and dining area, spacious bedrooms, and ample natural light, offering a versatile foundation for customization.

Cons

Extensive Renovation Required: The property is explicitly stated to be in need of a complete remodel, requiring significant time and financial investment.
Short Sale Complexity: Being a short sale, the transaction process may involve additional complexities, potential delays, and uncertainty compared to a traditional sale.
Monthly Association Fees: An ongoing monthly association fee of $265 adds to the cost of ownership, which buyers must factor into their budget.

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