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

Retail properties

Property subtype

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

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