2000 Hollywood WayBurbank, CA 91505

Property Details for 2000 Hollywood Way

Year built

2010

Construction

TILT-UP CONCRETE

Lot size

1.37 AC

Property size (Sq ft)

23,320 SF

Zone code

BUC3*

Property type

Community centers

APN

2463-009-005

APU

2463009005

Description

This exceptional Burbank retail investment opportunity presents a stabilized, multi-tenant shopping center totaling 61,690 square feet, situated on a 130,680 square foot lot. The property, comprised of two single-story buildings constructed in 1940 and extensively renovated in 2023, boasts a prime location at the signalized intersection of North Hollywood Way and Victory Boulevard. Tenants include established national brands such as 7-Eleven, Petco, Subway, Domino's Pizza, UPS, and Party City, ensuring a strong and diverse tenant mix. The property features 188 parking spaces and benefits from a 100% occupancy rate, generating a current NOI of $1,528,730.30 and a pro-forma NOI of $1,703,538.66. The asking price is $29,975,000, representing a current cap rate of 5.10% and a pro-forma cap rate of 5.69%. The property is zoned C3 and includes ten units under NNN leases. This irreplaceable location, held under the same ownership for over 65 years, offers a compelling investment opportunity with significant upside potential. The property's address encompasses 2000-2015 N. Hollywood Way and 3125 W. Victory Blvd, Burbank, CA 91505. APN numbers are 2463-009-005

• CAP approach

  CAP return

  Valuation

  6%

  $11,173,048

  6.5%

  $10,313,583

  7%

  $9,576,899

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,175,019

  Geo Method

  $11,175,019

• Alternative Use

  Use

  Valuation

  Residential

  $8,699,893

  Hospitality

  $7,969,056

  Educational

  $6,630,160

  Medical

  $6,858,182

  Retail

  $10,313,583

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1852

Longitude

-118.349

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].