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1425 N Hollywood Way

Burbank, CA 91505
  • $1,385,000
  • STATUS: ACTIVE
  • ON SITE: 88 Days
  • ID#: SR23119381
UPDATED: 14 min ago
$1,385,000
  • 1
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are proud to represent this 4 unit apartment building in an excellent rental pocket in the heart of Burbank near Magnolia Park. The building was constructed in 1945 and thoroughly renovated in 2022 including new plumbing, electrical, and building systems throughout. Its unit mix consists of (2) studios and (2) 1+1 units. With a lot size of 2,708 square feet, the property has a total of 1,530 rentable square feet. The property is located in/near Magnolia Park in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. The property is separately metered for gas and electricity and has very little ongoing maintenance requirements. We are proud to represent this 4 unit apartment building in an excellent rental pocket in the heart of Burbank near Magnolia Park. The building was constructed in 1945 and thoroughly renovated in 2022 including new plumbing, electrical, and building systems throughout. Its unit mix consists of (2) studios and (2) 1+1 units. With a lot size of 2,708 square feet, the property has a total of 1,530 rentable square feet. The property is located in/near Magnolia Park in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. The property is separately metered for gas and electricity and has very little ongoing maintenance requirements.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.welcometosandiegorealestate.com/homes/141189889
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1425 N Hollywood Way Burbank, CA 91505

  • Price: $1,385,000
  • Status: ACTIVE
  • On Site: 88 Days
  • Updated: 14 min ago
  • ID#: SR23119381
1
Beds
0
Baths
0
½ Baths
0.06
Acres
Neighborhood:
Burbank (91505)
County:
Los Angeles
Area:
Burbank (91505)
Property Description
We are proud to represent this 4 unit apartment building in an excellent rental pocket in the heart of Burbank near Magnolia Park. The building was constructed in 1945 and thoroughly renovated in 2022 including new plumbing, electrical, and building systems throughout. Its unit mix consists of (2) studios and (2) 1+1 units. With a lot size of 2,708 square feet, the property has a total of 1,530 rentable square feet. The property is located in/near Magnolia Park in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. The property is separately metered for gas and electricity and has very little ongoing maintenance requirements. We are proud to represent this 4 unit apartment building in an excellent rental pocket in the heart of Burbank near Magnolia Park. The building was constructed in 1945 and thoroughly renovated in 2022 including new plumbing, electrical, and building systems throughout. Its unit mix consists of (2) studios and (2) 1+1 units. With a lot size of 2,708 square feet, the property has a total of 1,530 rentable square feet. The property is located in/near Magnolia Park in Burbank, which is a highly desirable rental market and is known as the media capital of the world. It is home to Disney Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. The property is separately metered for gas and electricity and has very little ongoing maintenance requirements.
Exterior Features

Pool N/K

Interior Features

Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1

Property Features

Actual Cap Rate 3.62 Annual Expense Actual 18263 Buildings 2 Cfd Mello Roos Fee 179.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 20.3 Gross Scheduled Income Actual 68940 Monthly Total Fees 14 Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1828.0 Unit2 Rent Actual 1045.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Cindy Hill of Equity Union: 818-640-4360. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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