2209 Hollywood Way Burbank, CA 91505
- Warehouses
- 16,464 SF
- 0.68 lot acres
Current Use by Public Records
- Warehouses
Property Details for 2209 Hollywood Way
- Year built
- 1954
- Lot size
- 0.68 lot acres
- Property size
- 16,464 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This Burbank, CA investment property presents a rare opportunity to acquire two contiguous, 1-story industrial buildings totaling 16,464 square feet on a 0.68-acre lot. The property, zoned M1, features two buildings constructed in 1954, each with approximately 20 parking spaces and 18-foot ceilings. Currently operating as a multi-tenant property with a NNN lease structure, the buildings offer a significant value-add opportunity. The current leases expire July 31, 2025, with a remaining term of approximately 0.7 years. The current Net Operating Income (NOI) is $242,196, with a pro-forma NOI projected at $390,000, reflecting significant rental upside potential due to below-market rents. The property benefits from a prime location in Burbank, just three minutes from Hollywood Burbank Airport, offering excellent visibility and access to a strong workforce and consumer base. Each building can be purchased separately. This Class B property presents a compelling investment opportunity in a thriving market with a high jobs-to-housing ratio. The buildings are situated along N. Hollywood Way, providing excellent signage opportunities. Rent bumps are set at 3%.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burbank
- County
- Los Angeles
- State
- California
- Longitude
- -118.349
- Latitude
- 34.1891
