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    2000 Hollywood Way Burbank, CA 91505

    Sponsored
    For Sale
    $29,975,000

    High-Yield Burbank Shopping Center

    Property size:
    61,690 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Burbank retail investment opportunity presents a stabilized, multi-tenant shopping center totaling 61,690 square feet, situated on a 130,680 square foot lot. The property, comprised of two single-story buildings constructed in 1940 and extensively renovated in 2023, boasts a prime location at the signalized intersection of North Hollywood Way and Victory Boulevard. Tenants include established national brands such as 7-Eleven, Petco, Subway, Domino's Pizza, UPS, and Party City, ensuring a strong and diverse tenant mix. The property features 188 parking spaces and benefits from a 100% occupancy rate, generating a current NOI of $1,528,730.30 and a pro-forma NOI of $1,703,538.66. The asking price is $29,975,000, representing a current cap rate of 5.10% and a pro-forma cap rate of 5.69%. The property is zoned C3 and includes ten units under NNN leases. This irreplaceable location, held under the same ownership for over 65 years, offers a compelling investment opportunity with significant upside potential. The property's address encompasses 2000-2015 N. Hollywood Way and 3125 W. Victory Blvd, Burbank, CA 91505. APN numbers are 2463-009-005

    Property Features for 2000 Hollywood Way

    General Information

    Property type
    Lifestyle centers
    Square Feet
    61,690 SF

    Building Details

    Year Built/Renovated
    1940/2023
    Buildings
    2
    Stories
    1
    Units
    10

    HighLights

    • Prime Burbank retail investment opportunity.
    • High‑visibility corner location at N Hollywood Way & Victory Blvd.
    • Strong tenant mix of 10 retailers & a cell tower on staggered leases.
    • Two synergistic retail centers at this intersection.
    • Single ownership for over 65 years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Amazon Locker - Robert Mailing Service 7-Eleven Convenience Store KeyMe Locksmiths Key Duplication Service Western Union Money Transfer Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.3488886
    Latitude
    34.1849818

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    FAQs

    What type of property is this?
    Lifestyle center - High-Yield Burbank Shopping Center
    Where is this lifestyle center located?
    The property is located at 2000 Hollywood Way Burbank, CA.
    What is the asking price?
    The asking price for this property is $29,975,000.
    What are key features of this property?
    This property features: Prime Burbank retail investment opportunity.; High-visibility corner location at N Hollywood Way & Victory Blvd.; Strong tenant mix of 10 retailers & a cell tower on staggered leases.
    Request Owner's contact information
    2000 Hollywood Way Burbank, CA 91505
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    Burbank, CA 91505
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2000 Hollywood Way Burbank, CA 91505
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