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1225 N Hollywood Way

Burbank, CA 91505
  • $1,200,000
  • STATUS: Pending
  • ON SITE: 73 Days
  • ID#: 23313757
Pending
$1,200,000
  • 4
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,482
    SQFT
  • $483
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Listing Agent(s): David Saghian of Kidder Mathews Of California, Inc. (858-369-3010) and Michael Monempour of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)


Description

MOTIVATED SELLER! TWO UNITS TO BE DELIVERED VACANT WITH POTENITAL FOR THIRD UNIT VACANCY AS WELL! The offering is a very rare and attractive turn key investment property located in Prime Burbank sandwiched between Toluca Lake and Glendale. The property is walking distance to a myriad of fine dining, shopping, and entertainment options. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime Burbank location with significant value-add potential. There is an excellent unit mix consisting of One 2 Bedroom/1 Bath, One 1 Bedroom/1 Bath with Den, & One 1 Bedroom/1 Bath unit. All units are separately metered for gas & electric. There is three secured parking spaces with the potential for 1 ADU above the parking garage. This is a great owner user opportunity as well!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/143603558
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1225 N Hollywood Way Burbank, CA 91505

  • Price: $1,200,000
  • Status: Pending
  • On Site: 73 Days
  • ID#: 23313757
4
Beds
0
Baths
0
½ Baths
0.13
Acres
2,482
SQFT
$483
$/SQFT
1947
Built
Neighborhood:
610 - Burbank
County:
Los Angeles
Area:
610 - Burbank
Property Description
MOTIVATED SELLER! TWO UNITS TO BE DELIVERED VACANT WITH POTENITAL FOR THIRD UNIT VACANCY AS WELL! The offering is a very rare and attractive turn key investment property located in Prime Burbank sandwiched between Toluca Lake and Glendale. The property is walking distance to a myriad of fine dining, shopping, and entertainment options. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime Burbank location with significant value-add potential. There is an excellent unit mix consisting of One 2 Bedroom/1 Bath, One 1 Bedroom/1 Bath with Den, & One 1 Bedroom/1 Bath unit. All units are separately metered for gas & electric. There is three secured parking spaces with the potential for 1 ADU above the parking garage. This is a great owner user opportunity as well!
Exterior Features

Attached Garage YN Yes Parking Total 0

Interior Features

Appliances DishwasherMicrowaveRefrigerator Heating Fireplace(s) Heating YN Yes

Property Features

Association YN No Cap Rate 3.65 Gross Income 75000 Levels One Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 43990 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 3 Zoning BUR4*



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): David Saghian of Kidder Mathews Of California, Inc. (858-369-3010) and Michael Monempour of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)