Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Auto shops
1130 Hollywood Way Burbank, CA 91505-2527
Trust Owned
Absentee Owner
Free & Clear
Property ID
US10-0203407
Property summary
AI-generated overview
This exceptional 2,000 square foot retail property presents a rare investment opportunity in Burbank's desirable Magnolia Park District. Situated on a 0.07-acre lot at 1130 Hollywood Way, this single-story building boasts a highly visible location, just minutes from Burbank Airport and a short 12-mile drive to downtown Los Angeles. The strategic location ensures excellent accessibility and high traffic exposure, making it ideal for a diverse range of commercial ventures. The building itself features a durable concrete slab foundation and a rolled composition roof, providing a solid and reliable structure. Climate control is ensured by two efficient mini-split air conditioning and heating units. This property is ready for immediate occupancy and presents significant potential for growth and profitability within a thriving commercial area experiencing moderate-to-heavy traffic flow. The asking price is $1,500,000. Don't miss this chance to secure a prime retail space in a highly sought-after Burbank location. Serious inquiries only.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1952
Total area
800 SF
Lot
0.07 ac (3,250 SF)
Zoning code
BUC3YY
APN
2477-016-018
UPID
US10-0203407
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$919k
Blend (final)
Blend
$800k
Owner & transaction history
Hovsepyan Living Trust
Hovsepyan Living Trust
since 2026
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
BUC3YY · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Jan 12 2024)
Last sale anchor
$800k
Jan 12 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,000 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,593
Tax year 2024
Assessed value
$765,000
Assessed 2024
Previous assessed
$765,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$663,000
Assessed improvement
$102,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1952
Heating
NONE
Stories
1
Units
1
Total area
800 SF
Lot
0.07 ac (3,250 SF)
Zoning code
BUC3YY
APN
2477-016-018
UPID
US10-0203407
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC3YY · Burbank, CA
Zoning BUC3YY · permitted uses
BUC3YY · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burbank. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1952
Heating
NONE
Stories
1
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Hovsepyan Living Trust
Trust
Free & Clear · 0 yrs held
Mailing address
9529 VIA SALERNO, BURBANK, CA 91504-1229
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2026
—
Hovsepyan Living Trust
Anahit Kovalenko
Quitclaim Deed
—
Jan 12, 2024
$800,000
Anahit Kovalenko
Sharyn Field
Grant Deed
$500,000 · Sharyn Field
Apr 25, 2023
—
Sharyn Field
Philip Walter Feinberg
Affidavit Death Of Trustee/successor Trustee
—
Dec 6, 2011
—
Feinberg P W Family Living Trust
Feinberg,philip W
Quit Claim Deed
related
—
Mar 13, 1964
—
—
—
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1130 Hollywood Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
