1848 Hollywood WayBurbank, CA 91505

  • Residential income properties
  • 2,477 SF
For Sale
$1,199,991 View listing

Property Details for 1848 Hollywood Way

Year built
1947
Property size (Sq ft)
2,477 SF
Property type
Residential income properties
Property subtype
Multifamily properties

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.

1848 Hollywood Way, Burbank, California

Location Insight

City
Burbank
County
Los Angeles
State
California
Latitude
34.1827
Longitude
-118.349

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