1848 Hollywood Way Burbank, CA 91505
- Commercial real estate
- 2,477 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1848 Hollywood Way
- Year built
- 1947
- Property size
- 2,477 SF
- Property type
- Commercial real estate
- APN
- 2437-002-017
Description
This exceptional Burbank investment opportunity presents a well-maintained four-unit apartment building located at 1848 N Hollywood Way, 91505. Boasting a 100% occupancy rate and a strong net operating income (NOI) of $53,970, this property offers a compelling 4.50% capitalization rate. The building, constructed in 1947, comprises 2,477 square feet on a 5,400 square foot lot and features four one-bedroom, one-bathroom units. Each unit has been meticulously cared for by the same owner for almost three decades. Significant upgrades include newer copper plumbing and a newer roof. The property also includes two laundry areas and two two-car garages, providing ample convenience for residents. With alley access and a prime Burbank location, this property benefits from a highly desirable rental market. The asking price is $1,199,991. This is a rare chance to acquire a stable, income-producing asset in a thriving California market. The property's features include four parking spaces and is situated in Los Angeles County. The Assessor's Parcel Number (APN) is 2437-002-017. This single-story building presents a turnkey investment opportunity with significant potential for future growth.
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
- -118.3488274
- Latitude
- 34.1826759
