strongSenior Apartments. 55+/strong The Olive Plaza Senior Apartments are designed for older adults 55+ who desire high quality living at affordable prices. Olive Plaza is a 183 unit apartment community that provides 1 and 2 bedroom units within an environment that promotes and invites an independent lifestyle. Perfectly situated in Downtown Burbank, the building provides occupants with easy access to shopping, entertainment, restaurants, libraries, freeway, post office, banks, churches, public transportation, the Metro Link, and the Burbank Mall. 25% of units are rented to moderate income households at a monthly rate not to exceed 30% of 110% of the area median income.