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$794,900
621 E Olive Avenue 106, Burbank, California 91501
3Beds
3Baths
1,770Sqft
6,838Lot
Year Built
2003
Close
-
List price
$795K
Original List price
$795K
Price/Sqft
$449
HOA
$300
Days on market
-
Sold On
-
MLS number
25628921
Home ConditionPoor
Features
Good View: None
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $794.9K(50th), sqft - 1770(86th), beds - 3(50th), baths - 3(50th).

This property is now active in an online auction. Auction starts Sunday 12/28 and ends Tuesday 12/30. All offers must be submitted through the property's listing page. Call listing agent for more details. This 3 bedroom, 2.5 bath townhouse offers a flexible floor plan and is ready for renovation and customization. The main level features a spacious living and dining area with a fireplace and two sizable balconies, providing excellent potential for indoor-outdoor living. The 2nd floor includes 3 bedrooms, highlighted by the primary bedroom with en-suite bathroom. All bedrooms have access to a balcony. The 3rd level offers access to the rooftop patio with mountain-top views, an ideal space to reimagine for entertaining or relaxation. Additional features include in-unit laundry, two side-by-side parking spaces in a gated garage, and storage lockers. Centrally located near shopping, dining, and entertainment. The property is subject to California Civil Code Section 2429p (First Look program) for the first 30 days of marketing. Eligible owner-user buyer offers will be considered within the first 30 days of marketing, all offers thereafter. Owner occupants are those buyers that will occupy the property as their principal residence within 60 days of close and will maintain their occupancy for at least 1 year. Buyer to sign an "Affidavit of Owner-Occupancy" with contract. An investor, trust, vacation or part-time residence, or purchasing for another person will be considered an investor and are not eligible for First Look. Investor bids are negotiated on day 31 of listing (1/20/26). This sale is subject to a 5% buyer's premium (pursuant to the auction Terms & Conditions) will be added to all winning bid amounts to determine the Total Purchase Price. All bids will be subject to seller approval (minimums may apply). See auction website for more information. To help visualize this unit's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. Cash/Hard Money or Renovation Loans only. Purchasers may use any lender they choose to finance the purchase of a property. However, the seller requires that all non-cash offers must be pre-qualified by NewRez Home Loan Division prior to offer acceptance.

Price History

Date
Event
Price
12/15/25
Listing
$794,900
02/10/06
Sold
$720,000
05/12/05
Sold
$685,000
04/05/04
Sold
$444,000
Condition Rating
Poor

The property, built in 2003, is explicitly described as 'ready for renovation and customization,' and the images confirm this. The kitchen is completely gutted with no cabinets or appliances, and the bathrooms are missing vanities with exposed plumbing. There is no finished flooring throughout most of the unit, only subfloor. This indicates a need for substantial repairs and rehabilitation, making it uncomfortable and largely unlivable in its current state. The financing restrictions (cash/hard money/renovation loans only) further support the assessment that significant investment is required to make the property habitable and up to modern standards.
Pros & Cons

Pros

Prime Burbank Location: Centrally located in Burbank, offering convenient access to shopping, dining, and entertainment options.
Rooftop Patio with Views: Features a private rooftop patio with mountain-top views, providing an ideal space for entertaining or relaxation.
Flexible Layout & Balconies: Offers a flexible 3-bedroom, 2.5-bath floor plan with a spacious living/dining area, fireplace, and multiple balconies, including access from all bedrooms, enhancing indoor-outdoor living.
Secure Parking & Amenities: Includes practical amenities such as in-unit laundry, two side-by-side parking spaces in a gated garage, and additional storage lockers.
Customization Potential: Described as 'ready for renovation and customization,' presenting a significant opportunity for a buyer to personalize the space and add value.

Cons

Auction Process & Buyer's Premium: The property is sold via an online auction, which includes a mandatory 5% buyer's premium, significantly increasing the total purchase price and adding complexity to the transaction.
Renovation Required & Limited Financing: The property is 'ready for renovation,' implying necessary upfront investment, and financing options are restricted to cash, hard money, or renovation loans, limiting the potential buyer pool.
Buyer Restrictions & Specific Lender Pre-qualification: Subject to a 'First Look' program favoring owner-occupants, potentially delaying investor offers, and all non-cash offers require pre-qualification by a specific lender (NewRez Home Loan Division).

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