639 E Olive, Burbank, California 91501, Burbank, 91501 - 3 bed, 3 bath
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Burbank, California 91501
This townhome-style residence presents a High-Potential Investment Opportunity with a List Price of $699,000—positioned well below the $725,223 Fair Market Value by 3%. This valuation gap offers $26,223 in Instant Equity for buyers. Featuring a Fair Condition Rating, the property requires interior modernization to unlock its full value. Located in the Burbank Unified School District, this asset offers a rare, private layout with no shared walls above or below. It is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 639 E Olive Subject | $699,000* List Price | 3 | 3 | 1,465 | $495 | - |
A 330 N 5th Street Active | $699,996 List Price | 2 | 3 | 1,281 | $546 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 47 years old (built 1977) and appears to be in mostly original condition with popcorn ceilings, dated louvered closet doors, and an original bathroom vanity. The listing description explicitly calls for 'vision' to 'unlock potential,' indicating the home requires a full interior rehab to meet modern standards.
Situated in the prestigious Burbank Hills above Glenoaks, the property is minutes from major studios like Disney and Warner Bros, and falls within the highly-regarded Burbank Unified School District.
This townhome-style residence offers direct street-level access with no neighbors above or below, providing a level of privacy and independence rarely found in multi-unit developments.
The property is positioned as a prime opportunity for buyers to build equity by implementing their own updates and improvements in a high-demand neighborhood.
The listing explicitly calls for 'vision' and 'personal updates,' indicating that the home likely requires significant cosmetic or functional modernization to meet current market standards.
Despite its location in the Burbank Hills, the property is noted as having no views, which may be a disadvantage compared to neighboring properties that offer hillside or city light vistas.
Burbank Hills above Glenoaks!| Bring your vision and unlock the potential of this townhome-style residence in one of Burbank's most desirable neighborhoods. Featuring direct street-level access with no neighbors above or below, this home offers an excellent opportunity to add value through your own personal updates and improvements. | The functional floor plan includes three spacious bedrooms, 2.5 bathrooms, full-size in-unit laundry, and side-by-side parking in a gated underground garage with additional storage. | Ideally located just minutes from Downtown Burbank, the Burbank Town Center, Warner Bros. Studios, Disney, restaurants, shopping, and all that Burbank has to offer. Situated within the highly regarded Burbank Unified School District, this is an outstanding opportunity for buyers looking to create equity in a prime location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,465 | 1,370.5 |
| Lot Size | 7,117 | 28,373 |
| Price | $699.0K | $721.0K |
| Price per sq ft | $477 | $568 |
| Built year | 1977 | 1981 |
| HOA | $350.0 | $363 |
| Days on market | 15 | 80 |
Jul 7, 2026
$699,000
Initial Listing
Sep 24, 2004
$380,000
Public Record