2209 Hollywood WayBurbank, CA 91505

Property Details for 2209 Hollywood Way

Year built

1954

Lot size

0.68 AC

Property size (Sq ft)

16,464 SF

Property type

Industrial properties

Property subtype

Other warehouses

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%.

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1891

Longitude

-118.349

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